Eurgbpsell
EURGBP | Get read for the DROPThe pair EURGBP has been in a bearish trend since the 1st of April 2020. By looking at the monthly chart we can immediately notice that there is a strong resistance level that the market rejected in March and April 2020. In March 2020, the market rejected this area and created a 600 PIP wick. When the market rejected this price level in April 2020, we saw 193 PIP move to the downside. We can also see a very short top wick on the on the April 2020 candle, indicating big bear pressure. Now that we know this information, we have to look at the lower time-frames to get a better idea of how to trade this pair.
Looking at the 4H time-frame we can notice that we have a strong resistance area between 0.88466 and 0.88627, marked on the chart as "Selling Zone". We're expecting the market pullback from the strong resistance zone, with our target at 38.20% fib level as target 1 and 61.80% fib level as target 2. Stop loss is placed above resistance zone just in case we get huge wick to the upside.
- Fundamentals to watch out for:
1) U.K. Gross Domestic Product (GDP) @ Wednesday, May 13th 2020, 9:00 AM GMT +3:00
2) U.K. Manufacturing Production MoM @ Wednesday, May 13th 2020, 9:00 AM GMT +3:00
3) U.K. Extension of lock down, which indicates weaker GBP.
Risk ONLY: 2-3%
Good Luck!
EURGBP. At the resistance level, growth will end.Hi subscribers!
The price of the Euro quickly recovered after the fall,
but the growth cannot be eternal. The price approaches the resistance level,
and then the price stops growing and falls down to the target.
Good luck to you.
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This idea does not provide the financial advice.
EUR/GBP in a flag - which way will it break? SHORT is my guessSince the end of March, EURGBP has been locked in a 180 pip range flag. We've just seen the top of this flag rejected and with WR1 pivot in this area it seems unlikely that we'll see price move higher any time soon.
I'm in SHORt at the top of the flag at .8800 with a 20 pip STOP. We should see a move down to the bottom of the flag now at .8700 area. If this level is tested and fails then we could see a large move south as there's little support if price breaks .8660. One to watch.
EURGBP. Will the price break through the support level?Hello dear subscribers!
The price of Euro continues to fall to the level of support.
Do not make a deal, because the profit will not be great.
If the price breaks the support level, then this is a sell signal,
because the currency can fall to the bottom.
Watch for price developments.
Good luck to you.
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This idea does not provide the financial advice.
EURGBP Market Outlook | Daily Forex Market BreakdownHey traders please LIKE & FOLLOW, thank you! Potential inverted head & shoulders. I believe we could be seeing some big movement to the upside soon. Already creeping up now. Keeping a sharp eye on EURGBP for potential longs soon.
EUR/GBPHI
EUR / GBP has reached its resistance line and will fall to the bottom of the specified arrow. I hope you enjoy this analysis.
EURGBP Market Outlook | Daily Forex Market BreakdownEURGBP
Has pushed lower, I wanted to see us push up and make a double top giving a clean opportunity for a short entry but it rolled over and didn’t look back. Still not much movement. Waiting to see how we react around these current levels, its looking like we could be seeing an inverted head & shoulders. We need to let price develop a bit more giving us clean rejections.
EURGBP: Bullish Technicals and Fundamentals 4H (Apr. 21)X FORCE GLOBAL ANALYSIS:
In this analysis, we explore the bullish probabilities of EUR/GBP based on the bullish evidence suggested by technicals and fundamentals.
Technicals
- We have seen a breakout from the bullish falling wedge pattern
- After Elliott Triangle Wave (ABCDE) counts to Wave E, we formed a double bottom
- The Relative Strength Index (RSI) shows higher lows, as a sign of trend strength
- The Moving Average Convergence Divergence (MACD), despite not showing tremendous momentum, shows an uptrend
Fundamentals
- The United Kingdom runs a large current account deficit, which makes the pound vulnerable as capital flows faded at the height of the Corona Virus (Covid-19) driven risk sell-off
- GBP remains fundamentally undervalued with a significant Brexit discount still attached
- With the COVID-19, both the EU and the UK have been preoccupied with issues other than Brexit trade agreement talks; this increases the risk of a big negative UK trade shock in 2021
What We Believe
We believe in a higher probability for a further bullish rally for EUR/GBP based on the bullish technicals and fundamentals
Trade Safe.
