OANDA:EURGBP The price has reached to the top of the channel and I expect the price to drop to the bottom of the channel. what's your opinion?
On Monday, the pound reached its highest level against the euro in 10 months, at 85.25 pence, as investors await the British inflation data and the upcoming Bank of England decision. However, the currency pair quickly rebounded to the support level of the previous week, at 85.42 pence, but is perhaps now tracking down again. In recent weeks, the sterling has...
Waiting for a retest of 0.85680 to short EURGBP back to key 4H level at 0.85000 If you agree drop a like and if you have any questions leave a comment :)
Price keeps forming lower highs. It broke 0.85400 support zone. I expect retest of this broken support or new lower high formation around 0.85600 followed with a bearish move.
we can see its forming a lower low and them lower highs so we wait for it to break the structure take out the inducement and hit our POI then we can go for a short to the HTF buy POI ps:trading is reactive not predictive
With visible data and bearish trend, there is added potential to move to the downside.
The price broke a significant trendline and formed a descending triangle from which it is expected to move further downwards, targeting lower support levels. Good trading! If you find it useful, like, follow, share!
-Bounce Rejection on support level signalling the continuation of the downtrend after profit taking -Entering next negotiation zone -Stop Above the bear candle -Take profit on the opposite zone 2.43 r/r
Analysis: Price was stuck in an area of consolidation for a while but we've seen that area be broken and price has made a substantial move to the downside indicating to us that we are only interested in shorting this pair. We're currently at an area of previous major support and we expect that this level will now hold as resistance and price will continue its...
Hello traders! ‼️ This is my perspective on EURGBP. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short position. I see price to continue bearish price action to fill the imbalance lower and then to make a new lower low. Fundamental analysis: Tomorrow we have news on GBP, will be released...
EURGBP has broken a significant level, after a pullback I expect a further fall to lower support levels. Daily chart: Good trading! If you find it useful, like, follow, share!
EURGBP / 1D Hello traders, welcome back to another market breakdown. EURGBP has been trading inside a large trading range, the price has starded breaking down, natural target is the low of the range, I'll be trading this from a alevel to a level. Checkout the chart for what I'll be waiting for. Trade safely, Trader Leo
The EURGBP currency pair is showing signs of a bearish momentum shift, indicating a potential selling opportunity for traders. Currently trading at 0.8663, the pair has been facing resistance near the 0.8702 level, suggesting a possible downward movement. Several technical indicators support this bearish outlook. The pair's recent price action has formed a series...
Waiting for a retest of 0.86764 to short EURGBP back to 4H swing lows at 0.856763 If you agree drop a like and if you have any questions leave a comment :)
EURGBP has created a potential reversal sign as RSI printed a bullish divergence. We are waiting for a clean breakout to enter long in the market. Downside risk is limited.
EUR/GBP has just suffered its worst month in ten, thanks to renewed bets of a more-hawkish BOE and soft inflation reports across Europe. Volumes increased during the recent leg lower to show fresh bearish bets being placed and the OBV (on balance volume) has also confirmed the move lower on prices. Prices are consolidating near the cycle lows on the 1-hour chart...
EURGBP is on a general bearish momentum and after bouncing from the imbalance on the daily timeframe, the price will continue falling. Sell!
Already provide analysis, but have high probability of it breaking the weak low support of 0.86500. If it does break, you can’t stop EURGBP from going go 0.85549.