EUR/GBP continues the losing streak that began on Tuesday, trading lower around 0.8650 during the European session on Friday. On Friday, better-than-expected United Kingdom’s (UK) housing data could provide minor support for the Pound Sterling (GBP). Halifax House Prices (MoM) declined 0.4% in September compared to the market consensus of a 0.8% decline and the...
Hi fellow traders, Very good buy opportunity will be there on EURGBP . Let's have some more patience and let this huge WXYXZ corrective structure complete. Goodluck!
Price currently approaching my long term trend line. If it holds then we fall, if it breaks then we could be expecting a fall from my upper trend line. Till then lets see
EURGBP is at the critical resistance area around 0.9075 The first impulsive move up is completed followed by the correction. At present, it's creating the second leg up. The Fibo Extn. 100% coincides with the rising channel top at 0.9250 which is the next target once it breaks above 0.9075 and successfully re-tests it as a support. The two possible variations of...
Hello my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis. As we can see that the pair is in descending channel and as per our analysis it will continue to go down till its support. One can take a sell trade and keep their TP near support area. Let...