D-EUR
EUR/GBP IDEAHello traders,
We have very good opportunity to look carefully to this currency pair.
We have:
+ Monthly candle going down
+ Weekly candle going down
+ Daily closing support zone
+ Minimal stop loss for idea
+ Bearish crowd
What we can do? - Wait for daily candle closure.
Thanks for watching, please comment and like my video.
EURGBP facing bearish pressure | 19 Mar 2021EURGBP is facing bearish pressure from 1st resistance which coincides with 50% Fibonacci extension and 78.6% Fibonacci retracement. Prices might push towards 1st support which coincides with -27.2% Fibonacci retracement and 127.2% Fibonacci extension. If prices break through 1st resistance, prices might push up towards 2nd resistance which coincides with 78.6% Fibonacci retracement and 78.6% Fibonacci extension. Ichimoku cloud is also above prices, showing a further bearish pressure for prices.
EURJPY facing bullish pressure, potential for further upside!EURJPY is currently facing bullish pressure from 1st support level which coincides with 61.8% fibonacci retracement. Prices might push up towards 1st resistance which coincides with 61.8% fibonacci extension and 127.2% fibonacci retracement. If prices fall through 1st support level, prices might pullback to 2nd support which coincides with 61.8% fibonacci extension and 50% fibonacci extension. EMA is also below prices, signalling a bullish pressure on prices.