We continue Buy in EUR/GBPAt the moment, there are not sell of this par, we continue in Buy as I say in the some days. So, basically I can to say you that EUR/GBP is consolidated in H4 timeframe or H1 timeframe.
Now, we have all fundamentals that support a EUR so bullish for the next days as EUR/USD. So, technically in Daily we see that this par is leave at the zone of 0.618% of Fibonacc, that is an indication that EUR/GBP is prepare to up and continue the trend, in that case is bullish.
But, if you going in H4 timeframe, we see that, and this mean a possible formation of micro-accumulation. And also, we can to put a buy order limit with minimun 0.01 lots, that mean a possible going to up of this par to find up 231 pips.
Now, we have fundamental of this par and there we go:
1.Euro to Pound Sterling Exchange rate avoids further losses as Eurozone outlook steadily improves
2. Despite a lack of particulary strong support for sterling, EUR/GBP exchange rate has fallen this week.
3. But, a recovery is possible on the Eurozone's strong economic outlook, but if signs of weakness emerge there may instead be more losses ahead.
4. The data show a continue to impress in the Eurozone.
5. The EUR has been a little weaker this week.
6. It is slipped against major rivals like the GBP and USD, as investors buy then back from their cheapest levels.
7. The Euro is also being hit slighty by political instability in France. That news are worry!!!
8. The EUR it's appeal remains fairly strong overall
9. As this week, the EUR losses have been more due to recovering rivals than any weakness in the EUR outlook
10. Pound exchange rates rebound and Brexit speculations. The GBP is was undervalued so the new quarter began with some pound-buying and investor bought GBP back from it's cheapest levels.
11. Investors have been holding onto sterling since then, thanks partially to speculations that there could be Brexit developments in the coming month.
12. As a result of some fair Brexit optimism, the pound was able to hold most of this week's gains,
13. GBP/EUR exchange rate could tumble on optimistic Brexit news.
14. Investors may be hesitant to buy GBP too much more, but there is still potential for the EUR/GBP exchange rate to fall further.
The most EUR/GBP keys important:
1. There are a possibility of recovery for the Eurzone in all news optimisc
2. But if signs of weakness emerge there may instead be more losses ahead
3. The data show a continue to impress in the EUR
4. investors are buy and hold GBP against the major pars
5. There are a political instability in France
6. Other key s that EUR It's appeal remains fairly strong overall
7. Pound exchange rates rebound and Brexit especulations and hold GBP.
So, that is the keys to take in noticed, probabilly there are a possibility that this par is have more dominance the EUR than GBP, because EUR it's strong about the fundamentals. But if you see that par it's make the movement so volatil and it's an indicator for the Eurozone and it's sensible their conduct.
Eurnews
Confirmation in my hand: This is bear trapHello guys, in this technical analysis, there are other opportunity to put in short movement in EUR/GBP, But, don't believe of what is your imagination, because this is a pur bear trap to trap all bullish to put in long, so, there will be I identifiy a possible drop of this price, but a nice opportunity to put in short. Also, lets me see that the price action it's spoke us. Well, I identify a double top and RSI is losses force to continue up, so the % to will going to bullish than bearish is 30% of probability to put in long than 70% of probability to pun in short movements.
So, this is my technical analysis in H4, also, did you remember of the previously hours that I reccomend to closed up your position, well my prediciton it's was ok, but also, we found up a other confirmaiton to respald a bullish or bearish sentiment, because, price action never lying us. So, the sentiment os bullish is false, the bearish scenario as I knowed is here.\
Also, I add my link to related ideas that I respald my analsyis before to make do this analysis. so good luck of your opperation!!!
Possible continuation to pick up +200 pipsWell, in this technical analysis, if you put a signal of buy yesterday of my updates of this par, congraluations and the objective is to find up 50 pips. Well, we are to break up the ascendent channel and we hope that the price go down a little and hope confirmation of price action a candlestick bullish as hammer bullish, doji bullish or a gran candlestick bullish, this is a rule to operate right in trading. So, I put an alarm of this zone of Buy zones in bold black. So, also, it's very interesting to see in H4 timeframe the trend.
But, in H1 timeframe we have a confirmation of price action bearish, because the price is need to down 15 pips approximately and then hope the confirmation. And not using indicators, because price action is very well that using indicators, indicators lying a lot and they deceive us.
But the run is so bullish in this par, lests me see to explain why the EUR/GBP it's can be to reach 0.92.
Fundamentals Analysis:
*If you see my EUR fundamentals, I invite you to check our my previosuly technical analysis for EUR/USD in my link related ideas* Now all fundamentals is about the UK and what I writing below
1. Bank of England increases bond-buying programme.
2. Sterling slumped this afterrnoon after the Bank of England increased its bond-buying power by 100 billion of pounds to help the coronavirus-hit economy
3. BoE also left interest rates at 0.1% and said it expect the new total of 745 billion of pounds in government bond purchases to be hit by the end of 2020.
4. Forex-Pounds cedes further ground against dollar as Brexit worries resurface.
5. The pound extended losses agains the dollar today as signs the U.K. and EU relationship (United Kingdom and European Union relationship) ship remains fragile soured the seeds of doubt over whether the U.K. will be able to post-Brexit deal before the year-end deadline.
