EURGBP - Turning Bearish- EURGBP is currently at its peak of uptrend. - Price has made a double top with exaggerated divergence. - Possible reversal entry at break of the neckline. - Price is projected to go down to 0.85993.Shortby AnalytixEdgeByQasimUpdated 1
EUR/GBP buy forecast EUR/GBP buy forecast. We have all the confirmations to start looking for long position Longby Panos_Markopoulos222
EurGbpThe picture is bullish. Analysis name : Euro-Sterling Last close : 0.79060 0.78680 Last status id : none Last status text : Trading range. Current date : 2008-06-04 05:51:09 Current title : Direct rise. Current directionnal id : up Current directionnal text : Bullish Current reward id : good Current reward text : Good Current abstract text : The picture is bullish. Current strategy text : We buy. Current scenario preference : Buy at 0.7860 to play 0.7930. Close the trade whenever 0.7830 is penetrated. Signal :0.7860 Conf. :0 Target :0.7930 Stop :0.7830Longby KhalilKarimii0
EURGBP Will Grow! Buy! Take a look at our analysis for EURGBP. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 0.858. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.860 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProvider112
EURGBP - Ready for Acceleration Fundamental Analysis German PMI climbed to 42.2, slightly below the expected 42.8 ECB has signaled that it will start to lower interest rates in June UK PMI also miss the expectation Technical Analysis On chart D, price reacts at 0.85824, showing strong support at this price zone (resistance was broken before). An increasing trend gradually forms If price continues to break SMA200, at 0.8600, an uptrend will be formed. On 4H chart, strong support at 0.85555 , also SMA 200 on 4H, create a strong supply zone. A fall to this support will stimulate buyer into the marketLongby EasyTradingOnline1
EurGBP IdeaThis is the current situation of EURGBP. We can look for LTF confirmation before LONG entry at OrderFlow Zone and if it fails to give any confirmation, we may look for confirmation at Extreme POI but if it fails to give valid confirmation then we may wait for sweep of Liquidity at Major Low. I analysed Eurgbp Market as Bullish on Daily time-frame because it does not broken below the Major Low on Daily and respcted the OrderBlock.Longby Sikandarkoree1292
EURGBP LONG TERM Buying TRADING IDEAHello Traders In This Chart EURGBP HOURLY Forex Forecast By FOREX PLANET today EURGBP analysis 👆 🟢This Chart includes_ (EURGBP market update) 🟢What is The Next Opportunity on EURGBP Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the ChartLongby ForexMasters20002
EURGBP - SellEURGBP is in a downtrend after a big bullish move. The previous trend has been broken and the next support level is down at around 0.8571 so we can see a downward move towrd the TP1 if price breaksdown the previous LL. There is no Divergance on RSI to indicate a change in trend. The trade plan is based on simple DOW Theory and RR for TP1 is 1:1 and 1:2 for TP2. Shortby oyekhattak0
24-04-2024 _ Short Term Bullish Idea _ EURGBP H41- Bullish trending pattern. 2- 50% Fibonacci retracement. 3- Strong bullish candle. 4- Hidden Divergence on MACD indicator. (suggesting a move UP) Trade plan as shown on the chart. Longby ansfar6
EUR-GBP Long From Support! Buy! Hello,Traders! EUR-GBP is going down Now but a strong horizontal Support is ahead at 0.8579 So after the retest we think The pair will make a rebound And will go up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!Longby TopTradingSignals116
EURGBP intraday long Idea not advice Held zone through Asia and London Change of structure Probably needs juice if it wants to push downside Higher time frame bullish Godspeed in your trading y'all. Longby DvnielTradingUpdated 223
one hour analysis to my dailly idea on eurgbp longone hour analysis to my dailly idea on eurgbp long. here u can see the wave 1 up from c and the a wave down from wave 2. up for b to the box. down for c to the lower box and then up fro wave 3by desmetjan52
eurgbp dailly long ideadailly correction started for a wave c. From what i see we had on the dailly chart allready an A wave up, a b wave down and now we started the c-wave with a starting diagonal for a wave 1 from c. we had the a-wave down for the wave 2 from c and now going up for b from wave 2. after a wave c to complete the wave 2 down and then we can start the wave 3 up from the bigger wave cLongby desmetjan51
EURGBP 30MINEURGBP 30MIN R:R = 4 RBD ZONE : This zone is calculated by supply and demand method Shortby amirprvf0
DeGRAM | EURGBP back into the uptrend channelEURGBP has returned to the ascending channel. The AB=CD pattern has worked out a reversal of the movement. The chart reached the resistance level. We think that the price may correct to the support, which coincides with the 38.2% retracement level. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!Shortby DeGRAMUpdated 115
