EURGBP, Weekly analysis, Sep 21-25Euro against pound pair has seen downtrend during last week, almost it went down 50% from the this month up, now its clearly landed up in the support area , expected this pair will have a bullish week, when GBP goes down, few fundamentals also supports the bearish GBP, so , This pair has a great chance to go up,
EURGBP
Two Sell opportunities on this chart for EURGBPMid-Term Forecast
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.918). 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 above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 53.
Take Profits:
TP1= @ 0.9060
TP2= @ 0.8970
TP3= @ 0.8860
TP4= @ 0.8685
TP5= @ 0.8475
SL: Break Above R2
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Short-Term Forecast
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.9175). 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 above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 40.
Take Profits:
TP1= @ 0.9105
TP2= @ 0.9060
TP3= @ 0.9015
TP4= @ 0.8965
TP5= @ 0.8865
SL: Break Above R2
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Don't miss the great sell opportunity in EURGBPTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.91). 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 above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 30.
Take Profits:
TP1= @ 0.905
TP2= @ 0.903
TP3= @ 0.900
TP4= @ 0.894
TP5= @ 0.887
SL: Break Above R2
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Don't miss the great sell opportunity in EURGBPTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.9095). 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 above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 40.
Take Profits:
TP1= @ 0.9030
TP2= @ 0.9006
TP3= @ 0.8970
TP4= @ 0.8940
SL: Break Above R2
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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
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EURGBP - SHORTThe counter EURGBP was travelling in the ascending channel from 09th June. Today the counter broke out the channel at the price 0.8998 and the price is expected to move downwards. Short is more preferable for this counter and the bearish trend is expected to start soon.
Place your stops above R2.
Don't miss the great sell opportunity in EURGBPTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.9055). 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 41.
Take Profits:
TP1= @ 0.9025
TP2= @ 0.8985
TP3= @ 0.8930
TP4= @ 0.6905
TP5= @ 0.8815
SL: Break Above R2
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Great Chance - GO SHORT EURGBP - BIG DOWNTREND is WAITINGEverybody knows that head and shoulder is formed and waiting for the short entry. Here the time is:
Enter SHORT around 0.8965
Stoploss : Above Right Shoulder around 0.9014
Targets : 0.8920/0.8870/0.8700
Also do trendline as a trailing stoploss for capturing the entire downtrend.
NOTE : This is my suggestion and do your own analysis. There is a chance for stoploss hunting beware of it.
SELL EURGBP!!!There's a strong resistance here(weekly). So, we can take a nice short here for the target shown in the chart!!! Prices also showing good pullback downside so, it may be a good trade for us !!!
Also, last week prices take good upside route and a recovery to downside is strongly expected from here...
That's all for now...
Follow for more!!! :)
Don't miss the great sell opportunity in EURGBPTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.9016). 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 above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 59.
Take Profits:
TP1= @ 0.8863
TP2= @ 0.8682
TP3= @ 0.8591
SL: Break Above R2
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Hit the 👍 LIKE button,
Drop some feedback below in the comment!
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Trade well, ❤️
ForecastCity English Support Team ❤️
BUY EURGBP!!!On Friday, EURGBP hovered around 0.89400 levels which holds a good support according to both Bollinger Bands and trend channel formed in 4 hr chart.
So, we can long this pair for approx. 0.90100 levels as take profit. It has high chances that price will test that range this coming week or maybe higher as we see from a Daily perspective.
So, we are bullish on daily chart also.
It is a great opportunity in EURGBP to grab!!!!
Stay updated and follow me for more!!! :)