EURGBP approaching resistance, look out for potential reversal!
EURGBP is approaching its resistance at 0.90249 where it is could reverse down to its support at 0.90016.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Eurgbpbearish
EUR/GBP Big Sell Opportunity!Good Afternoon Traders,
The Euro currently sits at a level imminent for a big drop with the potential returns of around 200-400 pips. The RSI currently indicates significant divergence and I believe the GBP will gain some momentum during the remainder of the year, boosting the strength of the GBP and driving the euro down (this can be seen by my analysis of the GBP) The impulse may come quickly and therefore it is key to find an ideal entry level and accommodate for a large stop loss.
Further updates to come.
Ike.
Next Key Levels for EUR/GBP Per Investing.comThe cross is receding 0.06% at 0.8978 and a break below 0.8948 (21-day SMA) would expose 0.8872 (low Jun.20) and then 0.8826 (low Jun.5). On the flip side, the next hurdle is located at 0.9010 (monthly high Jul.10) seconded by 0.9062 (low Jan.11) and finally 0.9092 (2019 high Jan.3).
FREE ANALYSIS ON EURGBP - MASSIVE FALL COMINGFREE ANALYSIS ON #EURGBP
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15 Min
Price just broke down my 100 WMA and 150 EMA. Price was rejected at the top trend line. MACD and Stoch RSI showing bearish divergence also.
1 HOUR
Buys still in the Market so be careful MACD & STOCh Rsi both showing bearish divergence. Price above all 3 MA's. Best to wait for break in black trend line
4 HOUR
We are in the sell region and price also forming a flag. Expecting drop soon. MACD again showing bearish divergence.
OVERALL
Bearish Outlook expecting the bearish momentum to continue
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FREE ANALYSIS ON EURGBP - BIG DROP COMINGFREE ANALYSIS ON EURGBP
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1 HOUR
This is more bearish. We could see some minor bearish move. Personally i am waiting for the bigger move down.
4 HOUR
Possible Ending diagonal forming. MACD and Stoch RSI both showing bearish divergence.
DAILY
Price Broke above all MA's. we are looking at a resistance level between 0.90100 and 0.90700. Watch out for break down. MACD & Stoch RSI both above the over bought level and turning down. Importantly Stoch RSI also showing a possible bearish hidden divergence.
OVERALL
Expecting a bullish move to unfold on this pair in the next week.
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Thanks for reading
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EURGBP approaching support, potential for a bounce!
EURGBP is expected to drop to 1st support at 0.88747 where it could potentially react off and up to 1st resistance at 0.89861.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURGBP approaching resistance, look out for potential reversal!EURGBP is approaching its resistance at 0.89817 where it is could reverse down to its support at 0.88602.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURGBP - SHORT - Ending Diagonal | Bearish Divergence | HarmonicEURGBP | Sell Orders | 500 pips Trade | June 2019
Market: FX Crosses | EURGBP
*Check the related ideas on this pair!
EURGBP has been labeled at the termination point of a larger degree corrective structure.
The next swing as the best interpretation would present itself as an abrupt and sustained bearish impulse.
Regardless if the Ending Diagonal would allow one more small leg upwards or not, the Reversal would most likely occur due to the present Bearish Divergence.
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