Eurgbpbearish
EURGBP 4H - End Of Uptrend?After a long Bullish moves, the uprise has stalled and slowed down. Price has start to create a Lower High and tried to break the Support (magenta zone) yesterday.
However, be cautious as the price can still go upwards. We merely trade WHAT WE SEE, but the market forces is beyond anyone's control.
EUR must weaken or GBP must strengthen in order for EURGBP to fall.
TAYOR.
KHALID HAMID
Bullish Exhaustion on EUR/GBP? I developed what I believe is a foreseeable resistance and Support Zone on the 4 hr chart. Using proper money management should allow you to with stand any more bullish spikes. I would keep stacking positions if this pair rises in the next 48 hours.
Remember to only risk 2% of your account per trade to make sure you're not completely taken out the game.
EURGBP Sellers are about to take controlBears are putting their last line of defence at the resistance level at 0.8845.
If the resistance level holds, a decline will occur in the short-term.
Meanwhile, the EUR/GBP currency pair is trading in a narrow ascending channel and expects a breakout.
Good luck guys!
EURGBP - Day TradeEUR/GBP failing to move up higher. We can expect a drop down on top of the 1H 200 EMA.
Not the best trade, but the odds are there. Keep an eye on it and enter when you have enough confirmation that it's going to go for the short.
Risk a very minimal amount on this trade as it's neither highly probable and only a 1:1 Risk:Reward ratio.
The move is not yet confirmed, but I'm putting this out there.
Trade safe.
EURGBP At Key Resistance A Head of UK DataTrade Background: Bearish Reversal
Price has returned back to major resistance level of the bearish channel. Where the sharp recovery in price resembles a V shape formation. Now that the week is almost over, we're going to see a massive amount of economic data coming out of UK in less than 3 hours! These data include Q1 GDP, Manufacturing data, Total business investment and Trade balance. Therefore, volatility is defiantly coming soon any GBP pair. If data comes out as positive, look for price to swing back to key support levels against the EUR.
Trade Idea:
Positioning: Short
Time frame: 4H chart
Length of Trade: 1 day to 1 week
Entry: Between .86200 to .86400.
Exit: .85100
#EURGBP Good opportunity The resistance line is placed at the aforementioned price because this is previous support that lasted from 18 April until 26 February until it broke and turned into a new resistance.Our recommendation is to sell because we are close to the resistance line, keep in mind that the eurgbp can also continue upward until the circle added to the picture above
Sell EURGBP:
Entry Price:0.8638
Stop Loss: 0.8685
Take Profit:0.8420
#EURGBP Analysis+signalThe line of resistance in the weekly chart above is a line that once supported and turned into resistance, as long as the price of the eurgbp does not break this resistance and we are relatively close to the resistance price, our signal will be a sell signal
Sell EURGBP:
Entry Price:0.8568
Take Profit:0.84
Stop Loss: 0.8645
EURGBP Trend Reversal PossibleEURGBP has been in tight range of 0.86500 and 0.84700 since 15 days. Price has created good support at this level which is important trendline support.Price is also near to 200EMA support which increase the probability of bullishness. I will wait for retracement after breakout of 0.86500....Will eneter the position at 0.86700 levels with the stoploss of 0.85400 for the target of 0.88000-0.89000.
#EURGBP Analysis+SignalOur recommendation is a sell recommendation for several reasons:
The eurgbp is currently in front of resistance (Support turned into resistance) And this is the third time he has tried to break and is not succeeding
And the other reasons, in short, are the downward trend, The Ichimoku indicator that all parameters indicate continued declines
Sell EURGBP:
Entry Price: 0.8634
Stop Loss: 0.8675
Take Profit:0.8510