EURGBP Buy Oppertunity (Trend Continuation) (INT)Looking to Buy EURGBP as its in a uptrend. We have seen price break previous resistance and now testing the new support. We can see price bounce up from Buy range or the 200MA. Target is 0.90500 (60-70pips).Longby shoaibghauri93Updated 1
EURGBP has reaffirmed support since last weekLast week EURGBP was the top euro cross gainer after it rose more than 1.80%. As protracted buying triggered a break of 100MA. Overnight the euro cross settles above 100MA confirming sustained upside sentiment. On the upside, despite recent 2.00% rally, we focus on the parallel resistance zone 0.8940-0.8970. A break above the higher end of the resistance zone may pave the way for further higher to 0.9000 and 0.9030. The flip side, support finds at 0.8860, 0.8820 and 0.8770. We recommend caution if the price could not push-and hold -above 0.8940 over the next day or two. Traders may need to focus on UK politics before chasing a move in EURGBP. Besides a weekly close above 0.8970 needed to forecast 0.9100/0.9140, moreover, the pickup of the weekly RSI and oscillator underlines the threat of further upside risk.by KeytoMarkets0
EUR/GBP Technical analysisThe EUR/GBP pair has formed a head and shoulder pattern on the daily charts. It has currently hovering around the neckline. We expect the bears to instigate strong pressure only it crosses the neckline. Shortby traderpulse0
Euro - Pound - Bearish Momentum still ongoingEntry :- Market Price Stop Loss :- 0.89222 Target 1 :- 0.87805 Target 2 :- 0.87237Shortby Akshath19941
A big bullish candle followed by inside bearsPrice can bounce from this resistence. Low risk trade. Regards.Longby sierraedd970
EUR/GBP Technical analysisThe EUR/GBP pair has formed a bullish white swan formation in the daily chart. It is also trading around its trendline and taking support. Hence, we expect the pair to be bullish for short term and move to price zone 0.89621. Longby traderpulse0
Downward pressure on EURGBPGBP spikes again on the latest positive Brexit headlines. EUR’s chief negotiator Barnier said agreement possible early November. UK macroeconomic news support GBP. The GDP MoM growth rate was 0.3% in May 2018, 0.1% in June and 0.3% in July. Today’s UK employment data is likely to provide a larger clue for EURGBP. The cross EURGBP has hit a fresh 2018 high in end of the August led by no-Brexit pricing but rejected at the 61.8 fib reaction of 0.9598-0.8300. Turning to the technical picture, the daily studies RSI is below 50.00, and the oscillator is remaining bearish. Moreover, the cross has lost both its 20 and 50MAs and currently trading tad above 100EA. The crucial, pivotal level, which will act as crucial support, is placed at 0.8890. Below here, the focus will move down to 0.8860 its 50.0% fib reaction, followed by 0.8850 it’s 20MA (Weekly) and 0.8830 its 200MA. Fresh catalyst (Today’s UK employment data and ECB meeting, Thu) needed to forecast further retracement to 0.8800 and 0.8730. The shift in the 4hr chart indicates rallies to resistance at 0.8940/0.8960, 0.9000 and 0.9030 should attract selling interest.Shortby KeytoMarkets0
Bearish Move coming in EURGBPEURGBP is starting to show bearish signs with a lower high formation. Bearish view will be confirmed on break of 0.8938. Down move can extend to 0.8875/25. MACD flat to bearish indicating bearish bias.Shortby financialmarketsalgorithms1
EURGBP: Developing bullish ABC structureThe GBP crosses were outperformed across the board, but the cable closed with marginal losses. On Tuesday, EURGBP falling briefly below 0.8900 levels but manage to hold the 20MA and closed at 0.9000 levels. Ahead of the today’s macroeconomic data risk, now, the support for the EURGBP will now come in between 0.9000- 0.8990 while bulls only regain strength only above 0.9035 targets at 0.9060 and 0.9080. A break of 0.9100 level would be needed to initiate a stronger recovery to 0.9140 its 61.8% fib reaction. Note that a drop below 0.8940 needed to forecast a serious trend change.Longby KeytoMarkets1
buy green arrow ...strong supportbuy green arrow may be market come to retest its broken channel...long from green arrow...Longby kakkar0
A trading opportunity to Sell in EURGBPMidterm forecast: While the price is below the resistance 0.9305, beginning of downtrend is expected. We make sure when the support at 0.8965 breaks. If the resistance at 0.9305 is broken, the short-term forecast -beginning of downtrend- will be invalid. Trading suggestion: There is a possibility of temporary retracement to suggested resistance zone (0.9045 to 0.9085). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.90450) Ending of entry zone (0.90850) Entry signal: Signal to enter the market occurs when the price comes to " Sell zone " then forms one of the reversal patterns, whether " Shooting Star " or " Peak ", in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and special version of our " Price Action " strategy FOLLOW our lessons: Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 53. Take Profits: TP1= @ 0.90050 TP2= @ 0.89650 TP3= @ 0.88950 TP4= @ 0.88500 TP5= @ 0.88100 TP6= @ 0.87250 TP7= @ 0.86200 TP8= @ 0.84000 TP9= @ 0.81200 TP10= @ 0.78400 TP11= @ 0.74950 TP12=@ 0.69350 TP13= FreeShortby ForecastCity443
EURGBP traced out a double top patternThe euro cross traced out a near-term price top near 0.9030 in 2017-2018 via the formation of a double top pattern. The daily studies RSI and oscillator have been shifted bearish. The shift in sentiment indicates that rallies to resistance at 0.8970-0.9030 should attract selling interest, with substantial support finds at 0.8900 and 0.8840. Below here, the focus will move down to 0.8770 and 0.8730-0.8700. Two weeks: forecast: Potential threats remains between 0.9030-0.9080. We look to capitalize on these developments by suing moves to 0.9030-0.9070 as a selling opportunity, with a take profit at 0.8850. To limit the risk use, stop above 0.9080 on a weekly closing basis.Shortby KeytoMarkets0
EURGBP: Wait for a catalystEURGBP was quiet last week within the recent ranges with no significant technical developments. The euro cross manages to keep last week’s gains and is now trading at the key resistance zone 0.8935-0.8960. Looking ahead the euro calendar is quiet besides the UK Q2 GDP is the catalyst for the cross this week. A daily close above 0.8970 could rally further to 0.9030 and 0.9050 its 61.8% fib reaction. Supports are at 0.8880 and 0.8840 its weekly pivotal.Longby KeytoMarkets0
buy green arrow...hi guys if market touch first time near green arrow just buy...bcz its over strong support...Longby kakkar0