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Eurgbp!

EURGBP H4 | Bullish Bounce?EURGBP is rising from a swing low support toward our take-profit target. Entry: 0.85664 Why we like it: There is a multi-swing-low support level. Stop Loss: 0.85665 Why we like it: There is the pullback support level Take Profit:0.85873 Why we like it: There is swing-high resistance level Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
EURGBP Will Go Up From Support! Long! Take a look at our analysis for EURGBP. Time Frame: 8h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 0.860. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.865 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
British Pound can correct to support line and then start to growHello traders, I want share with you my opinion about British Pound. By observing the chart, we can see that the price some time ago rebounded from the support line and made an upward impulse to 0.8765 points, thereby breaking the 0.8700 resistance level, which coincided with the seller zone. After this, the price rose a little more and then started to decline in a downward channel, where it in a short time fell to the 0.8700 level. EURGBP tried to rise, but failed and declined lower than 0.8700 level, breaking it again. After the breakout, the price some time traded near this level and then continued to move down to 0.8620 current resistance level. When the price fell to this level, it rebounded and tried to reach the resistacne line of the channel, but not long time ago British Pound around down and broke the 0.8620 level. Now it trades below and I think the price can decline to the support line and then rebound up to the resistance line of the downward channel, thereby breaking the resistance level. For this case, I set up my target at the 0.8635 level, which coincided with the support line. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
4
Eurgbp, more downside to come,*Fire in the Hole*! **Find out more from my Tradingview Stream this week** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Interested in following me and getting daily updated analysis? Like and follow me on Tradingview for fast updates! Thank you! ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
Short
by Shadowing_The_Big_Boys
EURGBP Will Go Lower! Short! Here is our detailed technical review for EURGBP. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 0.868. Taking into consideration the structure & trend analysis, I believe that the market will reach 0.866 level soon. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
Market Analysis: EUR/GBP Slides Below SupportEUR/GBP declined heavily below the 0.8720 and 0.8695 support levels. Important Takeaways for EUR/GBP Analysis Today · EUR/GBP is trading in a bearish zone below the 0.8720 pivot level. · There is a major bearish trend line forming with resistance near 0.8695 on the hourly chart at FXOpen. EUR/GBP Technical Analysis On the hourly chart of EUR/GBP at FXOpen, the pair started a major decline from well above 0.8745. The Euro traded below the 0.8720 and 0.8700 support levels against the British Pound. The EUR/GBP chart suggests that the pair even declined below the 0.8695 level and tested 0.8675. It is now consolidating losses and trading below the 50-hour simple moving average. The pair is now facing resistance near a major bearish trend line at 0.8695. It is close to the 23.6% Fib retracement level of the downward move from the 0.8765 swing high to the 0.8672 low. The next major resistance could be 0.8720. The 50% Fib retracement level of the downward move from the 0.8765 swing high to the 0.8672 low is also at 0.8720. A close above the 0.8720 level might accelerate gains. In the stated case, the bulls may perhaps aim for a test of 0.8745. Any more gains might send the pair toward the 0.8765 level. Immediate support sits near 0.8675. The next major support is near 0.8650. A downside break below the 0.8650 support might call for more downsides. In the stated case, the pair could drop toward the 0.8600 support level. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen