EUR/GBP intraday buyEUR/GBP intraday May rise 32-47 PIPS the upside prevails as long as 0.9085 is support
EURGBP trade ideas
EUR/GBP intraday buyEUR/GBP intraday May rise 34-49 PIPS the upside prevails as long as 0.9046 is support
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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EUR/GBP intraday buyEUR/GBP intraday May rise 35-51 PIPS the upside prevails as long as 0.9094 is support
EURGBP AnalysisUpdating the EURGBP version.
Taking into account an extensive wave 1, I believe that wave 3 will not have the strength to reach 1,618% of Fibo, although this can happen.
For the rest, the same idea as the previous analysis!
EURGBP shortLooking to sell when price closes below previous lower low (0.90500). Targeting the level where rsi indicated an overbuy on the uptrend.
EURGBP nice tradeWave one ended. Now we are in a process of retraction, that is, we will have a drop down to the region of 0.5% Fibo (wave two).
In the magic square, monitor the price and make the purchase to bull market when the third wave starts.
Until Friday I believe the targets will be hit.
Short EURGBP @ 0.90302 Target 0.8930 SL 0.90450EURGBP has broken its trendline hourly trendline and has come for a throwback to retest the resistance. short this currency for atleast a month.
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.
EUR/GBP intraday buyEUR/GBP intraday May rise 35-52 PIPS the upside prevails as long as 0.8970 is support
EUR/GBP intraday buyEUR/GBP intraday May rise 33-49 PIPS the upside prevails as long as 0.9011 is support
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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ForecastCity English Support Team ❤️
