Eurgbpsignal
EURGBP: Just continue buying dips!EURGBP
Intraday - We look to Buy at 0.8485 (stop at 0.8445)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. The hourly chart technicals suggests further downside before the uptrend returns. The bias is still for higher levels and we look for any dips to be limited. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
Our profit targets will be 0.8600 and 0.8710
Resistance: 0.8600 / 0.8710 / 0.8845
Support: 0.8505 / 0.8400 / 0.8295
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June Week 2: EURGBP Long-term trend signal!Hi friends, I hope y'all had a fantastic weekend ;)
Today, we have possible long-term bullish rally on this baby. I kind of doubt the trade but looking at how the correlating pairs that have GBP as a base currency behaved (by bearish dropping in the previous weeks) instilled faith in planning to take this trade with you guys. Before we do that, lets take a look at how the bulls and bears might behave in triggering and dis-confirming this trade.
Bulls: -If the price bullish breaks and retests the Weekly Neckline 2/ 4th Weekly Key Lvl and 200 m.a (that's visible on my MT4 chart), that will
trigger our trade signal that I call a Double Bottom A-E.2 signal, and the price will rally for the patterns L1, L2, L3 together for the short-
term m.a's trend that will probably end on the last take profit point.
Bears: -If the price bullish bounces off the Weekly Neckline 2/4th Weekly Key Lvl and 200 m.a with a bearish reversal candle pattern close,
before or after taking the trading, that will tell us that the price isn't ready to rally to the last take profit point, and instead it will signal
a drop to our stop loss key level.
That's it for today. I hope you found value in this. If you have a different perspective, feel free to share it in the comments section, I'd love to know your thoughts on this pair!
Stay Blessed,
Doji-2k1
DeGRAM | EURGBP sideways resistanceEURGBP is basically consolidating. There are no clear HHs or LLs.
It will be logical to take a short trade at the resistance zone of 0.85250 - 0.85300.
IF price shows signals like a false break or any weakness at that zone, THEN we can sell EURGBP.
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Share your opinion in the comments and support the idea with like. Thanks for your support!
EURGBP top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURGBPThe euro is approaching a very important region on the longer-term charts as far as support is concerned. The 0.82 level being tested is a big deal, and if we were to break down below that level, the bottom will follow out of this pair. More likely than not, we will get a short-term bounce, but I would be a seller of that move because without a doubt the euro is one of the weakest currencies that we currently deal with. If we do get that breakdown, it will become a longer-term position.
EURGBP lower in sloping channel patternPrice action is consolidating break below daily cloud, Chikou span is biased lower
The pair is trading below major moving averages which are trending lower
EUR/GBP grinds lower in sloping channel pattern, scope for further weakness. Bears target channel base at 0.8220.