EURGBP Market Outlook | Daily Forex Market BreakdownEURGBP
Bears look to be in control for the time being. I believe we will be seeing pound strength. Looks like we’re retesting support I believe support will get taken out before we start climbing back to the upside. My downside targets around .8600
EURGBP Market Outlook | Daily Forex Market BreakdownEURGBP
We broke below the range we were stuck in, asnd we pushed below a critical level of support. I believe the marker is tricking traders to take trades, I feel we will see at least final push to the downside giving us clean entries for longs.
EURGBP - SELL 4HOUR (BREAK AND RETEST)ANALYSIS-
1. CLEAR DOWNTREND
2. PRICE HAS BROKEN ABOVE PREVIOUS SUPPORT LEVEL AND HAS COME BACK TO RETEST TO CONTINUE POSSIBLE UPWARDS MOMENTUM
3. WICK REJECTION AT KEY LEVEL AS PRICE ACTION CONFIRMATIO
BANK HOLIDAY MONDAY SHORT - SHORT EURGBP - Look out below !!!!!!With GBP strengthening across the board, this looks a banker SELL trade. With WS1 just below this will be a magnet for EUR/GBP BEARS. I'm LONG GBP/USD (already analysed and posted) and am looking to see a similar move in the opposite direction on this pair. WS1 will offer support but I'm targeting WS2 at .8640 so IO'm in at .8753 with a STOP at .8788 and a target of .8640.
LOOK OUT BELOW!!!!! - EURGBP crashing down SELL at marketGBP is strengthening across the board this bank holiday Monday and GBPUSD LONG is looking good (i've already analysed this) and EURGBP looks a standout SHORT trade.
My specialist indicator is strongly suggesting a SHORT/SELL trade on this pair with S1 resistance below which will be a target for BEARS. I think this level may go so I'm targeting .8640.
I'm in at .8753 with a STOP at .8788. WS1 at .8710 will support so expect a bounce but these's so much bearish pressure .8500 is not out of the range of the BEARS .
SHORT EURGBPEUR under more pressure this morning and I'm in SELLING EUR/GBP at .8753. All my charts are flagging this a good thing. I've a STOP at .8805 and a TAKE PROFIT at .8592 which is just above the WS2 pivot.
Ichimoku CLoud Setup on EURGBP (Sell Setup) The price is traded below the cloud today, hence there is a bearish bias in this pair this week.
Counter trendline breakout, i'm short in this pair now. :)
EURGBP - Trend Line BreakHi everyone, I am an amateur trader who has been following signals for a while. I have done some forex courses online in my free time to learn the basics and now try and do my own analysis and set my own trades. I have been following some people on here and there has been a great knowledge base. Hopefully will continue with some courses soon.
If anyone has any tips or comments, I would greatly appreciate them, so feel free to add them in the comments, after all knowledge comes with experience. Happy trading, hope everyone is well during these times.
EURGBP - Previously I was thinking this would break current resistance and go long to around 0.5 fib support at the 0.9000 level. However now considering a retest of the trendline and a potential sell?
EURGBP short ideaHi traders,
I hope you are well. Here I have a nice setup on EURGBP. This pair is on a downtrend and we have seen a recent pullback with a bearish engulfing candle which suggest we should see another leg of bearish run. Therefore I have gone short on this and marked tp and sl for you as well.
Let me know your thoughts.
Trade safe and good luck.
EURGBP - Short signal h1 [swing]* 50% for all predicting.
- Risk: 0.5%.
- R/R: 1:1.
- Data backtest: maximum from Tradingview.
- Good luck.
EURGBP - Short trade signal h1 [swing]* 50% for all predicting.
- Risk: 0.5%.
- R/R: 1:1.
- Data backtest: maximum from Tradingview.
- Good luck.
EURGBP analysisDaily candle closed below the key level of 0.80000. In my opinion, it will continue its bearish momentum until the support area.
share your views in comment section. Thank you.
