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Europound

EUR/GBP:Knife CatchingNot to promote Knife catching but every time we have had a retracement, we have seen a subsequent rally. Clear unbroken upward trend, therefore buying in over here would not be the worst move. Eurozone has far more momentum than the UK due to response to the coronavirus and opening much sooner- will that thus relate to the value of the Euro? or as usual the weak proponents of the Euro average out the gains of the good. We shall see. -Megalodon Whales (Rahim) Enjoyed charting for you, please give me your opinions on the idea and you are welcome to drop yours below too :) FX:EURGBP
Long
by BoSukas
4
Don't miss the great sell opportunity in EURGBPTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.8975). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURGBP is in a range bound and the beginning of downtrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 40. Take Profits: TP1= @ 0.8925 TP2= @ 0.8875 TP3= @ 0.8825 TP4= @ 0.8795 TP5= @ 0.8685 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity
24
Don't miss the great buy opportunity in EURGBPTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.8441). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURGBP is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 60. Take Profits: TP1= @ 0.8595 TP2= @ 0.8802 TP3= @ 0.9086 SL= Break below S2
Long
by ForecastCity
20
Don't miss the great buy opportunity in EURGBPTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.8441). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURGBP is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 60. Take Profits: TP1= @ 0.8595 TP2= @ 0.8802 TP3= @ 0.9086 SL= Break below S2
Long
by ForecastCity
25