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Eurgbprange

EUR/GBP Continues Trading in the RangeIn short-term EUR/GBP remains neutral at this point. Another decline is mildly in favor as long as 0.8676 resistance holds. Break of 0.8521 will target 100% projection of 0.9324 to 0.8786 from 0.9019 at 0.8481, which is close to 0.8472 key support. Considering diminishing downside momentum as seen in daily MACD, we’d expect strong support from there to bring rebound. On the upside, break of 0.8676 resistance will indicate short term bottoming and bring stronger rebound back to 0.8786/9019 resistance zone first. From long-term point of view, only a clear break of 0.9324 would confirm bullish trend resumption. Otherwise, risk will stay on the downside even in case of strong rebound.
by ForexTrendline
(EURGBP) Monthly and Daily - speculation & analysisMonthly and Daily - We had a monthly descending triangle which has broken to the upside, we also had a pull-back and a correction in the daily time frame. At the same time we have a bullish flag in formation in the daily frame. Upside is preferred if we break the yellow trend line after another small pull back. However if we go below the blue line, this would be considered as a fake break out and we going back to the descending triangle once again, which then we will probably test the bottom again. Liability Disclaimer : All trades posted here are my personal view of the market. If your planning to use them as signal, do your own research first and you are responsible for your own entries, exit, profit and loss management. MongersKit Mongers Kit is complete traders toolbox, with all the data and news you need to have successfull trades. Mongers Kit is packed with features such as : 1) order flows in real time. 2) current open positions from 4 different brokers. 3) real time news update. 4) TV and Radio to your favourite channels (Bloomberg, CNN, ABC, etc). 5) Dynamic sessions - see all the rises and falls in each session. and much more, get your kit now at www.mongerskit.com If your my follower, you get 20% discount on your purchase of Mongers Kit. Contact me for more details.
by Tradesmanship
EURGBP 500+ Pip Opportunity - 25/7/16SUMMARY: The EURGBP pair bounced slightly during the course of the day on Friday, using the 0.8319 level as support. At this point in time, the market is looking bearish. The primary trend of EURGBP is bearish on charts and price is trading below its support trend line in its hourly chart. In its daily chart the price is sustaining below 100 day SMA that are appears on the above image indicating downtrend of the pair. It is having an important resistance at the level of 0.8404 Support at the level of 0.8319. If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair. INDICATORS:- MACD is sustaining in its negative territory indicating the bearish trend in the pair. RSI is sustaining in its selling zone indicating the upcoming negative trend in the pair. STRATEGY: EURGBP is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions in it. Likes and comments appreciated guys, thank you for all your continued support! www.tradingsignalreviews.com
Short
by TheBanker
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