EURGBP Expectations: UK Inflation and BoE's Decision this Week On Monday, the pound reached its highest level against the euro in 10 months, at 85.25 pence, as investors await the British inflation data and the upcoming Bank of England decision. However, the currency pair quickly rebounded to the support level of the previous week, at 85.42 pence, but is perhaps...
The current market price of EURGBP is sitting at support area. Considering the previous Daily price action, the price is forming lower highs into the support area which means buyers are not strong enough and sellers are rejecting any jump in price. The current price actions is forming a DESCENDING TRIANGLE, which is a bearish pattern. But it will be activated only...
When it comes to the technical analysis of EURGBP, you might get an impulse to the downside. Based on my technical analysis , there aren't many supports till the Target 1. So you may use this as a sell opportunity. If the price breaks Target 1, you may keep the position till Target 2. If you are going in, better find a pullback. I have marked a good entry area on...
1. Based on historical price movement the new price action is forming just same pattern it made few weeks ago. So same following pattern can be seen this time! 2. Also double bottom was spotted on weekly chart. 3. Supply Demand / Flag formation / Wedge formation. 4. Stay tuned for sniper entry. Follow for more 📊 ALL THE BEST!
Condition:- 1. Daily Channel Formation 2. W formation 3. COT data - 1. EUR ⬆️ 2. GBP ↕️ 4. Bullish Momentum Entry/SL/TP:- 1. Enter the market when price drops back to the entry level 2. Enter on 4hr for better entry
EURGBP Long R/R: 1:4 Feel free to share your opinions in the comment!
EURGBP Long R/R: 1:5 Feel free to share your opinions in the comment!
The weekly right side is up with a bullish sequence against the .6920 lows from 7/17/2015. The daily right side is up with a bullish sequence against the .8272 lows from 12/13/19. The 4 hour right side is up with a bullish sequence and the hourly is turning up against .8679. While above there the pair can see a turn higher.
The weekly right side is up with a bullish sequence against the .6920 lows from 7/17/2015. The daily right side is up with a bullish sequence against the .8272 lows from 12/13/19. The 4 hour right side is up with a bullish sequence against .8561. While above there the pair can see a turn higher. Short term signal @87.14- 87.04 TARGET : 87.94 STOP LOSS:...