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Eurgbp!

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
EURGBP Is Bullish! Long! Here is our detailed technical review for EURGBP. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 0.869. Considering the today's price action, probabilities will be high to see a movement to 0.875. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
EURGBP H4 | Potential bullish reversalEURGBP is falling towards a pullback support and could potentially bounce off this level to rise towards our take-profit target. Entry: 0.86887 Why we like it: There is a pullback support level Stop Loss: 0.86604 Why we like it: There is a pullback support that lies underneath the 127.2% Fibonacci extension level Take Profit: 0.87251 Why we like it: There is a pullback 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 Set To Grow! BUY! My dear followers, This is my opinion on the EURGBP next move: The asset is approaching an important pivot point 0.8694 Bias - Bullish Safe Stop Loss - 0.8681 Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 0.8725 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
2
EURGBP - Price can rise a little and then bounce down to $0.8665Hi guys, this is my overview for EURGBP, feel free to check it and write your feedback in comments👊 After price entered to rising channel, it reached $0.8720 resistance level, which coincided with resistance area. Price broke this level and rose to resistance line of channel, but soon it bounced below $0.8720 level to support line, exiting from channel. Later British Pound bounced from support line and made upward impulse to $0.8765 points, breaking $0.8720 level again. But then, price started to decline in falling channel, where it broke support line and fell below resistance level. British Pound tried to back up, but failed and now trades near support line of falling channel, so I think it can rise a little. Then price can continue to decline to $0.8665 support line of channel. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
Strifor || USDJPY-21/11/2023Preferred direction: SELL Comment: The Japanese yen also performed well, and it was shorts on this pair that allowed us to close the target on the previous trading idea. Now the bearish mood remains and in the near future the long-awaited level of 147.801 is expected to be touched. Near this level, especially below it, there is immediately quite impressive liquidity, which can show itself in any way, and we will know this only after touching it. The main scenario assumes that we will approach this level almost without obstacles and test the area below it. The second scenario, less likely, is that the price will pause a little before reaching the specified level, but even in this case, it is expected to fall to the same target. Thank you for like and share your views!
Short
by Viktor_strifor_analyst
10
Strifor || EURUSD-21/11/2023Preferred direction: SELL Comment: The euro worked out exactly our previous long scenario. At the moment, the growth is most likely exhausted in the short term and a pullback is expected. The rollback is expected to be towards the nearest support at 1.07750. This is the main scenario. The second scenario assumes that buyers will be able to gain a foothold at current levels, which is unlikely, of course. However, we cannot completely rule out this scenario. Both variants are indicated on the chart. Thank you for like and share your views!
Short
by Viktor_strifor_analyst
6
Rising Support HOLD or BREAK?! - EGHere I have EUR/GBP on the 4 Hr Chart which has been CLEARLY using this Rising Support as a means to continue higher! With the First Test on Aug. 23rd, there have been 4 more tests on the Rising Support with the 4th and 5th tests failing to keep Prices Higher than the High created after the 3rd Test! Not to mention the time taken between bounce 4 and 5 is much less than bounces given from 1st-3rd. The 200 EMA has started to dip under the supposed Rising Support and is in position for Price to test the Rising Support again! This leads me to believe EUR may be weakening so my bias on this pair is BEARISH! -BUT- What will the 6th bounce provide?! HOLD or BREAK?! Fundamentally This Week: EUR - Financial Stability Review (Wed), French, German & Flash PMI (Thur), Retail Sales (Fri) GBP - Autumn Forecast (Wed), Flash PMI (Thur)
Short
by Novi_Fibonacci