Eurgbplong
EurGbp- 0.85 is now strong supportAfter finding a strong base under the 0.83 zone and testing this zone multiple times this year, EurGbp has strongly broken above 0.85 zone resistance last week.
Now the pair is looking upwards towards the next resistance at 0.87 and, in my opinion, dips around 0.85 should be bought.
A dive under 0.84 would negate this scenario
EURGBP Outlook May 2022 The Pound is in a precarious position whereas the Euro probably seems the safer bet of the two. I expect a gradual bull run to take place, patience is a must here because the time of the fundamentals unfolding will take time, so getting a solid entry and riding it out will be the way. Technicals will also be posted on my page for the timeframes below!
EURGBP pauses at 21-EMA supportThe pair has edged slightly higher from session lows at 0.8367, finds strong support at 20-DMA
Price action has resumed downside after being rejected at 200-DMA resistance
Support levels - 0.8366 (21-EMA), 0.8345 (20-DMA)
Resistance levels - 0.8411 (5-DMA), 0.8441 (200-DMA)
EurGbp can correct to 0.8650Since January, EurGbp is trading in a 200 pips range between 0.8250 and 0.8450.
0.8250 at this moment is very strong support and the pair could correct higher to the next resistance at 0.8650
As long as support is intact, buy dips is my strategy for this pair and only a daily close under support would negate this scenario.
Mon 25th Apr 2022 Daily Forex Charts : 3x New Trade SetupsGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified 3x new trade setups this morning. As usual, you can read my notes on the chart for my thoughts on these setups. The trades being a AUD/JPY Sell, EUR/GBP Buy & GBP/JPY Sell. Enjoy the day all. Cheers. Jim
EURGBP | TRADING UNDER SUPPORT
EURGBP has broken the important support zone and trading below it. The price took the bounce from minor supports now and it might test 7th Mar 22 support once again.
For long positions, one can wait for the break above falling trendline and trading above the important zone.
Trade your levels accordingly.
⭕️BUY EURGBP ❗️🔰You see the analysis of the EUR against the GBP in 1 hour ( EURGBP , 1H) ❗️🔎
🔰BUY EURGBP at 0.83150
✅TP ; 0.83750
❌SL ; 0.83070
🔰Considering the price being in the range of the white bullish line of purchase in this area, the target is also within the range of the orange resistance line❗️❗️👌
⚠️⚠️Please observe capital management and open a low volume transaction❗️❗️
I hope this analysis is useful for you🙏🏻🌹
📌Please introduce the "TRADER STREET" to your friends 🙏🏻
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