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Eurgbpshort

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
EUR/GBP Multi-Timeframe analysis (Update) 666.2 PIP Move?Hi Traders EUR/GBP Multi-Timeframe analysis Update H1 CHART ( Bullish ) Target 2 at 0.86964 has been reached. We closed the remaining 50% of our position and now we are looking for the next opportunity to enter the market. Support & Resistances 0.86272 0.86485 0.86155 0.86539 0.85957 0.86697 H4 CHART ( BEARISH ) Conflicting technical signals are indicating towards an unstable market, cautioning us to remain neutral and wait for a stronger trend to develop. Support & Resistances 0.86775 0.86995 0.86402 0.87597 0.85382 0.87903 DAILY CHART ( BEARISH ) Waiting for a retracement higher towards the 0.88602 resistance level in order to reinstate SHORT positions. Next important resistance is the 0.89428 level. Support & Resistances 0.86396 0.88602 0.84878 0.89428 0.82575 0.90841 WEEKLY CHART ( BEARISH ) Target 1 at 0.86142 has been reached. We closed 50% of our position and have moved the stop loss at the lock-in-profits level at 0.88652 . Provided the market conditions will remain the same Target 2 will be reached soon. Support & Resistances 0.88602 0.91750 0.86142 0.93235 0.82759 0.94977
Short
by Avramis
EUR/GBP Approaching Resistance On RetraceAs reported in my previous post on this pair this is now coming close to resistance. The blue line indicates the lowest point of the old support which was obviously broken and now should act as resistance. I want to see this reach this price and rebound lower to the next target. Need to wait for the price to show it is reacting to this level before entering a short but if it plays out as I am predicting then SL can be set just above 0.786 Fibonacci and the TP can be set at 0.84157. Below the TP price is a big support level which the price has been ranging from for the past 4 years. From there price is likely to correct higher and range for a while before there is any chance of a breakout below the support.
Short
by olly48
3
Euro Weakness EURGBPAs the UK comes out of lockdown and the economy re-opens I expect that the GBP strength will continue. Next level is a 4% drop in EURO value against the GBP, 400+ pips, trading from the weekly chart. My stop levels are large, but will still only be 1/2% risk for me. The total trade is a 2.74:1 risk reward (slightly under my minimum 3:1). I like the feel of this trade from a price/trend continuation point of view and fundamentals. Let me know what you think? Could we push even lower to pre-brexit levels?
Short
by MSI_JAL26
EUR/GBP Multi-Timeframe analysisHi Traders EUR/GBP Multi-Timeframe analysis H1 CHART ( BEARISH ) A high probability, entry signal to go SHORT was given at 0.86671 after the market found resistance at 0.86779 . Only the upward break of 0.86779 would cancel the bearish scenario. Support & Resistances 0.86402 0.86793 0.86182 0.86995 0.85809 0.87182 H4 CHART ( BEARISH ) Waiting for a retracement higher towards the 0.86793 resistance level in order to reinstate SHORT positions. Next important resistance is the 0.86995 level. Support & Resistances 0.86396 0.86793 0.86182 0.86995 0.85809 0.87375 DAILY CHART ( BEARISH ) Waiting for a retracement higher towards the 0.88602 resistance level in order to reinstate SHORT positions. Next important resistance is the 0.89428 level. Support & Resistances 0.86396 0.88602 0.84878 0.89428 0.82575 0.90841 WEEKLY CHART ( BEARISH ) A very low probability, entry signal to go SHORT was given at 0.88652 after the market completed a bull trap reversal pattern. Only the upward break of 0.92906 would cancel the bearish scenario. Support & Resistances 0.88602 0.91750 0.86142 0.93235 0.82759 0.94977
Short
by Avramis