Eurgbptrend
EUR/GBP rejected from key support💡Hello traders,
Hope you all have a fantastic day !
I would appreciate any likes and follows from this idea, that would encourage me to publish more ideas and analysis.
EUR/GBP has been rejected from strong support line and now will continue ascending channel and head up.
Let us know what you think about this idea.
Trade safe !
Uptrend for EUR/GBP will continue💡Hello traders,
Hope you all have a fantastic day !
I would appreciate any likes and follows from this idea, that would encourage me to publish more ideas and analysis.
EUR/GBP has been in ascending channel and we believe bullish price movement will continue as EUR are gaining strength across other currencies.
Let us know what you think about this idea.
Trade safe !
EURGBP / BEARISHI am waiting for price to close below the support line before I short to the greyed area where price has been rejected before
Once price has then continued to move I will place another short to the next support line
We will need to wait for the pullback upon breakout before placing the trade
EURGBP SWING SHORT** The GBP has been strong for some days. Looking at technicals, we see that price has rejected a Daily Supply zone and starting to bounce off it.
** Remember that supply and Demand will always win so i expect price to rally down to our next Daily Demand zone withh TP around 0.87260 before deciding on what to do next.
** Please Like and Leave a comment if you found this helpful or have a contrary opinion, we are all students 😉
EUR/GBP Technical Analysis
The counter is currently in an ascending channel pattern.
It fell off recently from the high to lower parallel, where it found support.
Now, it is marching up with momentum indicators like MACD and stochastic on the verge rendering a bullish crossover.
Hence, we expect the pair to be bullish in the near-term.