Eurgbpforecast
EURGBP - THIS WEEK UPDATEEURGBP Continued where it stopped last week
and has been dropping. expecting a reversal soon
before we continue the drop
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EURJPY bullish speculationexpecting a bullish turn here, we might extend all the way to 127.8 before turning. any 4hr candle that breaks below 128 and closes there, invalidates this idea.
EURGBP bearish speculationExpecting a trend reversal either somewhere around here or after we break the minor resistance at around 0.895.
EURGBP Forecast...Journey to 0.85000EURGBP Forecast And Midterm Technical Levels
We have reached our midterm targets on EURGBP. Two trades closed with 300 pips.
What’s Next?
Fundamentally:
The positive developments in Brexit and the hawkish speech by President Carney at the BOE meeting last week may continue the support Sterling and accelarate the bullish move.
What did Carney say at the BOE meeting?
Economy is getting warm
When the issue of Brexit is resolved, BoE may go rate hikes faster than the market’s expectations
We expect Brexit negotiations to be positive
As BOE, we are ready to take all necessary actions.
Technically:
The pair moved out of “Buy Zone ” and trading below the Ichimoku Cloud on the weekly chart. On the Daily Chart 0.87200 and 0.86900 supports are the key levels. The breakout of 0.88900 support would accelerate the bearish move. The midterm targets of the pair below 0.86900 are 0.86200 and 0.85500.
EURGBP -- TIME FOR A BREATHER -AFTER THE DROPI REALLY HOPE YOU GUYS CAUGHT SOME OF THE DROP. I MUST SAY IT HIT TAKE PROFFIT AROUND 70% OF THE DROP BUT ITS ALL GOOD. WE CANT HAVE IT ALL :)
EURGBP DROPPED A LOT MORE THAN I EXPECTED
NOW I AM EXPECTING SOME CONSOLIDATION.
THIS SHOULD REVERSE TO SOME RESISTANCE
BEFORE CONTINUATION DOWN
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EURGBP SELL - CONTINUATION FROM YESTERDAYEURGBP IS LOOKING GOOD FOR A SELL
GOOD RISK 2 REWARD ALSO
HOPE A FEW OF YOU GOT THAT DROP I SENT OUT
See previous analysis
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EURGBP -- SELL NOW - COMING WEEK UPDATEEURGBP has retraced to Fibonacci retracement
level of 0.382 as previously surmised.
Also Stoch RSI is going into overbought territory.
Be ready to jump in for a sell if you are not in already
See previous analysis
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EURGBP - IMPORTANT POINT COMING THIS WEEKi am expecting this going down
what do you think?
like comment and follow :)
SEE PREVIOUS CHATS
EURGBP / REBOUND?EURGBP / REBOUND?
No change from our point of view, the expected rally should be considered as a corrective structure (technical rebound), and then we expect a new bearish leg.
EURGBP updatebreaking the line for EURGBP should bring the bears back in but i am expecting this to go back up
EURGBP to touch the IMAGINARY trend-line. Good SHORT POINT!EURGBP to touch the small downwards trend-line and then reverse back down for short term. It is expected to get back up and cross afterwards. Like the idea for the update!
Strong Rally on the way (EURGBP)Hi, Traders
Market developed a corrective structure which almost completed. another possibilty is that it can go down for one more dip (But not necessary).
i will update the chart if any changes occure.
Note: This is mere a idea not a trading signal to trade. Trade carefully !
Thank you for your support !
EURGBP Bearish DivergenceEURGBP looking strong but 1H chart showing Bearish Divergence..taking my chance and shorting, first target SL40 PIPS , first target 40 PIPS, second 75 PIPS... i usually don't close my trades..i keep moving my SL down..
PS: small lot but honestly bearish divergence always works...
Let's make some pips...
Please hit "LIKE" to support..
Vinny
WHOAAAH Just Catch a Nice Long on Eurgbp pairsHi traders ... We Found nice rejection on trendline . Hope to see a 200pips bearic move . Lets ride .
sell order eurbp intradaywas formired down cycle elliota
i think open sell order with stop loss 0.87800
Follow Me: Inverted Head & Shoulders on EUR/GBPAn inverted Head and Shoulders just completed on EUR/GBP as well as breaking the current down trend.
Looks like a good opportunity for a long.
EURGBP Technical OverviewDAILY CHART TIMEFRAME:
Price is below EMA 50, 100, 200. ” The Golden Cut” is on the way. Confirming the Bearish Trend.
Support: 0.87280 Resistance: 0.87880 and 0.88510.
Bearish pressure will remain as long as the price stays below 0.88500.
H4 CHART TIMEFRAME:
Ascending trend line has been broken at 0.88200 and triggered the Bearish Move. Price is below EMA 50, EMA 100 and EMA 200.
Price tested 0.87600 resistance but failed to break above. EURGBP retested 0.87000 and ended the week at 0.87380.
0.87600 remains as the critical resistance. An hourly closing above 0.87600 may lead the price 0.87900 and 0.88200.
Pullback levels to use as selling opportunities are 0.87900 and 0.88400.
Conclusion: We are short on EURGBP
Intraday Trading:
Hourly Closing above 0.87480 can be used as a buying opportunity. Targets are 0.87580, 0.87730 and 0.87890.
0.87900 can be used as a selling opportunity.
Midterm Trend Following:
Pullback levels to use as selling opportunities are 0.87900 and 0.88400.
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
