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Eurgbpforecast

EIURGBP to continue the rally?We saw EURGBP rally all the way from 0.8860 to 0.9270. Will it continue the rally? For now, we saw price retrace all the way down to 50% before starting to push higher and break above the mini S/R area it formed at 0.9120. As price currently sits above that level and under a descending trendline, we are awaiting a break of that trendline followed up by a Corrective Pattern before entering a long position on this. As we also support GBP weakness, and are short on most GBPXXX, that confluences nicely on EURGBP as well.
Long
by Faizxn_ah
EUR / GBP | Are we going to see 0.9798 the all time high of 2008EUR/GBP | Bearish move after restest? Are we going to see 0.9798 the all time high of 2008 on breakout of the 0.9500 ? Well, EUR/GBP lost upside momentum after hitting 0.9289 and now its consolidating which means it remains above 0.90686 we might see another move to the upside. Breakout of 0.9289 can resume upside move. Based on what we have already, the next target is 0.89109 . Thought we may retest the upside first which may show a false breakout. Let's watch... #JustTradeFxOnline Thanks for your love and support. Don’t forget to like and comment for more.
Short
by Hosi-Khulu
EURGBP SHORT PRICE ACTION FORECAST In the realm of D1, the price action has shown rejection from a strong psychological resistance level, where it could signal the reversal in the price action and downward movement. Currently forming an indecision candle bar, expecting the retest of the previously broken support level from the consolidation to downtrend continuation. The order: Type: sell-limit S/L: 43 pips - R:R | 1:4 - T/P: previous supply zone -- *** If you like the idea, don't be shy, click on like and comment. If you disagree, just comment ;-) | Thanks for your support!!! ***
Short
by OGFXTRADER
EURGBP, 4hr tf, buy on ichimoku + parabolic SAR confirmation Hello my friends, Another setup for today is EURGBP pairs. As usual, i only take trade after all my needed confirmations are met. 1st confirmation is price above the kumo cloud 2nd confirmation is kumo is green colored 3rd confirmation is parabolic SAR switched to below the price indicating buy pressure I am gonna buy EURGBP after it retrace a bit for a better RR ratio Buy EUGBP 0.9130 Stop loss 0.9070 Take profit 1 @0.9190 Take profit 2 @0.9250 RR ratio is 1 : 2 Use only 1-2% risk Good luck
Long
by HayatoDragonFX
EURGBP is waiting for a upside breakoutEURGBP On political front the cable has loses some earlier gain against its counterpart Euro. Though the selling of Euro has happened due to the overbought condition on many euro pairs such is EURUSD, EURJPY, EURCAD This pair is currently trading at the upside trend line resistance. Once this tree broken we can buy this pair up to 0.90800 which is a previous month high and the low liquidity zone where the buyers will close their buy positions and will wait for the short term bearish correction The price is trading zone the 50,100 Exponential moving average and 200 EMA is currently acting as resistance for the bull At 0.89600 level we can see a inverted hammer candle and a bullish engulfing candle which is a confirmation of further bullish trend On longer time frame the price is thrust above the 50% Fibonacci retracement level. At 0.90800 the minor trend line resistance will be formed. An this is the thin volume area 0.90000 is a major psychological level will act as a resistance too Please give us a thumbs up if u like our work and do follow us so that you can get a regular update about upcoming setups and ideas
Long
by forexorbit
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