6. Bloomberg reports at the end of this year transition period, the EU said it would impose full customs controls and heck on U.K. goods in 2021
7. The U.K. said that is the first half in 2021, most firms morning good into Britain nation and would get six months to pay any tariffs due, even if a post-Brexit deal is not reached.
8. Signs that the U.K. - EU relations still remain fraught with completion has sowed the seeds of doubts over a potential trade deal, cooling some of the recent optimism reported earlier this week.
9. A commentary of U.K. Prime Minister Boris Johnson said earlier this week, he would work with the EU to find common ground to break the deadlock.
10. The BoE said it stands to support the economy and boost inflation to it's 2% target
In summary in all this fundamental, U.K. is to do happen a horrible situation in this nation and they will be a cautions of the economy and Brexit about the U.K. abandoned the E.U. So, friends, EUR in this par it's will be very bullish as I see in my eyes and there are not exeption that EUR is more optimist in the midterm as a best currency that it's gains in all pars and one of the currency appretiate in 2020 althroush the year.
Well, in the next there, I am interesting to make a technical analysis of EUR/GBP in saturday to analyse in Monthly, Weekly and Daily to see in long term how I see EUR/GBP, and also EUR/USD. Because EUR/GBP is an indicator of the EU and this is a bad or good for EUR/USD and the EU. in saturday, I will be to do making a special technical analysis for EUR/USD and EUR/GBP what I expect in long term, an also, I will going to search information of What is Brexit? Consequence? and more to you learn about this theme.
Bullish divergence in EUR/GBPHello guys, in this technical analysis, I found up a bullish divergence in the RSI.
So, in conclusion, if EUR is bullish, GBP and USD is bearish scenario. So, I found out that EUR/USD and EUR/GBP is bullish while the all situation and problems in that countries. Si, in this tecnical analysis, I will go to adapt a potential signal of trading. So, we are in formation in the ultimate shoulder inverted into this ascedent triangle with continuation bullish pattern.
So, in H4 timeframe we see that this 2 dojis what apperas in the past 8 hours, we see that a possible and notify us a change of price action. So we look up and sleeping out what we see.
So, the objective is to pick up 50 pips. And later of there, we need to hope if the price it's can be to break up, in that case if see see a grant candlestick positive based in bull, we could to enlarge our take profit to pick up more pips. And important to use break even once again when you go to profit.
And I add my previously technical analysis, but some important, after of I make the previously analysis,there are not see a bullish divergence, but it's important for me to detect opportunity to trades, not only to earn money, but make pips objective, but based in my weekly percentage that it's 20%
EURUSD it's has a show signal of change the trendSo, in this technical analysis. We complete the shoulder what I expect to reach. So, I earn 100 pips and very happy to me to dedicate my technical analysis and help you to how to identify the hide secrets institutionals that do.
Well, in H1 timeframe, we see that we are in the following the theory of Izzi Money. I hope that the price leave at the zone of 0.618% of Fibonacci and there, hope the price action to when I see a hammer inverted bearish or type of bearish candlestick, I put a short position there. Or in the 0.382% as possible to leave it too.
Now, I proyect that th price it's can be to reach at $1.1114 USD, and a possible strong sell and the sentiment of EUR.
But, remember to read all speculate news to see the fundamentals.
And to share, in Daily and H4 timeframe, that represent a RSI and MACD overbuy, and there, a bearish divergence in H4 timeframe, this is very significat for the trend about the US Dollar is worthmuch than EUR and a stabilize of US economy
EUR/USD has a possibility to complete the shoulderHello, guys. In this technical analysis. I want to make some aclarations
So, In H1 timeframe we did see a simetric triangle flag, and the intentions are bullish, why, because the price action show us a possible reversal of trendup. So, now, it's was broke and there are a possibility to make a pull back and then, go to up until the
$1.1346 USD. Now, look below of there:
Now, the sentiment of Daily are bearish, because we see a candlestick pattern bearish and EUR/USD has prepare to going to down the price for longer, because there are many fundamentas what USD respald with good news.
Now, in H4 timeframe we see a candlestick bullish and so, this is a signal what EUR has more force than USD
So, basically if we see in H4 timeframe the MACD are make a lowe higuer and this is potential strong buy.
Updates for EUR/GBPEUR/GBP has continue bullish at the moment and so, the previously technical analysis about the shoulder head shoulder bearish it's was invalided, and so, the new shoulder head shoulder inverted or bullish has valid, and indicators are show that it's a positive for this par. So, I keep my trade and believe that we reach at the 0.8978, this is my target profit, because also, let's me see to recall is that we have resistance line, and there, it's may be a possible movement to short, look!!!
But, I get to run my target profit and closed up manually until the price action show me the contrary of reversion, so, the are a high opportunity to see another side that EUR/GBP it's can be to reach the trend resistance line.
Updates for EUR/USDAt the moment, the trend is following bullish and we keep it. So, look in Daily timeframe what type of structure we are.
So, we see that EUR/USD is bullish using the theory of elliot waves.
Now, in H4 timeframe, we see that EUR/USD is need to make a correction at the $!.1305 USD aproxx. to entry in this zone of buy limit. So we hope that make success this operation as USD/JPY that I am in short.