Eurgbp!
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.
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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
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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.
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WISH YOU ALL LUCK
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.
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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.
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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.
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EURGBP: Bullish Continuation & Long Trade
EURGBP
- Classic bullish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Buy EURGBP
Entry - 0.8714
Stop - 0.8770
Take - 0.8739
Our Risk - 1%
Start protection of your profits from lower levels
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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)
EURGBP Technical Analysis! BUY!
My dear subscribers,
This is my opinion on the EURGBP next move:
The instrument tests an important psychological level 0.8731
Bias -Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 0.8746
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
TradePlus-Fx|EURUSD: short-term view💬 Description: The level of 1.08530 was quite well processed by buyers, and it seemed that one could only look long, however, there are a couple of nuances that say that most likely there will be another correction ahead of this long. The purpose of this correction will most likely be to gain additional position by a big player. And the reason for this is the rather considerable purchases of the US dollar on Friday, which it is unlikely that a big limit player will want to carry out the entire upcoming growth.
Entry points for shorts already exist at current levels, and one can already actively look at shorts. The first target is, of course, the level 1.08530 . Then, with a high degree of probability, there will be a false takeout, that is, the price will go below the specified level. It is unlikely that the instrument will go too deep down towards the level of 1.06745 . Around the level of 1.07500, we can expect an upward reversal.
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TradePlus-Fx|GBPUSD: mid-term reversal💬 Description: The medium-term reversal in GBPUSD is gaining momentum, we can already confirm this fact and now adhere to a more BUY priority. At the moment, we are expecting a culmination of buy orders, which will most likely occur first at sellers’ stop losses, and after market buy orders.
We do not rule out a false breakout in order to disembark extra buyers. Within the next week, the instrument will most likely record its new local maximum, after which it will begin a downward correction.
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TradePlus-Fx|EURUSD: high update💬 Description: The American currency continues to weaken after yesterday's inflation data. The momentary strengthening of the USD on the release of data on retail sales will most likely end very soon, and a new local maximum should be expected.
It should be noted that the instrument has accumulated a large number of sellers who are precisely capable of realizing another upward impulse. We don’t place a stop loss too far, but rather choose a technical stop loss beyond the local minimum.
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EURGBP Long Term Buying Trading IdeaHello Traders
In This Chart Forex ForecastEURGBP DAY By FOREX PLANET
today EURGBP analysis 👆
🟢This Chart includes_ (EURGBP market update)
🟢What is The Next Opportunity on EURGBP Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts.
Strifor || EURUSD-17/11/2023Preferred direction: BUY
Comment: Buy-priority for the currency pair is maintained. Today there was an attempt to break up, but limit orders held back buyers, and most likely, the next attempt to go up should be expected on Friday. In the worst case, growth is expected at the beginning of next week.
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