Please, check our technical outlook for EURGBP. Time Frame: 3h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 0.859. Considering the today's price action, probabilities will be high to see a movement to 0.857. P.S Overbought describes a period of time where there has been...
Preferred direction: SELL Comment: Previous targets for short gold were completely closed with profit. However, the downside potential still relevant. The level of 2000 , at which the metal is currently trading, will most likely be broken down soon. Market buyers are still unable to move the price up. Therefore, most likely, this crowd of purchases will be...
Preferred direction: SELL Comment: The pound remains the focus of sales. Despite a good attempt at recovery yesterday after the publication of economic data, the pound does not have technical and fundamental factors for growth. Therefore, most likely, the end of this week will also take place within the framework of the strengthening of the US dollar....
Preferred direction: SELL Comment: Previous trading ideas for shorting the euro work well. Despite the good way down we have already made, we continue to adhere to sell priority. We are patiently waiting for a move towards the main target at the level of 1.07000 . Entry points for short-term trades are still relevant today. One can use a small stop loss of...
Sell Entry:038580 (Now) Stop: 0.85929 TP: 0.85552 (RR = 2)
EUR/GBP declined steadily below the 0.8585 and 0.8570 support levels. Important Takeaways for EUR/GBP Analysis Today EUR/GBP is trading in a bearish zone below the 0.8585 pivot level. There is a connecting bearish trend line forming with resistance near 0.8570 on the hourly chart at FXOpen. EUR/GBP Technical Analysis On the hourly chart of EUR/GBP...
EUR/GBP is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 0.85712 which is a pullback support. Stop loss is at 0.85400 which is a level that sits under a pullback support. Take profit is at 0.86171 which is a pullback resistance that aligns close to the 38.2% Fibonacci retracement level. High...
Hello traders, I want share with you my opinion about British Pound. Looking at the chart, we can see how the price a few days ago started to trades in an upward channel, where it first some time traded near the 0.8570 support level, which coincided with the buyer zone and then bounced up. After this, the price made a correction to the support line, and then it at...
Take a look at our analysis for EURGBP. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 0.865. Taking into consideration the structure & trend analysis, I believe that the market will reach 0.860 level soon. P.S Please, note that an oversold/overbought...
EUR/GBP is rising towards a pullback resistance and could potentially reverse off this level to drop towards our take-profit target. Entry: 0.86158 Why we like it: There is a pullback resistance level Stop Loss: 0.86395 Why we like it: There is a pullback resistance that aligns with the 50.0% Fibonacci retracement level Take Profit: 0.85710 Why we like...
EURGBP looks like a buy/long from here touching the main support trendline and seems to be ready for a full reversal for the next few weeks. I advise proper risk management with proper risk/reward size you are seeking. I have posted below the inputs for entry, TP, and SL numbers. I will continue to update and start providing full breakdown analysis on these...
Preferred direction: SELL Comment: The previous week passed within the framework of accumulation and the situation with the main instruments basically did not change. Thus, we continue to adhere to selling priority for the Euro . At the moment, two scenarios are active, stop-loss is placed closer to 1.11000 . The nearest target for the fall is the level of ...
My dear friends, EURGBP looks like it will make a good move, and here are the details: The market is trading on 0.8573 pivot level. Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 0.8609 Recommended Stop Loss - 0.8555 About Used...
Upon bad inflation results, the price of EURGBP might retrace once more to the 0.85 levels soon, I believe
Hey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.85800 zone, EURGBP did broke up the 0.85800 support are and now we are watching a potential retest of that low. Trade safe, Joe.
Hello Traders, here is the full analysis. I think EURGBP will bounce off next support and grab liquidity to rally up to 0.87... zone. GOOD LUCK! Great BUY opportunity EURGBP I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your...
My dear friends, EURGBP looks like it will make a good move, and here are the details: The market is trading on 0.8583 pivot level. Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 0.8613 Recommended Stop Loss - 0.8568 About Used...
I am taking this long scalp trade. I see a bullish divergence on H1 and H4 tf. Actually is trying to break out from H1 trendline, if it can retest it and hold, we could see the target reached in some hours. I reccomend to put stoploss at break even if we get at least 15 pips of profit