⬆️ EURGBP) BULLISH) analysis) ⬆️⬆️hello trader’s what do you think about Eurgbp)?
The pound rose slightly on Friday as the dollar slipped while investors waited for data on the Federal Reserve's preferred gauge of inflation.
Sterling
GBPUSD
was up 0.36% at $1.2736 and was set for a weekly gain of 0.45%. The euro
EURUSD
was down 0.26% against the pound at 86.55 pence.
The pound has risen for five of the last six weeks against the dollar as investors have ramped up bets that the Fed will cut interest rates sharply next year after consumer price index inflation slowed to 3.1% in November.
The November personal consumption expenditure (PCE) index, the Fed's favoured measure of price pressures, is due at 1330 GMT on Friday.
Data on Friday showed the UK economy shrank 0.1% in the third quarter of the year.
Yet FX investors may have been paying more attention to separate figures that showed British retail sales jumped 1.3% in November, more than expected.
"Today’s release provided some festive cheer for retailers," said Alex Kerr, assistant economist at Capital Economics.
"But with higher interest rates still percolating throughout the economy, we doubt that there will be a continued rise in sales volumes early next year."
In their 2024 outlooks, many strategists tipped the pound for a solid year on the basis the Bank of England would not be able to cut interest rates as much as the Fed or European Central Bank, making British bond yields more attractive.
That idea was called into question earlier this week when data showed that UK inflation slowed to 3.9% in November, more than expected, from 4.6% in October.
Investors think the BoE is likely to cut rates by 140 basis points next year, according to pricing in derivatives markets, up from about 120 bps at the start of the week.
The dollar index
DXY
, which tracks the currency against six major peers, was last down 0.22% on Friday at 101.55.
Eurogbp
🚨EURGBP will Fall By Bump-and-Run Top Pattern🚨✅ EURGBP was able to make a Bump-and-Run Top Pattern .
🔨 EURGBP Broke the support line a few hours ago, and now it is on the Run phase of the Bump-and-Run Top Pattern.
🔔I expect the EURGBP will fall at least to the 🟢Support zone🟢 in the next hours.
Euro/British Pound Analyze ( EURGBP ), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
EURGBP Falling with Ascending Broadening Wedge❗️❗️❗️EURGBP has been able to form two reversal patterns in the daily time frame.
The first pattern is the Ascending Broadening Wedge , in which the EURGBP has managed to break the lower line of this pattern.
The second pattern is the Head and Shoulders Pattern , which was the first sign of the Ascending Broadening Wedge lower line breaking.
🔔I expect EURGBP to at least FALL to the next 🟢 support zone(0.83 GBP-0.82 GBP) 🟢.
🔅Euro/British Pound Analyze ( EURGBP ), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
EURGBP growth with Three White Soldiers👩🚀👩🚀👩🚀!!!Hi everyone👋.
EURGBP managed to form a Bullish AB=CD Harmonic pattern in the 🟢 support zone(0.874 GBP-0.8718 GBP) 🟢.
💡 Confirmation sign of point D of the bullish AB=CD Harmonic pattern:
Forming a Three White Soldiers👩🚀👩🚀👩🚀 Candlestick Pattern .
Regular Divergence(RD+) between points D and B.
The StochRSI indicator shows us the end of the movement.👇
🔔I expect EURGBP to rise to at least the resistance line.
🎉Also, I shared with you the LONG position with RR= 2.00 , but be sure to follow your strategy and not forget capital management .
🔅Euro/British Pound Analyze ( EURGBP ), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
EURGBP falls again with ⭐️Evening Star⭐️Candlestick Pattern!!!EURGBP has attacked the resistance line several times, but it seems that the 💡sign💡 of the failure of this attack can be the formation of the Evening Star Candlestick Pattern on the resistance line and near the 🟡 Price Reversal Zone(PRZ) 🟡.
I expect EURGBP to fall to the 🎯targets🎯 I specified in the chart; I also shared a short position with RR=2.28 with you, but be sure to trade according to your own strategy and don't forget capital management.
🔅Euro/British Pound Analyze ( EURGBP ), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
EURGBP ShortNext week is a big one for the pound, and by extension the EURGBP. Assuming there are no fundamental surprises in data I’m expecting the EURGBP to move lower. Analysing the volume and the divergences between the current price moves and indicators suggest that this recent move is beginning to run out of steam. That being said, I wouldn’t be surprised if the pair reaches the 0.89-0.895 level before moving lower.
