Eurgbpforecast
EUR/GBP, idea for a short tradeEUR/GBP closed below the key level on Friday, which for me is a bearish sign. I remain bearish on this pair until we are below the area on daily closing basis
EUR/GBP, price should hit the key levelEUR/GBP is very bearish and I think we will stay in this scenario until key level is hit.
EURGBP Forecast 26/may/2020Hi,
i am expecting USDCAD to go short for 200 pips as you can see i have made my analyses. thank you
EUR/GBP, next impulse to the upside should occurEUR/GBP broke the consolidation area and right now it is retesting it as new support. I expect the price to push up and generate new hourly highs.
EUR/GBP, price should at least re-highAs EUR/GBP is still in an uptrend, I am considering this as very beautiful buying opportunity with low risk and big potential profit.,
Which way for EUR/GBP - can it break the channel?Since early April EUR/GBP has been stuck in a 200 pip channel. Currently price is pushing the upper line of the channel and this week we saw WR1 pivot taken out and price reaching WR2. RSI readings on all time frames are over 60 other than D1 (58) and M15 is reading 70. The Daily R1 pivot is at .8873 which is 10 pips from where we are now. GBP is generally BEARISH but EUR is drifting sideways rather than pushing higher.
Difficult to call the direction on where we might be headed next. German Prelim. GDP hit target so no clues there. So far the channal is holding but I suspect we could be headed lower from these levels for a retest of the bottom channel. I'm looking for SHORT trades only as there seems little mileage in LONG trades. A shift in sentiment favouring the GBP could see a nice SHORT trade - lets wait and see.
EURGBP has LONG Potential trading above 0.8848/ 0.88511Note: Idea is to complement your research.
Check comments section for future updates on idea.
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Thank you and Happy trading.
EUR/GBP, expect Retracement from the Key LevelNice trading opportunity for sell entry. 0.88140 Level should be hit as previous support now turned resistance before further up-price.
EUR/GBP in a flag - which way will it break? SHORT is my guessSince the end of March, EURGBP has been locked in a 180 pip range flag. We've just seen the top of this flag rejected and with WR1 pivot in this area it seems unlikely that we'll see price move higher any time soon.
I'm in SHORt at the top of the flag at .8800 with a 20 pip STOP. We should see a move down to the bottom of the flag now at .8700 area. If this level is tested and fails then we could see a large move south as there's little support if price breaks .8660. One to watch.
EURGBP - DAILY CHART - BUY SETUPEurgbp - Daily chart - I see price bouncing from a daily demand zone so looking to take longs on retests of hourly demand zones.
EURGBP, BUY on H4- Previous level of resistance broken
- Above resistance
- High Bullish pressure
- after complete 50 or 61.8% retracement
- wait for confirmation
=> BUY
EURGBP: Bullish Technicals and Fundamentals 4H (Apr. 21)X FORCE GLOBAL ANALYSIS:
In this analysis, we explore the bullish probabilities of EUR/GBP based on the bullish evidence suggested by technicals and fundamentals.
Technicals
- We have seen a breakout from the bullish falling wedge pattern
- After Elliott Triangle Wave (ABCDE) counts to Wave E, we formed a double bottom
- The Relative Strength Index (RSI) shows higher lows, as a sign of trend strength
- The Moving Average Convergence Divergence (MACD), despite not showing tremendous momentum, shows an uptrend
Fundamentals
- The United Kingdom runs a large current account deficit, which makes the pound vulnerable as capital flows faded at the height of the Corona Virus (Covid-19) driven risk sell-off
- GBP remains fundamentally undervalued with a significant Brexit discount still attached
- With the COVID-19, both the EU and the UK have been preoccupied with issues other than Brexit trade agreement talks; this increases the risk of a big negative UK trade shock in 2021
What We Believe
We believe in a higher probability for a further bullish rally for EUR/GBP based on the bullish technicals and fundamentals
Trade Safe.
EURGBP Market Outlook | Daily Forex Market BreakdownEURGBP
Bears look to be in control for the time being. I believe we will be seeing pound strength. Looks like we’re retesting support I believe support will get taken out before we start climbing back to the upside. My downside targets around .8600
EUR/GBP, don't miss this opportunity for LongEUR/GBP is still bearish, so we can't be looking for any Long for now. If we saw a false breakout of highlighted horizontal Mirror Level, we'd be looking for a nice buy in case price action speaks a bullish language.
EURGBP possible BUYGood opportunity to buy #EURGBP.
Price makes a good Elliot Wave pattern. Now touched the 61% of Fibo.
Let's wait for it to break the trendline to enter Long
SL 0.85880
TP 0.89731
BANK HOLIDAY MONDAY SHORT - SHORT EURGBP - Look out below !!!!!!With GBP strengthening across the board, this looks a banker SELL trade. With WS1 just below this will be a magnet for EUR/GBP BEARS. I'm LONG GBP/USD (already analysed and posted) and am looking to see a similar move in the opposite direction on this pair. WS1 will offer support but I'm targeting WS2 at .8640 so IO'm in at .8753 with a STOP at .8788 and a target of .8640.
LOOK OUT BELOW!!!!! - EURGBP crashing down SELL at marketGBP is strengthening across the board this bank holiday Monday and GBPUSD LONG is looking good (i've already analysed this) and EURGBP looks a standout SHORT trade.
My specialist indicator is strongly suggesting a SHORT/SELL trade on this pair with S1 resistance below which will be a target for BEARS. I think this level may go so I'm targeting .8640.
I'm in at .8753 with a STOP at .8788. WS1 at .8710 will support so expect a bounce but these's so much bearish pressure .8500 is not out of the range of the BEARS .
EUR/GBP, we can see a Bullish movement this weekThe British Pound showed us weakness in the past few days. We expect the price to bounce and make pullback at least to the 0.90000 area, where the price can find some resistance.
