EURGBP 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...
EUR/GBP rose unusually on Friday as risks of a broader conflict between Israel and Iran eased. In addition, it is seen that inflation will decrease sharply to the target level in the coming months, sending a dovish signal to the market. The bank needs to remain restrained in its policy stance. However, he echoed Ramsden's comments by saying that the committee is...
Trade #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
the 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.
Price has reached a major support level, so I'm going long from here. Target is 0.8618
The Euro pound shows potential temporary bullish run to the upside to significant levels before continuing the bearish trend to the downside.
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...
Waiting for a new higher low retest above recent lower high (0.85703), near Fibonacci zone of 0.50 and 0.618 where high probability set-up's occur. The recent breakout could also be a sign of a trend reversal as confirmed by a bullish pennant chart pattern.
Hello traders! ‼️ This is my perspective on EURGBP. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look only for long position. My point of interest is if price continue the retracement to fill that huge imbalance lower and then rejects from bullish order block. Like, comment and subscribe to be in touch with my...
Hello traders, I want share with you my opinion about British Pound. By observing the chart, we can see that the price a not long time ago started to decline inside the downward channel, where it first rebounded from the support line and rose to the channel's resistance line. But after this, EURGBP bounced from this line too and continued to decline in the channel...
The move to the upside was made, now the move towards the downside will be a movie...
Yesterday I SHORTED this pair from just below the WR1 pivot. There was French and German Flash Manufacturing & Service PMI this morning so I banked the profit and waited to see what the print was. All releases came out in green numbers and inevitably this gave a boost to the EUR. Key now was the realease of the same data out of the UK. This too came out in green...
EUR/GBP Fundamental and Technical Analysis The EUR/GBP pair experienced a bout of volatility following the release of mixed UK PMI data on Tuesday. The market’s reaction was a blend of anticipation and caution as investors digested the implications of the economic indicators. Mixed Signals from the UK The UK’s Purchasing Managers’ Index (PMI) data presented a...
Since the middle of last week we have seen all GB P pairs selling off. GBP/JPY was a gift of a week last week for traders as price repeatedly hit areas of resistance only for GBP/JPY BEARS to push the price south. Every trading day last week the price of GBP/JPY hit the WR1 pivot and retreated and the WR1 and WS1 pivots are key to my trading as you can plot these...
Pulse to the upside has retraced over Fib (0.318) level and broke back the Fib (0) level. Direct close on the Fib counts as a direct entry. Not waiting for a break and retest
The pound tanking, I see a potential short - mid term gains for the EURGBP upto 0.8630/0.8640 - 0.8650. I expect to see some sort of retracement before sailing to targets 0.8630-40 in the short term. So on the look out for pullbacks during intra-day sessions.
EURGBP appears poised for a bullish surge. The setup is straightforward: anticipate a breakout followed by a retest of the support level, where rejection is expected before an upward movement ensues. Follow risk management
On EUR/GBP, it's nice to see a strong buying reaction at the price of 0.85659. There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again. The S/R zone from...