The Pound is in a precarious position whereas the Euro probably seems the safer bet of the two. I expect a gradual bull run to take place, patience is a must here because the time of the fundamentals unfolding will take time, so getting a solid entry and riding it out will be the way. Technicals will also be posted on my page for the timeframes below!
EURGBP seems ready to go to the upside seeing that it has been rejecting a support flip zone more than once. A reasonable target to be reached and decent pips to be made. Trade with care & Goodluck.
The pair has edged slightly higher from session lows at 0.8367, finds strong support at 20-DMA
Price action has resumed downside after being rejected at 200-DMA resistance
Support levels - 0.8366 (21-EMA), 0.8345 (20-DMA)
Resistance levels - 0.8411 (5-DMA), 0.8441 (200-DMA)
Here is my view for EURGBP on H1. The price could go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Since January, EurGbp is trading in a 200 pips range between 0.8250 and 0.8450.
0.8250 at this moment is very strong support and the pair could correct higher to the next resistance at 0.8650
As long as support is intact, buy dips is my strategy for this pair and only a daily close under support would negate this scenario.
Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified 3x new trade setups this morning. As usual, you can read my notes on the chart for my thoughts on these setups. The trades being a AUD/JPY Sell, EUR/GBP Buy & GBP/JPY Sell. Enjoy the day all. Cheers. Jim
Hey traders, in today's trading session we're monitoring EURGBP for a buying opportunity around 0.838 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
BUY: EUR / GBP
SL @ 0.82900
TP @ 0.83580
Max Risk: 2%
(When calculating, do not forget about different spreads from Brokers)
Leave comments or likes to keep our content free and alive.
Have a good week to everyone
It is not an investment recommendation
Hey traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.83000 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
EURGBP has broken the important support zone and trading below it. The price took the bounce from minor supports now and it might test 7th Mar 22 support once again.
For long positions, one can wait for the break above falling trendline and trading above the important zone.
Trade your levels accordingly.
🔰You see the analysis of the EUR against the GBP in 1 hour ( EURGBP , 1H) ❗️🔎
🔰BUY EURGBP at 0.83150
✅TP ; 0.83750
❌SL ; 0.83070
🔰Considering the price being in the range of the white bullish line of purchase in this area, the target is also within the range of the orange resistance line❗️❗️👌
⚠️⚠️Please observe capital management and open a low volume...
Buy: EUR / GBP
Buy Limit: 0.83130
SL @ 0.82850
TP @ 0.83570
Max Risk: 2%
(When calculating, do not forget about different spreads from Brokers)
Leave comments or likes to keep our content free and alive.
Have a good week to everyone
It is not an investment recommendation
Here is my view for EURGBP on H1. The price should go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Bullish Indications:
First Higher high after long bearish trend
Morning star candlestick pattern at Higher low
Trend reversing from strong support at 0.83000 with bullish candles
Upward channel formation
Double Bottom
