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.
Eurgbpforecast
#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
EURGBP Analysis+SignalWe added the Fibonacci Retracement to the graph after a relatively large drop or rise it helps to analyze, So last week the euro rallied against the pound and started to rise even crossed the 23.6 Fibonacci line and then stopped right in the 38.2 area and fell back to 23.6, We believe that the price will stabilize and gradually return to the 38.2 Fibonacci and possibly cross it.
Be careful with the Doji Candlestick created during the weekly time period (This can indicate the sellers' victory in this war)
Buy EUR/GBP
Entry Price:0.8759
Stop Loss:0.8720
Take Profit:0.8810
EURGBP BUY THE BREKOUTEURGBP has hit its previous April 2018 low.
i am expecting a horizontal pullback where it
could potentially reverse to its support at
around 0.87657
EMA 200 & EMA 21 are both in the sell zone so
WATCH OUT.
Watch out for the break in the RED trend line
as this could leads us back to
its support of 0.87657
See previous analysis
PLEASE SUPPORT THE MOVEMENT WITH YOUR
LIKES, COMMENTS AND FOLLOW FOR MORE
#EURGBP Signal With technical analysisAs can be seen in the graph above, (A-Time Period) during this period we were in a distinct upward trend-3 years. (B-Time Period) The market remained stable and ranged from 0.8640 to 0.92 And now we are at the bottom of the price and that's why we'll take advantage of it and recommend a buy signal
Entry Price: 0.8690
Stop Loss: 0.8600
Take Profit: 0.8850
EUR/GBP has a bearish rising wedge formation on 4h chartI see bearish rising wedge formation also rsi and macd histogram shows bearish divergences on 4h chart for EUR/GBP.
If inclined support is broken, we will have a chance to scalp EUR/GBP.
Profit Targets:
0.88775
0.88610
0.88400
Stop loss:
0.89500
Have a nice day,
Berk
sell at 0.9042 take profit at 0.8990 intraday tradejust an intraday trade
40-50 pips to take in less 24h
i think about sell the news and buy the rumour on GBP
Theresa may will make short speech sooner..i take just 45-50 pips in case if the speech worst for gbp anyway some pullback is likely to happens