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Eurgbptrend

EURGBP - SHORT - BASIC SUPPORT & RESISTANCE ANALYSISEURGBP - SHORT - BASIC SUPPORT & RESISTANCE ANALYSIS In this chart, im looking from 3 perspective. 1) Supply & Demand 2) Trend 3) Significant S&R Level. SL - 20 PIP TP : RR / 60 #TAYOR My main indication is the H4 Double top has been consume at price 0.86764. Which make the movement is bearish . From that point of view, the price respected the trend point of view. Then price doing engulfing movement which i circle in the picture. So my point of view, it's relevant to take short at PRICE : 0.85986 as its the only price that near fresh base and significant resistance level . #EURGBP
Short
by bobclub39trade
2
EURGBP BULLISH OUTLOOKEUR is gaining in value due to the expectation that ECB will raise interest rates, something that had not happened in more than a decade. Against GBP the price broke the resistance of the triangle pattern on the 4H graph forming a bullish outlook, which, if gets confirmed, might see the price of the pair testing 0.87 On the other hand, if the bullish scenario does not come to fruition, the price will most likely test the support of the triangle at 0.8568 Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
Long
by legacyFXofficial
EURGBP - FUNDAMENTAL AND TECHNICAL VIEW- EUR FEATURE currently stands at 1.0759 LEVEL. We can see a slight UP TREND today compared to the previous days. The reason for this is that ECB has given a very HAWKISH CENTRAL BANK UPDATE. Its price is slightly higher than EURGBP DYNAMIC S / R LEVELS. Also the GBP FEATURE stays at 1.2578 LEVEL. Therefore, most of the time the PRICE can be sold in the form of a STRUCTURE and BUY. Before that a RETRACEMENT can come to DYNAMIC S / R LEVELS again. - Currently the SENTIMENT of the OVERALL MARKET is RISK OFF. Also EQUITIES is giving a slightly MIXED RISK Tone. VIX INDEXES DOWN. But they can be UP. Also COMMODITIES now shows a DOWN SIDE BIAS. Currently the MARKET has a RISK OFF SENTIMENT. So be on the lookout, maybe in the NEWYORK SESSION in the market, maybe RISK ON today is Friday. - EURGBP PRICE can be UP to 0.8663 LEVEL before DOWN. Then it can be DOWN to 0.8352 LEVEL. Also, the MARKET SENTIMENT may change after today's NEWYORK SESSION. Be aware of how the ECONOMIC INDICATORS and MARKET SENTIMENT differ.
by benny_marshall