An inverted Head and Shoulders just completed on EUR/GBP as well as breaking the current down trend. Looks like a good opportunity for a long.
Current market of the EUR/GBP breakout's it's support price @ 0.86691. Now there is a good opportunity to go buy until price @ 0.89205
EUR/GBP is on downtrend. Now there is a much possibility for bearish movement until price @ 0.87845
Looking for another move higher in EURGBP to somewhere near 0.9085-0.91 which is the 0.618 level. Thereafter the corrective move should terminate and we could see an impulsive move to the downside. Targeted levels are near 0.834
Looking for a dip on EURGBP to somewhere near 0.834 level before deciding on next course of action If this is a start of a downtrend (Wave 3), it should break below 0.834, as wave 3 is usually the strongest and largest. If this is a corrective ZZ, expect this correction to terminate near 0.834 as wave C. Length of Wave A = Wave C
EURGBP is now testing major resistance at 0.8911 (Fibonacci extension, Fibonacci retracement, horizontal swing high resistance) and a strong drop could occur from this level to push price down to 0.8747 support (Fibonacci retracement, Fibonacci extension, horizontal swing low support). Stochastic (55,5,3) is seeing major resistance at 95% where a corresponding...
From the below analysis we have clearly mentioned EUR/GBP follows a sell trend with downward rectangular formation. Now it's possible for a breakout from upward trend to down trend until price @ 0.87567
EURGBP Midterm Trade Strategy We have entered a short trade and it is running as predicted. As seen on the chart, following the short-term support, the trendline is broken as well. The main support is 0.87400. On the fundamentals side, GBP is much stronger than EUR. Currently, the pair is trading at 0.87782. We may see some correction of 10-15 pips. Those...
It seems EUR/GBP Will go down today, Also we have already provided EUR/GBP will be bearish until price reached @ 0.87421
EURGBP has reacted nicely off major resistance at 0.8911 (Fibonacci retracement, horizontal swing high resistance) and a strong reaction could continue from this level to push price down towards 0.8747 support (Fibonacci retracement, horizontal swing low support). Stochastic (55,5,3) is seeing major resistance at 95% where it reacted nicely off. Huge downside...
EURGBP is now testing major resistance at 0.8911 (38.2% Fibonacci retracement, horizontal swing high resistance, Fibonacci extension) and a strong reaction could occur at this level to push price down to at least 0.8747 support (Fibonacci retracement, horizontal swing low support). Stochastic (21,5,3) is seeing major resistance at 95% where a corresponding...
ABOUT MY VIEW , I THINK THAT IS A CONTINUING PATTERN WAS FORMED ON DAILY CHART ALL TP AND SL CLEARLY SHOWING
EURGBP is now testing major support at 0.8766 (Fibonacci retracement, horizontal swing low support, Fibonacci extension) and a bullish bounce could occur at this level pushing price up to at least 0.8914 resistance (Fibonacci retracement, horizontal swing high resistance). Stochastic (21,5,3) is seeing major support above 4.3% where a corresponding bounce could...
Price is back to major support at 0.8842 (Fibonacci retracement, horizontal overlap support) and a strong bounce could potentially occur at this level to push price up to at least 0.8972 resistance (Fibonacci extension, channel resistance, horizontal swing high resistance). Our next major leve of support is at 0.8786 (Fibonacci retracement, swing low...
EURGBP is approaching major channel resistance at 0.8972 (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance, channel resistance) and a strong reaction could occur at this level to push price down to at least 0.8842 support (Fibonacci retracement, horizontal overlap support). Our next major level of resistance is at 0.9027 (major swing...
FX:EURGBP Good uptrend, has to break that resistance.
EURGBP potential long.... waiting for a breakout.