My entry was 0.8891 with my profit levels as follows -
TP 1 - 0.8800
TP 2 - 0.8770
I believe the pair will continue move within the pre-existing rising trend line (BLUE) but I anticipate any significant moves will be resulting from interest rates and, or, the war.
As always, this is just my opinion and should not be used as an entry into the markets. Don’t forget, opinions are like ar$e holes, everyone has one and they mostly produce sh1t
Happy trading!
EURGBP two strong supportsThe number of unemployed people in the UK increase what means that other currencies have the change to be stronger than GBP.
We can see an ascending channel, with a diagonal line making the support, and other one, the horizontal and it seems to be a support and in the past an old resistance.
We could wait to see if the candles will cross the line 0.87658, or just put a SL there using the ATR indicator
💵Euro/British Pound 💵Analyze (10/03/2022)!!!Euro/British Pound was able to make an Ascending Broadening Wedge Pattern.
I expect Euro/British Pound will go down at least to the lower line of Ascending Broadening Wedge Pattern.
We will have two scenarios when Euro/British Pound touches the lower line(everything is transparent in my chart).
🔅Euro/British Pound Analyze (EURGBP) Daily Timeframe ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Eurgbp longPrice is consolidating and testing 50ma and 200ma which is very possible the price can be bullish any moment, also alot of pullbacks from the support level, we could see more strong bullish candles with strong impulse. Our initial target is 0.8701 but I think there will be less chance of bearish movement in long run and the price could hit 0.885
Good luck...
EURGBP 1HEuro (EUR) / Great British Pound (GBP)
1H
Time Frame
GREEN ARROW
up towards 0.85054
down towards 0.84792
back up towards 0.85400
RED ARROW
down towards 0.84586
up towards 0.84998
back down to around 0.84546
then should turn around and head back in its bullish direction
THIS IS NOT FINANCIAL ADVICE
If you have any questions or opinions about my analysis and brief please feel free to leave a comment below or send me a direct message.
T hanks guys
The Crypto Planet
EUR/GBP:BEARISH TREND|NEW SHORT IMPULSE|FIBO ANALYSIS SETUP🔔After our previous WINNING trade , there is a new opportunity to going short . Fibo Analysis .
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An ascending trend line has been broken for EUR/GBPIt is obvious that the bullish trend line is broke and we speculate a bear market for EUR/GBP to its last support zone which is shown on the chart.
We must take this in account that this analysis is came from our attitude towards the market and its not a 100% fact,its just a speculation! We always set stop losses for our trades.
Potential SELL on EUR/GBPThe bulls quickly took the EUR/GBP pair higher from a big support area (around 0.8550) on the four-hour chart above, taking it back to a fast bearish reversal point from last week (0.8635).
If the data disappoints in general, the bearish technical signal may trigger a short-term bearish reaction on EUR/GBP. With a regular ATR of about 50 pips, a switch from current levels down to the strong support area within a session or two is not out of the question.
Of course, if European business sentiment surprises us in a major way (unlikely given the German lockout extension), the technological setup would be invalidated.
If we see the support line holding tight, we can have a BUY opportunity in the 0.85534 zone.
*This is not financial advice. Do your own research before entering any trades.
EURO - A Retest of Time? Short Euro right now if you're interested in having patty cakes for breakfast. I'm incredibly bullish on Euro at the moment as it's broken above a bearish trendline from 2008. It's evidence to me this momentary consolidation on euro as it's breakout has recently just confirmed validates that it'll continue to see quite the massive upside from here. While there may be a momentarily consolidation in the 1.18-1.20 zone. (The Confirmation Point), this consolidation will be brief as it is like to ZERG into a 3 Eliot Wave Bullish Super Cycle.
I am expecting a retest of the high-point previously found on Euro and similarly a break of the ATH. My expected Target then there after would be somewhere in the region of 1.70. I'm curious what information would bring about such a target for the Euro, however I have a suspicion it may involve Bitcoin. Time will tell, however I believe our fellow banksters know a bit more about that than I. I'm just some kid from the blocks of Michigan.
This is my observation of what's occurring on Euro and this is your host: B2GG2B - Black to Gold, Gold to Black - Always dressed in all black.
Remember: Be too good, good to beat. Let's bake these breads ladies and gentleman.