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Eurgbpshort

EURGBP facing bearish pressure, potential for further downside!EURGBP is facing bearish pressure from 1st resistance and descending trend line resistance which is in line with 127.2% Fibonacci retracement. Prices might push towards 1st support which coincides with horizontal swing low support which coincides with 61.8% Fibonacci extension and 127.2% Fibonacci retracement. If prices break through the 1st resistance, it might push up towards 2nd resistance which coincides with horizontal swing high resistance and 50% Fibonacci retracement. EMA is also above prices, suggesting a bearish pressure for prices.
Short
by TradeGATEHub
2
EURGBP 0.85427 - 0.29 % * CONTINUATION PATTENRS & PRICE ACTIONHello everyone Hope everyone is good having a good week in the markets... here's an idea on the EURO / POUND * follow your entry rules on entries * significant moves with the bulls change the plan. lets see how it goes. AS ALWAYS PROPER RISK MANAGEMENT AND A LOT OF PATIENCE & AGAIN many stars must align with the plan before executing the trade, kindly follow your rules. HAPPY TRADING EVERYONE & LET YOUR WINS RUN... _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Short
by PULEMokhothu
EURGBP - 1H / RR 1:3Dear fellow traders! Ding Ding Ding, it’s money making time again! I’ve spotted a great setup here on EG ! Here it is: Entry Level (Sell): at 0.85671 Stop Loss: at 0.85822 Take Profit: at 0.85218 With this setup, we are risking 151 pips for the rewards of 453 pips! P/S: Please remember, trading is always risky, and if you don't have a proper money management, you are a gambler. We do not expect or hoping that market will go as per our plan. We just speculate, setup an entry level, and if the market goes our way, we make money. If it doesn't, it's still fine, there's always next opportunity. Good luck!
Short
by mimlin
1
EURGBP - Bearish BiasEUR - BEARISH 1️⃣ Investors turned to bond yields and the dollar after the US Senate passage of a $1.9 trillion stimulus bill. 2️⃣ The euro has been also under pressure as investors continue to monitor the slow pace of COVID-19 vaccination in the EU and its impact on Europe's economic recovery. 3️⃣ Remarks from a number of European Central Bank policymakers this week suggested the bloc's monetary authority stands ready to provide more stimulus if needed to keep yields down and support the economy. 4️⃣ The Eurozone economy shrank by 0.7% in the fourth quarter of 2020, following a record 12.4% expansion in the previous three-month period and an unprecedent 11.7% contraction in the second quarter due to the COVID-19 crisis. GBP - BULLISH 1️⃣ Bank of England Governor Andrew Bailey reiterated that negative rates are off the cards. Bailey also said that his assessment of Britain’s economic outlook was "positive but with large doses of cautionary realism." 2️⃣ Investors hoped for a quicker economic recovery in the UK due to the continued success of the UK's vaccination rollout programme coupled with massive fiscal and monetary stimulus packages. ===== Technical ===== We are looking to sell the EURGBP at resistance + below SMA 50 on the H1 chart. ===== Risk to this trade ===== Any change in sentiment could turn the pair's direction.
Short
by MonsunAsia
EURGBP - Bearish BiasEUR - BEARISH 1️⃣ Investors turned to bond yields and the dollar after the US Senate passage of a $1.9 trillion stimulus bill. 2️⃣ The euro has been also under pressure as investors continue to monitor the slow pace of COVID-19 vaccination in the EU and its impact on Europe's economic recovery. 3️⃣ Remarks from a number of European Central Bank policymakers this week suggested the bloc's monetary authority stands ready to provide more stimulus if needed to keep yields down and support the economy. 4️⃣ The Eurozone economy shrank by 0.7% in the fourth quarter of 2020, following a record 12.4% expansion in the previous three-month period and an unprecedent 11.7% contraction in the second quarter due to the COVID-19 crisis. GBP - BULLISH 1️⃣ Bank of England Governor Andrew Bailey reiterated that negative rates are off the cards. Bailey also said that his assessment of Britain’s economic outlook was "positive but with large doses of cautionary realism." 2️⃣ Investors hoped for a quicker economic recovery in the UK due to the continued success of the UK's vaccination rollout programme coupled with massive fiscal and monetary stimulus packages. ===== Technical ===== We are looking to sell the EURGBP at SBR + below SMA 50 on the H1 chart.
Short
by MonsunAsia
2
EURGBP Breaking Support Level...BEARISH ContinuationLooking at current price level, we can see that today's candle is till towards the BEARISH side. Today's candle managed to retest a weak resistance level @0.8650, followed by a BEARISH movement towards the downside. From its trend, there is no form of reversal yet and entering a short position will be a better option. As of now, I am seeing 0.8581 support level to break bringing price towards 0.8477 price level. Having said that, there is a potential for EURGBP to reach 261.8% fib level. Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
Short
by YGForex
1
EUR/GBPso let's take a look at the weakly and daily eur/gbp charts. first of all our fundamental: to make a big summery europe have italia france and germany in the red so at this point go long on the euro is a big no no! gbp/usd should easily catch up the 1,42 level , so a nice move up from the gbp it self should take place. now back at the charts!!! 5 th basic elliot impulsive wave. let's take a position trade on this one since we will lose some return wave 5th trying to swing it. when you see wave even if it's the golden formation for swing traders, the best way to go with it is to take a positional trade.
Short
by RICHMONSTOCK
EURGBP breakAfter a short rise in H1 EURGBP last week, we saw a decline again. We see a break of the upward movement and at the moment it shows no signs of higher values. The current movement resembles a correction to end in the zone to 0.8688 and see a new downward pressure. We can look for a reversal in the area or a break of the previous bottoms to make an entry! In case of decline, we expect it to reach 0.8602 and 0.8572! If you have questions about how to trade this or another situation, contact us! To support us, like and comment!
Short
by ForexTrendline
1