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Eurgbptrend

EURGBP - FUNDAMENTAL AND TECHNICAL VIEW#EURGBP - Currently the MARKET SENTIMENT for EURGBP is slightly on the UP SIDE. The main reason for that is the POSITIVE RISK SENTIMENT for EUR. Also, even if BOE RATE HIKE, we were not able to see BOE's intervention. The reason for a POSITIVE SENTIMENT in EUR is that the USD has been quite WEAK in recent weeks. But a good UP SIDE BIAS is coming for EUR now with the MARKET SENTIMENT. Due to this reason, all MARKETS including STOCKS can be seen to be UP due to MARKET RISK being ON. It affects the EUR in a big way. The ECB did a RATE HIKE. BOE also did a RATE HIKE last week. - EURGBP can definitely go up to the RESISTANCE LEVEL above. Due to USD WEAK, EUR may be quite STRONG. Accordingly, EURGBP can go up slightly until the 0.8958 LEVEL. And after that EURGBP can be SELL to 0.8758 LEVEL. The given STRUCTURES should be BREAKED for that...
by benny_marshall
20 Reason for buy EURGBP🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1:✨Eagle eye: Yearly A confirmed UPtrend makes proper high and low after the last valid low price is on their above equilibrium a clear flag pattern is also here, and wick offspring also confirm themself 2:📆Monthly: bearish trap at monthly lows and long wick and big Imbalance area at the above side, so the price may go up for fill up Feb reversal candle mot able to maintain themselves price reject last month's low and start upside move 3:📅Weekly: with monthly support on the weekly tf price, make a high after a last weekly spinning top bull side price formation confirm 4:🕛Daily: low is valid now, but high is not yet mean price may be going to make another high last daily engulf candle also super high momentum now price make a buildup here 😇7 Dimension analysis 🟢 analysis time frame: H4 5: 1 Price Structure: bullish 6: 2 Pattern Candle Chart: inside the bar at low, with h4 FVG support, 2nd momentum candle with significant volume, make a flag, again right now makes support on h4 OB again 7: 3 Volume: no volume on retracement but the significant volume on bull candles 8: 4 Momentum UNCONVENTIONAL Rsi: above 40 technically bullish, no weakness 9: 5 Volatility measure Bollinger bands: tight squeeze, above the middle band, make support on 20MA, 10: 6 Strength ADX: start bullish strength because bull DMi makes a crossover on main ADX and bearish line 11: 7 Sentiment ROC: eur has positive ROC compare to GBP right now ✔️ Entry Time Frame: 15 min 12: Entry TF Structure: Bear, but we need to wait for Choch on 15 min tf it is about 0.8877 13: entry move: should be bullish 14: Support resistance base: h4 ob, previous pullback area, 15: FIB: trigger even Occurred ☑️ final comments: Buy 16: 💡decision: Buy 17: 🚀Entry:0.8880 18: ✋Stop losel: 0.8833 19: 🎯Take profit: 0.8966 20: 😊Risk to reward Ratio: 1:2 🕛 Excepted Duration: 2 days
Long
by Optimum369
Topdown Analysis on EURGBP Weekly TFMonthly chart: The EURGBP pair has been in a long-term downtrend since 2008, with lower highs and lower lows. Price is currently trading near a key support level at 0.8400, which has held as support multiple times in the past. Weekly chart: On the weekly chart, the EURGBP pair appears to be in a range-bound market. Price has been trading within a symmetrical triangle pattern since August 2021, with lower highs and higher lows. The upper boundary of the triangle is near 0.8700, while the lower boundary is near 0.8400. Daily chart: On the daily chart, the EURGBP pair has been in a short-term uptrend since early February 2022. Price has broken above the upper boundary of the symmetrical triangle on the weekly chart and is currently testing the key resistance level at 0.8600. The 50-day moving average is above the 200-day moving average, indicating a bullish bias. 4-hour chart: On the 4-hour chart, the EURGBP pair has been in a short-term uptrend since mid-February 2022. Price has been making higher highs and higher lows, with the 50-period moving average acting as support. The RSI indicator is in overbought territory, suggesting that the pair may be due for a pullback or consolidation. In summary, the EURGBP pair is in a long-term downtrend but appears to be in a short-term uptrend. The pair is currently testing a key resistance level at 0.8600, and a break above this level could lead to further bullish momentum. However, if price fails to break above this level and falls back into the symmetrical triangle pattern, it could indicate a continuation of the range-bound market. Traders may want to keep an eye on key support and resistance levels as well as the moving averages and RSI indicator on the 4-hour chart for potential trade opportunities. What's your thought on this?
by Popeson
#EURGBPFrom another point of view, in the 4-hour period, we see a positive divergence and reaching the trend line with a lower slope and a resistance range from the previous movement, which can now act as a support, which is exactly overlapping with the B area of the pattern in the range of 0.88456. And it is expected to complete the divergence in the first step in the range between 0.88456 and 0.88962 maximum. The ranges that were touched beautifully and accurately in the previous analysis and can now act as new targets. The main priority at the moment is to wait for the performance result and stabilize the positive divergence in the 4-hour period.
by maryammh