EURGBP : Long Trade , 4hHello traders, we want to check the EURGBP chart. After breaking the channel and a strong upward movement, the price is making a correction to a key level. We expect this level to play the role of a support level and the price will maintain its upward trend and grow to around 0.86400. Good luck.Longby mrAT_Trader2
change the trend It is expected that after the completion of the corrective pattern at the support levels, a trend change will be formed and the upward trend will continue. As long as the price fluctuates above the green support range, a trend change and the start of an upward trend will be likelyLongby STPFOREX0
EURGBP increased at the beginning of the week but has reversedEURGBP rallied earlier in the week but reversed its course on Thursday after failing to clear trendline resistance at 0.8570, with prices dropping towards the 50-day simple moving average at 0.8550. The pair is likely to stabilize around current levels before mounting a comeback, but in the event of a breakdown, a dip towards 0.8520 and potentially 0.8500 could be around the corner. Alternatively, if bulls manage to reassert dominance and push the exchange rate higher, resistance emerges at 0.8570 as mentioned before. Breaking through this technical obstacle could set the stage for a surge toward the 200-day simple moving average near the 0.8600 handle.by Xayah_tradingUpdated 2
EURGBP Double Top Trend ReversalTrade #1 Entry Level: 0.86216 Stop Loss: 0.86449 Take Profit: 0.85964 Risk to Reward Ratio: 1:1 Trade #2 Entry Level: 0.86216 Stop Loss: 0.86449 Take Profit: 0.85713 Risk to Reward Ratio: 1:2 by Thrifttrader890
EURGBPthe EURGBP forex rate, the EUR is the base currency, while the GBP is the quote currency. This means that at any given time, the price of EURGBP pair represents the amount of British pound sterling it would take to exchange for one euro.Longby HavalMamar0
Swing Long for EURGBPPrice has reached a major support level, so I'm going long from here. Target is 0.8618Longby CJBlueNortherUpdated 8
Euro pound shortThe Euro pound shows potential temporary bullish run to the upside to significant levels before continuing the bearish trend to the downside.Shortby ThePinnacleTrader3
EURGBP potential for a pullback Risky but calculated potential long for EURGBP. As previously stated, this pair has been ranging between (circa) 87.50 and 85.00 since May of 23’. It would appear that the pair may have entered a potential bearish channel (yellow) from September 23’ to present. Within this bearish channel the price has been moving within a bullish descending wedge (white). It seems we have now reached the confluence point between the lower end of the wedge, the bottom of the trend channel and a major support zone for the current range (grey). It is for this reason I think there is a strong argument for buying this pair in anticipation for a pullback in price to the upper limits of the bearish channel. The main reasons I would categorise this trade as risky is because both the ECB AND BoE have refused all attempts at discussing an appropriate timeline for a rate reduction, although the ECB was more clear and firm stating that’s it’s still too early to discuss a reduction. In contrast the BoE was slightly more Dovish regarding rates which may pose a problem for sterling in the near future. The lack of guidance from both institutions has left markets speculating. Two votes for a rate rise wasn’t all that surprising but with a member voting for a reduction for the first time since these hikes began it could signal policy direction in the near future. Moreover, mortgage providers in the uk surprisingly reduced rates on some mortgage products yesterday which could further signal an industry wide expectation that we have reached the terminal rate. On a technical side note, the price has very recently broken a historic and well respected rising trend line (green) which goes back to July 2015. So you can see it yourself, the respective test dates are as follows; July 15’ Nov 15’ March 22’ April 22’ August 22’ July 23’ August 23’ September 23’ Dec 23’ This most recent move (January 24’) may be quite significant as it is the only significant break past this line since it formed 8 years ago this summer. The question on my mind, is it a breakout or fake-out? I guess time will tell but if it is the former then I would perhaps look to see a pullback in price prior to continuing its bearish trend, which adds further legitimacy to the overall support for a cautious long. To further support this idea, moderate divergences can be seen in price action and the indicators shown. As such, I entered a long position at 85.23 but placed a TP at 85.63 (previous high) due to this weeks news… which was unknown at the time. I have since entered again at 85.22 with a view to scale in my positions as/if the price drops. As always, I will be securing my capital in the form of appropriately placed hedged positions. The details of S/L and T/P are placed at your own discretion. What do you guys think? Happy trading!Longby jamesfrench73Updated 228