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GBPEUR

Sterling: High volatility expected early next weekWell referenced political news is important. Sterling could see serious volatility next week if political pundits are correct about Theresa May being forced out of her premiership next week in relation to Brexit confusion. Rival MPs are already jostling for position as Wednesday is the big day. The uncertainties could send GBP pairs into high volatility between 15 min to 4H time frames. Avoid FOMO and getting stung, if you can.
by Captain_Walker
1
GBP/EUR - Ranging marketLast week price rallied to major resistance and, again, gave a sharp rejection. This week, so far, we have retested support from the supportive price area (green line) and the weekly 55EMA. Price is once again stuck within these ranging levels (between the red and green lines). I am bullish on this pair BUT I am staying out of this market until a Brexit deal is final. For those that wish to trade this pair it's advisable that you buy on the green line and short on the red line. Until one of those levels breaks it will continue to range. If we break below the green line the next level of support is the weekly 13EMA then the 1.1200 price level. If we can break above the red line then the next resistance is the 1.1600 price level then the weekly 200EMA (be cautious of a false breakout on this level). Be cautious with this pair. Brexit may be the catalyst we need to break the resistance.
Long
by MarkMcCartney
GBPEURPotential head and shoulders formation. A fairly premature prediction admittedly, however the first peak and head are formed which makes it very likely we could be seeing a head and shoulders pattern being created. GBPEUR has hit support twice in this timeframe and it looks like it could be heading back down to support and if it doesn't break support by rising again a head and shoulders pattern is very likely and it would be a good opportunity to buy on support. GBPEUR has broke resistance to emphasise a more prominent head but nothing significant as it looks like it could be heading back down.
by davesurman14
1
EURGBP: anticipating a break lowerThe range between 87.50 and 88.50 has been a significant zone for prices to trade at over the last 18 months. It was the high in the first half of 2017, and then the floor throughout the rest of the year, into 2018. Since September 2017, EURGBP has been falling back into this zone, forming a 5 month bearish pennant. This is marked in orange. Whilst this pattern may continue for some time, in the short-term momentum and relative strength has turned bearish too. On the 22nd February the MACD turned bearish, and the RSI into negative strength. Therefore the chance of a break lower has increased significantly from a week ago. 0.86 to 0.865 is the target for now.
Short
by MVedra
EURGBP range bound trade set-up to avoid Dollar messrectangle range set-up is one of the high potential trade set-ups since December last year, usually it breaks the rectangle to the downside. This pair is in range bound and have already tested the support twice, if price fail to break to the upside then the chances are price will break the counter-trendline and will break below the rectangle support. Wait for RSI to reach over bought region or break of the counter trend line to the downside in lower time frame or a potential upside move if price break the region which seems unlikely at the current price movement.
Short
by rf16saun