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Eurgbpforecast

Eurgbp D1 Trade Setup wait for breakout suggests more upsideThe EURGBP posted a long white candle and the daily candle suggests more upside. Intraday Update: The EURGBP just hit the 38% retracement and near the 161% extension. As long as .8972 holds, this could be a good reversal level for the pair to move back to .8900. End of Week Analysis: The EURGBP has rallied back to a confluence of fib levels. The 38% retrace, the 161% extension and is testing the underside of the trend line. As long as we stay below .9000 on a closing bases, we probably will move lower. Brexit priced into GBP but not the Euro? UK referendum & elections brought weakness to the Pound, however, its ~15% depreciation should put the brakes on easing and some stimulus may be removed as inflation & general economic data improve. Join Our Telegram Group :https://goo.gl/Gs5NtH
Long
by FxSingalsteam
EURGBP: Keep These Two Resistance Levels on Your RadarIn the near term, the 0.8925 area will likely attract an influx of offers. Any bearish price action from here could provide an attractive short setup. However, I have a sneaking suspicion that bulls want to take prices to 0.8980. This area served as resistance back in late July and subsequently attracted bids on the 12th and 13th of September. I’m going to hold off to see what kind of price action we get at 0.8925. A daily close (5 pm EST) above it would open the door to the next resistance level at 0.8980. This too is an area that could produce a favorable selling opportunity. As long as 0.8980 holds as resistance on a daily closing basis, I will maintain the idea that a major reversal is likely. Given the location of the weekly swing highs and lows since 2015 (see chart above), it appears EURGBP bulls may be ready to capitulate. Key support from here comes in at 0.8744 followed by 0.8600. The latter will be my target should we get a favorable short setup in the coming days. Source: bit.ly
by Daily-Price-Action
EURGBP - Long on Hawkish DraghiWe have a lot of EUR news due out tomorrow together with a speech from Mario Draghi, the President of the European Central Bank. His comments alone will move the market and we are hoping for an alignment with the PMI data due out later on in the morning. This will give us a great trading opportunity on the EUR throughout the rest of the week. We are planning a long trade on the EURGBP should we see and hear hawkish sentiment from Draghi. The Euro has been the stronger of the two currencies over the past week, and over the past month, and is currently sitting at resistance. We would prefer to see this pair fall into a level of support before the news, giving us a better entry. We would also look to take a long on a breakout condition with a small position, adding to it as the bullish move is confirmed.
Long
by Mase_00_7
8
Patience is virtue with this annoying pairAfter forming a fakey bar on the daily time frame, this Forex pair took me out of my trade just to have another price rejection in which I did re-enter again a long trade. For four trading days, this pair has been going on sideways which was slightly tempting me to close the trade at Breakeven,.. not closing it was a good decision. Plus I also noticed the inside bar formation on weekly time frame. This pair has been trying hard to push the price higher and higher.
Long
by bearvsbullmarket