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Eurgbpanalysis

EURGBP Slow moving but likely to fall to supportWelcome back! Let me know your thoughts in the comments! **EURGBP - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Short
by BKTradingAcademy
17
EurGbp could resume its up moveAfter reaching a high near 0.93, EurGbp fell strongly with a drop of 600 pips in just a week. After this drop, the pair started to consolidate and although it made some new local lows, these are marginal and the pair is contained in a falling wedge pattern. At this moment the price is trading in falling trend line resistance which is also confluent with the horizontal resistance at the 0.87 zone. As long as the recent low is intact, I favor gains and the previous high can be the bull's target.
Long
by Mihai_Iacob
7
EURGBP - FUNDAMENTAL AND TECHNICAL VIEW#EURGBP - Currently the MARKET SENTIMENT for EURGBP is slightly on the DOWN SIDE. The main reason for that is the NEGATIVE RISK SENTIMENT for EUR. And we can mention the BOE intervention. The reason for NEGATIVE SENTIMENT in EUR is USD SELL. All MARKETS including STOCKS are UP due to MARKET RISK being ON. It affects the EUR in a big way. - EURGBP can definitely go up to the SUPPORT LEVEL below. EUR may be slightly WEAK due to USD STRONG at the moment. According to that, EURGBP can rise slightly up to 0.8900 LEVEL. And after that EURGBP can be SELL to 0.8352 LEVEL.
by benny_marshall
1
Looking to SELL EURGBP Today !!Last week the EURGBP broke out of a weekly resistance area and closed thee week well above it , the pair has also been on an 8 week up leg which looks to be targeting the weekly SUPPLY/SELL zone that starts around 0.89 before we hit that i expect a small pull back down towards the resistance that was broken last week. So today I will be looking to SELL this pair on the first 30 minute SELL signal my indicator gives and targeting the previous resistance and the newly created daily DEMAND/ZONE that was the origin of the move that broke the resistance at 0.8650 my stop will be just above 0.88.
Short
by TheFxAce