Eurgbptrend
EURGBP | Strong Bullish SignWhen it comes to EURGBP , we've seen price tested the previous support zone and bounced back each and every time, which clearly show the signs of demand. Now price is making newer highs. And I'm not seeing enough resistance to hold the price till T1, which is the first exit point you should consider.
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EurGbp approaching strong supportDecember has been a very good month for Gbp, with the currency gaining in almost all pairs and in EurGbp's case gaining around 250 pips.
At this moment the pair is approaching very strong support and we can have at least a correction from that point
I'm looking to buy this pair and with a target of around 0.8450
A break of support would negate this scenario
EURGBP - BuyIts look like the EURGBP has found its bottom after bouncing from the lower descending trendline and will most probably will move in upward direction from here and likely to test the upper descending trendline. One can buy from here for the target of 0.84566, 0.84839, 0.85117 and 0.85503 with the stoploss of 0.83682.
EURGBP is in sell zone!!EURGBP has just tested previous support as resistance and is likely to drop from there as this important level is formed by weekly and daily candles. Also, this instrument is in a down trend and now a selling opportunity arises in its downward direction.
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EURGBP: Long Shot🏌️♂️This pair is difficult but if we open our eyes and understand what price has done, we can assume a reversal soon.
Now that the low has been wiped and liquidity has been taken from there, the price may now want to target the right shoulder liquidity.
This is a long shot but definitely one to keep your eye on for fantastic risk to reward.
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EURGBP -Short/Medium Term forecast!The EURGBP has been in a mid term downtrend, "Is the trend going to continue?".
Currently we are completing a WXY correction in the minor green degree which should see the pair push high from current level into our bluebox area. As long as we don't go beyond the bluebox(0.8800) then we should see a reversal which will take the pair even lower in the coming months/year. We should start looking for selling opportunities from 0.8730.
If we see a correction in the bluebox then we are likely to see a double correction which will take the pair further up, but we still should remain bearish for the mid-term.