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Eurgbptrend

EURGBP: Bullish Technicals and Fundamentals 4H (Apr. 21)X FORCE GLOBAL ANALYSIS: In this analysis, we explore the bullish probabilities of EUR/GBP based on the bullish evidence suggested by technicals and fundamentals. Technicals - We have seen a breakout from the bullish falling wedge pattern - After Elliott Triangle Wave (ABCDE) counts to Wave E, we formed a double bottom - The Relative Strength Index (RSI) shows higher lows, as a sign of trend strength - The Moving Average Convergence Divergence (MACD), despite not showing tremendous momentum, shows an uptrend Fundamentals - The United Kingdom runs a large current account deficit, which makes the pound vulnerable as capital flows faded at the height of the Corona Virus (Covid-19) driven risk sell-off - GBP remains fundamentally undervalued with a significant Brexit discount still attached - With the COVID-19, both the EU and the UK have been preoccupied with issues other than Brexit trade agreement talks; this increases the risk of a big negative UK trade shock in 2021 What We Believe We believe in a higher probability for a further bullish rally for EUR/GBP based on the bullish technicals and fundamentals Trade Safe.
Long
by XForceGlobal
EURGBPHello, I hope you are doing well! At the moment we can see two major levels 0.874 and 0.864 What I'm expecting at these levels? In my opinion, the price should bounce at 0.864 level (purple) and just after we will see what momentum and pattern it will give us. At the moment I can just prepare for a few scenarios: After bounce the price will from side move between 0.874 and 0.864 levels. (green) After bounce the price will have impulse up. At the current moment, only one thing left - be patient. ;) DISCLAIMER: This is my personal opinion and view of the market, trade at your own risk. Use proper risk management and trust the process.
by bagdisb
1
EURGBP Breaking Point Of Descending Triangle.EURGBP is trading in Descending triangle pattern. It is also trading at 62% of Fibonacci retracement level as you can see in chart. If it breaks out of descending triangle pattern we might see further downside toward the 0.8625 level and further towards towards Fibonacci 78% retracement level. There is high chance of either continuation of sideways to downside trend. Like/Comment/Follow For More Idea Note - Trade With Proper Risk Management System Only Thanks
Short
by Fx_Trader_ViSa
LOOK OUT BELOW!!!!! - EURGBP crashing down SELL at marketGBP is strengthening across the board this bank holiday Monday and GBPUSD LONG is looking good (i've already analysed this) and EURGBP looks a standout SHORT trade. My specialist indicator is strongly suggesting a SHORT/SELL trade on this pair with S1 resistance below which will be a target for BEARS. I think this level may go so I'm targeting .8640. I'm in at .8753 with a STOP at .8788. WS1 at .8710 will support so expect a bounce but these's so much bearish pressure .8500 is not out of the range of the BEARS .
Short
by theforexportal
EURGBP Trading at Support Line.EURGBP breaks out from the descending triangle pattern from its top, also it is continuously trading in the downside and now at the current level is has taken the support of support line 1. If it breaks this support, we might see further downside towards the support line 2 or if it takes support at the current level, we might see some consolidation in support line 1 and support line 2. Like/Comment/Follow Us For More Idea Note- trade with proper Risk Management System Only Thanks
by Fx_Trader_ViSa