GBPEUR trade ideas
Analysis on EURGBPThe EURGBP has a channel breakout and has gone up.
It will fall a bit hit the new support and then bounce back
EUR/GBP intraday buyOur pivot point is at 0.8598.
Our preference:
as long as 0.8598 is support look for 0.8664.
Alternative scenario:
the downside breakout of 0.8598 would call for 0.8573 and 0.8559.
Comment:
the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is above its 20 and 50 MAs (respectively at 0.8618 and 0.8591).
EUR/GBP intraday buyOur pivot point is at 0.8511.
Our preference:
as long as 0.8511 is support look for 0.8579.
Alternative scenario:
below 0.8511, expect 0.8487 and 0.8472.
Comment:
the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 0.8529 and 0.8504).
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
EUR/GBP intraday buyOur pivot point stands at 0.8417.
Our preference:
as long as 0.8417 is support look for 0.8484.
Alternative scenario:
below 0.8417, expect 0.8393 and 0.8379.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is above its 20 and 50 MAs (respectively at 0.8437 and 0.8414).
EUR/GBP intraday BUYOur pivot point stands at 0.8342.
Our preference:
rebound.
Alternative scenario:
the downside breakout of 0.8342 would call for 0.8319 and 0.8304.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the pair stands above its 20 MA (0.8365) but below its 50 MA (0.8366).
EUR/GBP intraday BUYOur pivot point is at 0.8374.
Our preference:
as long as 0.8374 is support look for 0.8438.
Alternative scenario:
the downside breakout of 0.8374 would call for 0.8351 and 0.8337.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is below its 20 MA (0.8395) but above its 50 MA (0.8387).
EUR/GBP intraday SELLOur pivot point stands at 0.8389.
Our preference:
the downside prevails as long as 0.8389 is resistance.
Alternative scenario:
the upside breakout of 0.8389, would call for 0.8413 and 0.8427.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 0.8373 and 0.8376).
EUR/GBP intraday BUY0.8345 is our pivot point.
Our preference:
as long as 0.8345 is support look for 0.8412.
Alternative scenario:
below 0.8345, expect 0.8321 and 0.8307.
Comment:
the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is above its 20 and 50 MAs (respectively at 0.8361 and 0.8335).
EUR/GBP intraday BUYOur pivot point is at 0.8287.
Our preference:
rebound towards 0.8350.
Alternative scenario:
the downside breakout of 0.8287 would call for 0.8263 and 0.8249.
Comment:
the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the pair stands above its 20 MA (0.8305) but below its 50 MA (0.8312).
EUR/GBP intraday BUYOur pivot point stands at 0.8311.
Our preference:
as long as 0.8311 is support look for 0.8370.
Alternative scenario:
the downside breakout of 0.8311 would call for 0.8289 and 0.8276.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is trading under its 20 MA (0.8331) but above its 50 MA (0.8324).
