hello trader’s what do you think about Eurgbp)? The pound rose slightly on Friday as the dollar slipped while investors waited for data on the Federal Reserve's preferred gauge of inflation. Sterling GBPUSD was up 0.36% at $1.2736 and was set for a weekly gain of 0.45%. The euro EURUSD was down 0.26% against the pound at 86.55 pence. The pound has risen...
✅ EURGBP was able to make a Bump-and-Run Top Pattern . 🔨 EURGBP Broke the support line a few hours ago, and now it is on the Run phase of the Bump-and-Run Top Pattern. 🔔I expect the EURGBP will fall at least to the 🟢Support zone🟢 in the next hours. Euro/British Pound Analyze ( EURGBP ), 4-hour time frame ⏰. Do not forget to put Stop loss for your...
EURGBP has been able to form two reversal patterns in the daily time frame. The first pattern is the Ascending Broadening Wedge , in which the EURGBP has managed to break the lower line of this pattern. The second pattern is the Head and Shoulders Pattern , which was the first sign of the Ascending Broadening Wedge lower line breaking. 🔔I expect EURGBP to...
Hi everyone👋. EURGBP managed to form a Bullish AB=CD Harmonic pattern in the 🟢 support zone(0.874 GBP-0.8718 GBP) 🟢. 💡 Confirmation sign of point D of the bullish AB=CD Harmonic pattern: Forming a Three White Soldiers👩🚀👩🚀👩🚀 Candlestick Pattern . Regular Divergence(RD+) between points D and B. The StochRSI indicator shows us the end of...
EURGBP has attacked the resistance line several times, but it seems that the 💡sign💡 of the failure of this attack can be the formation of the Evening Star Candlestick Pattern on the resistance line and near the 🟡 Price Reversal Zone(PRZ) 🟡. I expect EURGBP to fall to the 🎯targets🎯 I specified in the chart; I also shared a short position with RR=2.28 with you,...
Long bias is down. So I like to Buy GBP against EURO for 2:1 profit
Next week is a big one for the pound, and by extension the EURGBP. Assuming there are no fundamental surprises in data I’m expecting the EURGBP to move lower. Analysing the volume and the divergences between the current price moves and indicators suggest that this recent move is beginning to run out of steam. That being said, I wouldn’t be surprised if the pair...
The number of unemployed people in the UK increase what means that other currencies have the change to be stronger than GBP. We can see an ascending channel, with a diagonal line making the support, and other one, the horizontal and it seems to be a support and in the past an old resistance. We could wait to see if the candles will cross the line 0.87658, or...
Euro/British Pound was able to make an Ascending Broadening Wedge Pattern. I expect Euro/British Pound will go down at least to the lower line of Ascending Broadening Wedge Pattern. We will have two scenarios when Euro/British Pound touches the lower line(everything is transparent in my chart). 🔅Euro/British Pound Analyze (EURGBP) Daily Timeframe ⏰. Do not...
EURGBP short, with the famous double top, struggling to break resistance then followed previous market history with a drop.
Price is consolidating and testing 50ma and 200ma which is very possible the price can be bullish any moment, also alot of pullbacks from the support level, we could see more strong bullish candles with strong impulse. Our initial target is 0.8701 but I think there will be less chance of bearish movement in long run and the price could hit 0.885 Good luck...
Euro (EUR) / Great British Pound (GBP) 1H Time Frame GREEN ARROW up towards 0.85054 down towards 0.84792 back up towards 0.85400 RED ARROW down towards 0.84586 up towards 0.84998 back down to around 0.84546 then should turn around and head back in its bullish direction THIS IS NOT FINANCIAL ADVICE If you have any questions or opinions about my analysis...
if you want a better RRR you can wait for a retracement...but don't count on it :)
After our previous WINNING trade , there is a new opportunity to going short . Fibo Analysis . Check the Links on BIO and If you LIKE this analysis, Please support our page by hitting the LIKE 👍 button Traders, if you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this. Feel free to request any...
It is obvious that the bullish trend line is broke and we speculate a bear market for EUR/GBP to its last support zone which is shown on the chart. We must take this in account that this analysis is came from our attitude towards the market and its not a 100% fact,its just a speculation! We always set stop losses for our trades.
The bulls quickly took the EUR/GBP pair higher from a big support area (around 0.8550) on the four-hour chart above, taking it back to a fast bearish reversal point from last week (0.8635). If the data disappoints in general, the bearish technical signal may trigger a short-term bearish reaction on EUR/GBP. With a regular ATR of about 50 pips, a switch from...
As long as the price is above the support 0.88600 it is very possible to see the continuation of the bullish move. BUT, if the price goes down below this line, then it is better to get ready for sell trades. Well that's what I think.