EURGBP potential bounce!
EURGBP expected to reverse up to 1st support at 0.85888 where it could potentially react and bounce to its resistance at 1st resistance at 0.87441
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Eurgbpsell
EURGBP - FOREX - 24. FEB. 2020Welcome to our weekly trade setup ( EURGBP )!
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1 HOUR
Bullish reaction to 0.83450 support.
4 HOUR
Bullish market slowed down, guess we will follow mid trend now.
DAILY
Looking for next wave to the downside.
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FOREX SETUP
SELL EURGBP
ENTRY LEVEL @ 0.83950
SL @ 0.84430
TP @ 0.82990
RR: 2.0
Use 0.5% risk!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
EURGBP SHORT INTRA-DAY AND SWINGEURGBP is currently trading below $0.83678,a signnificant level.
Comparing Weak Vs Strong currencies this past week (end 2/14), GBP shored much much much more strength whereas EUR traded as the weakest of all currencies-- meaning a SELL bias for the pair.
Monthly chart analysis has the pair looking to test Supports for bounce.
A good technical approach on this pair provides awesome Short opportunity to Support with potential continuation to downside or counter-trend to upside targets depending on price action and/or currency strengths.
Momentarilly, Daily and 4Hr analysis should follow.
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Thank you and happy trading.
EURGBP - FOREX - 03. FEB. 2020Welcome to our weekly trade setup ( EURGBP )!
-
1 HOUR
Bullish reaction and pressure
4 HOUR
Prices at previous resistance, looking for a turn now.
DAILY
Overall Bearish market and price action with a pullback to the upside.
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FOREX SETUP
SELL EURGBP
ENTRY LEVEL @ 0.84720
SL @ 0.85090
TP @ 0.84000
RR: 2.0
Use 0.5% risk!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN