My opinion for FX_IDC:EURGBP from a technical standpoint. I am waiting to see a few bars and their closes/touches.
EUR/GBP has bounced back from strong trendline resistance at 0.7408 in Tuesday's trade, successive Dojis at highs raises scope for downside. Despite recent consolidation, 0.7342 rising 10 DMA has held, close below would target pivotal rising 0.7289 20 DMA. Momentum studies are neutral, 5-DMA at 0.7363 is immediate support on the downside ahead of 0.7314 (23.6 %...
Read text written in the chart
EUR/GBP has bounced back from strong trendline resistance at 0.7382 in Monday's trade, Techs point further downside. 5, 10 & 20 DMAs trend north, Stochs on 4-hourly charts has rolled-over from overbought zone with a bearish crossover. Demand for Euro hit as higher Asian equities and modest recovery in the commodities space keep the market sentiment lifted. No...
Eurgbp looking pretty good at this time to trade long side , very smooth chart less noisy and still good opportunity to get enter the market for next big ride ( Hopefully )
EUR/GBP cross topped out around 0.7250 Thursday after big squeeze on EUR shorts after ECB disappoints markets with bare-minimum easing package Rally in the cross post ECB was capped below the daily cloud which is encouraging enough for a resumption of the downtrend On the day, the pair has failed once again at higher levels and dropped below 0.72 handle, is...
EUR/GBP topside capped by 21 DMA at 0.7079, further bullishness can be seen only on breaks above Breaks above could target 0.7100 (23.6 % Fibo of Oct 13 to Nov 17 fall) and then 0.7126 (Daily High Nov 10) Mooted offers at 0.71 are an appreciation obstacle beyond 21DMA, 0.7100 option expiry today, E309mn strike. 0.7098 = Nov 13 Ldn am high On the downside...
EUR/GBP fell to three-month low of 0.70227 after Paris terror strikes, but the pair was rejected at lows, has edged above the trend-line support at 0.7040 and is currently trading at 0.7067 Hanging man formation seen on daily charts, confirms uptrend, daily Stochs are at oversold levels, waiting for some unwinding to happen, close above 0.7040 will buoy bulls In...
EUR/GBP deflated by dovish Draghi comments which bolstered expectations for ECB to cut depo rate, expand/extend QE at Dec 3 meeting . The pair hit session lows at 0.7040 and has hence pared some losses to currently trade at 0.7056. Draghi said indications that inflation will recover are weakening and that if price stability is at risk, ECB would use all...
EUR/GBP was rejected at cloud base by 0.7196 on Friday. The pair has retraced from 0.7196 levels, was modestly bid in Asia, 0.7126 - 0.7146 range and is currently trading at 0.7141 Techs continue to suggest further downside for now, cloud base/100 DMA will stem further rises, pair has broken below 10 DMA at 0.7141, test of 0.7041 (Nov 5th lows) likely The pair...
On FX:EURGBP we have a nice potential structure based bearish ABCD pattern. PRZ could be between fibs 1.272 and 1.414 with the confluence of structure resist level; look left for more confluence. R/R is very nice as our stops go above red zone and targets will be fibs 38.2 and 61.8.. Avto_T Green Luck ----------------------------------------------------- ...
With EURGBP consolidating on the higher time frames my bias for this pair is bullish as it has just recently bounced off of some nice monthly support @ around .73400. However, I do not want to throw out the possibility of the market continuing lower so, in my analysis, I have drawn up two potential plays: one to the upside and one to the downside. Please note...
On FX:EURGBP , the price is in consolidation zone for last few days and there is no clear direction of a trend on 1H bars. There is a key zone area at 0.7341, because the price has reacted on that zone already few times; it getting close to that zone and it is more likely that that level would act as support at this case. In addition, Bat pattern appears which...
On FX:EURGBP , the price moves sideways and it found resistance at 0.7354 and support level at 0.7243. Price respected that support level last few times and it is expected it will do it again. During this market, the potential bat pattern appears, which gives clear guidance for enter, SL and TP. SL can be placed below support level. T1 - 38.2% T2 - 61.8% This...