I am expecting further upside in this pair.
Price currently retracing to complete wave-4.
Notice that wave-1 and wave-3 are almost same length.
Usually when the length of wave-1 and wave-3 is the same size, wave-5 gonna be the longest wave and it will have 1 : 1 : 1.618 comparison.
Buy EURGBP 0.8558
Stop loss 0.8530
Take profit 0.8638 (2.8R)
Use only 1-2%...
Price broke out of the descending channel last week and looks to be re-testing today. We expect to see a reversal around 0.85010 if we see a strong break below 0.85610. If price follows our prediction, our target will be 0.8313.
EURGBP break R57/67 level to make the way to R110/120 to complete our Cluster. Short selling is preferable here.
The correction would be to R57/67 but depends on latest C0 level.
But, the trend will still bullish. I'm pretty sure.
1:Market in overall bullish trend .
2:Market Respecting Fibs Level.
3:Moving Average below the price.
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EUR/GBP technical outlook
The EUR/GBP trades around 0.8576 in between the 100 and the 50-daily moving averages, while the 200-DMA stands at 0.8710. In the short term, the pair is in an uptrend. Strong resistance lies at the confluence of the 100-DMA and a psychological round level at 0.8600, whereas the July 20 high at 0.8669 is the second resistance, followed by...
Waiting for the pullback to the snd zone and chasing the target!!
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With the continuous lower highs and lower lows forming, we should expect sells to continue on this pair.
We're keen as to what price will continue to do at this level.
We already see rejections at the level, and we're looking to pick up entries on the lower timeframes.
We're moving with the trend. It's the best we can do.
EUR/GBP is struggling at the bottom of a range for a long time now.
However, a reversal might be on the cards as EUR begins to gain momentum while
GBP is losing steam.
Price is showing some signs of a rebound in a strong support level and so traders
can consider buy email@example.com with SL below 0.8425 and TP at 0.87.
If 0.87 is broken by the bulls, the...
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EURGBP on H4 it has been rejected 2 times from a significant Support. After the large green candle we expect a Bullish move.
⬆️Buy now or Buy at 0.8472
⭕️SL @ 0.8450
✅TP1 @ 0.8520
✅TP2 @ 0.8580
✅TP3 @ 0.8640
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