EURGBP bullish Monthly timeframe Hello everyone, eurgbp is targeting 1.0 incomming months, Monthly timeframe looks very bullish to me
Eurgbpforecast
EURGBP ANALYSISEUR/GBP remains within this downwards trend channel, its bearish bias remains in place.
EURGBP, Strong support becomes Strong Resistance, ShortEURGBP, Breakout Strong Support and already retested.. Price Action tells further below!
EURGBP ANALYSISEURGBP could extend the rebound to 0.89650 and 0.89900 . blue mark is the entry point.
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EURGBP TECHNICAL ANALYSIS: SHORT POSITION +70 PIPSEURGBP on my last analysis on the weekly chart, managed to break above the strong structure, so I'm personally looking for sell opportunities to enter in the market. The pair ranged between 0.89200 - 0.88680 and now was able to breakdown and is currently retesting the new resistance, if the resistance gets clearly rejected and we can see a possible down continuation i will open a sell position, until the formation of a new lower low.
EURGBP / LONGPrice has broken structure, we are awaiting a retest of the trendline before going long
EURGBP - Progress UpdateThe Alkaline Team took a trade-off the 4-hour order block after the support breakout, which landed us in smooth profits. We would like to see one final push up to target the liquidity above the resistance, let's see how things go at market open.
EURGBP Long SetupEURGBP has reacted nicely from a major support zone. We look for price action to enter here and aim for the key resistance level at the top.
EURGBP, Break out Strong Support, ShortEURGBP, Strong Support becomes Strong Resistance! Watch out Friends!
EURGBP TECHNICAL ANALYSIS; +200 PIPS MOVE WEEKLYOn the weekly chart the pair move in a range between 0.92230 and 0.88600, the resistance at 0.99230 hold perfectly and EURGBP didn't managed to form new highs, the support seems to be breaking and if we have the confirms that the support transforms into resistance (clear retest of key level: 0.88600 without breaking through) we might expect the formation of a bearish structure until 0.86780 key point.
EURGBP, Monthly Set up, Short EURGBP, Monthly Set up, Short! Price Rejection at the Strong Resistance Above!
EURGBP / LONG FX:EURGBP
S/L 0.88631 - T/P1 0.89474 - T/P2 0.90321 - T/P3 0.90823 - T/P4 0.91440 - T/P5 0.92097
EURGBP, tries to break the strong support, LongEURGBP, tries to break the support but the momentum is WEAK.
+ Oversold
+ The Momentum is weak
+ The price action tells further advance
EURGBP BUYSTOPeurgbp is consolidating and its in a correction move wait for the 3rd touch in small support area and take a buy order , as expected it will break impulsively and will give good profits ( I anlysed it for hours and its expected to move up according to my analysis ) MULTIPLE TIMEFRAME ANALYSIS
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FALCON STRATEGY
Game Plan #forexEUR/GBP has been in a range for months now but is starting to show some weakness on a near term basis. If we can close below the weekly range low the 0.8932 area and remain below the downtrend line then the next stop should be the lows from November 0.8850. Given all the headline news about COVID and the UK it would appear to be negative for the currency but price is telling a different story for now. We have also seen a pick in the rate of change to the downside which may also be a sign of more selling to come. If we clear the downtrend line to the upside then the short play would be invalidated.
