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Eurgbptrend

EURGBP Forex cross pair analysis and forecastEURGBP Forex cross pair has reached a strong monthly demand imbalance where going long is allowed again. As swing traders and longer term traders we should not be thinking of going shorts on EURGBP Forex cross pair. Price action analysis is telling us there is a very strong monthly bullish impulse that ended up becoming a monthly demand imbalance around 0.8607. This imbalance has gained control and renders lower timeframe shorts low probability. Price action analysis and supply and demand technical analysis is telling us that going long on EURGBP Forex cross pair is the way to go now, no matter what Brexit news or any other fundamentals are telling us to do. Learning how to trade Forex should not be as difficult as it seems, it will if you start paying attention to news releases and fundamentals as well as what media and web sites are talking about online.
Long
by AlfonsoMoreno
3
EURGBP analysis | Still free falling? Or finding support?Massive movement to the downside with EURGBP after a big move like this I like to let the dust settle for a bit before jumping into a trade. is 0.86 holding as support? It seems like it for the time being. Remember patience is key with forex, there is always another opportunity to take a trade no reason to rush into anything when there is no clear direction. For my full market break downs and trades click the link in my bio! Feel free to message me on instagram anytime if you ever need help!
by Layne_LV
EURGBP Fundamental Analysis – September 18th 2019Here are the key factors to keep in mind today for Euro trades: Italian Industrial New Orders and Industrial New Sales: Italian Industrial New Orders for July are predicted to increase by 1.9% monthly and to decrease by 2.6% annualized. Forex traders can compare this to Italian Industrial New Orders for June which decreased by 0.9% monthly and by 4.8% annualized. Italian Industrial New Sales for July are predicted to increase by 0.2% monthly and to decrease by 1.5% annualized. Forex traders can compare this to Italian Industrial New Orders for June which decreased by 0.5% monthly and by 0.8% annualized. Eurozone CPI and Eurozone Core CPI: The Eurozone CPI for August is predicted to increase by 0.2% monthly and by 1.0% annualized. Forex traders can compare this to the Eurozone CPI for July which decreased by 0.5% monthly and which increased by 1.0% annualized. The Eurozone Core CPI for August is predicted to increase by 0.2% monthly and by 0.9% annualized. Forex traders can compare this to the Eurozone Core CPI for July which increased by 0.2% monthly and by 0.9% annualized. Here are the key factors to keep in mind today for British Pound trades: UK CPI: The UK CPI for August is predicted to increase by 0.5% monthly and by 1.9% annualized. Forex traders can compare this to the UK CPI for July which was reported flat at 0.0% monthly and which increased by 2.1% annualized. The Core CPI for August is predicted to increase by 1.8% annualized and the CPI Including Housing Costs is predicted to increase by 1.9% annualized. Forex traders can compare this to Core CPI for July which increased by 1.9% annualized and to the CPI Including Housing Costs which increased by 2.0% annualized. UK PPI: The UK PPI Input for August is predicted to decrease by 0.2% monthly and by 0.1% annualized. Forex traders can compare this to the UK PPI Input for July which increased by 0.9% monthly and by 1.3% annualized. The UK PPI Output for August is predicted to increase by 0.2% monthly and by 1.7% annualized. Forex traders can compare this to the UK PPI Output for July which increased by 0.3% monthly and by 1.8% annualized. The UK PPI Core Output for August is predicted to increase by 0.2% monthly and by 2.0% annualized. Forex traders can compare this to the UK PPI Core Output for July which increased by 0.4% monthly and by 2.0% annualized. UK RPI: The UK RPI for August is predicted to increase by 0.7% monthly and by 2.6% annualized. Forex traders can compare this to the UK RPI for July which was reported flat at 0.0% monthly and which increased by 2.8% annualized. The UK RPI Excluding Mortgage Interest Payments for August is predicted to increase by 2.5% annualized. Forex traders can compare this to the UK RPI Excluding Mortgage Interest Payments for July which increased by 2.7% annualized. UK House Price Index: The UK House Price Index for July is predicted to increase by 1.0% annualized. Forex traders can compare this to the UK House Price Index for June which increased by 0.9% annualized. Should price action for the EURGBP remain inside the or breakout above the 0.8790 to 0.8885 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Long Position Entry Level: Long Position @ 0.8860 Take Profit Zone: 0.9085 – 0.9145 Stop Loss Level: 0.8765 Should price action for the EURGBP breakdown below 0.8790 the following trade set-up is recommended: Timeframe: D1 Recommendation: Short Position Entry Level: Short Position @ 0.8765 Take Profit Zone: 0.8615– 0.8680 Stop Loss Level: 0.8800
by PaxForex