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Eur-gbp

EURGBP a turn at the 0.786 🦐EURGBP tested the 0.786 before starting an impulse to the daily resistance area in blue. According to Plancton's strategy if the price will break above we will set a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
12
EURGBP Chart AnalysisHi everyone I hope you are well After the previous analysis and reaching the price of 0.8613, we saw a fake break in the resistance trend line and the price acted according to the second scenario and dropped to the support level at 0.8510. Currently, the price is facing significant support and we expect the price to return from the same level. If the candlestick forms a candlestick pattern in the next four hours, you can enter the purchase by stopping below the support area . 📣 Attention 📣 ⚠️ 1. We publish this trading idea to help analysts, so if you have an idea that you think is right, do not be influenced by this idea. ⚠️ 2. All our analysis and signals are provided free of charge, so we have no obligation to make any profit or loss on our signals and analysis. ⚠️ 3. If you have an idea, write to us in the comments section, we will be happy to use your idea in our analysis.
by fx_iranian_traders
EURGBP facing bearish pressure, potential for further downside!Price is facing bearish pressure as it continues to hold below the descending trendline, moving average and Ichimoku cloud resistances. We could see a reversal at 1st resistance, in line with 61.8% Fibonacci retracement, 78.6% Fibonacci extension, descending trendline resistance and horizontal pullback resistance, and further downside towards 1st support, in line with -27.2% Fibonacci retracement and 78.6% Fibonacci extension. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
Short
by TradeGATEHub
EURGBP approaching resistance, potential reversal!Price is approaching 1st resistance, in line with 61.8% Fibonacci retracement, 100% Fibonacci extension and horizontal overlap resistance, where we could see a reversal and further drop towards 1st support, in line with 78.6% Fibonacci retracement, 78.6% Fibonacci extension and horizontal swing low support. Price is also holding below moving average and descending trendline resistances, showing signs of bearish pressure. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by TradeGATEHub
We remain short EUR/GBP in cash - NomuraIn the UK, the debate is centred on whether the government will decide to go ahead with the 19 July reopening (we expect most of the discussedloosening to materialize, but with some COVID-19 rules to remain for a bit longer) and if and when the BOE will turn more hawkish. Given the rise in the “Delta variant” and the delay in reopening the UK, UK equity outflows in June have weighed on the currency more than we expected. The BOE has also been more cautious than the Fed on rising inflation but, given the UK’s price pressures seen in the survey data, it appears to be just a matter of time before they need to become a bit more accepting of the idea. While we remain EUR optimists, GBP benefits from high exposure to the reopening trade (via equity sector exposure and reflation) and has a central bank that is more likely to tighten policy than the ECB. Thus, we remain short EUR/GBP in cash (target 0.83 by year end) but do note that it is unclear what will happen before the government makes its decision on the roadmap.
by thunderpips
1
EURGBP | SHORT | Areas of InterestDaily Trend: SELL LP Sentiment: -32% Looking for a pull back into the Sell-side imbalance area for a move lower. We did not get a pull back on Mondays, so I am hoping that we should see the mark up of prices for better Sell side prices News Retail Sales @ 9am BST which could cause the market to become volatile for a short period. This could be good or bad but lets hope it moves the market into our favoured direction Focus on seeing this setup happen in the London Session. Don’t forget to follow us on tradingview Happy Trading Mr Ionic
Short
by Little_Big_Movement
EUR/GBP - Bullish View and Multi-Timeframe AnalysisGood morning, traders! Today we bring an analysis in EUR/GBP since it is in an interesting situation and it is possible that it presents a buying opportunity in the short term. will analyze this chart in two higher timeframes (Weekly and Daider to appreciate the scenario better. 🔸Weekly Chart: On the Weekly chart, we can see that the price was in a range about 6 years ago. While it didn't make it to the external low, we see that it had a strong bounce off inside support recently, which is a bullish sign. Although it is an important event, it is not enough to decide it. What we need is to reduce the timeframe a bit and analyze the situation with a magnifying glass. For this, we are going to talk about the Daily graph (Published): 🔸On the Daily chart, we see that after the rebound in the support zone, the price broke the Descending Trendline. This is another bullish sign. Currently, it is in a corrective process. We are waiting for a breakout to the upside to confirm the bullish continuation. When taking a trade, something optimal to consider is to have a better risk-benefit ratio; we could wait for a retest or correction in a shorter timeframe after this breakout.
Long
by ThinkingAntsOk
1
EURGBP facing bearish pressure | 1st July 2021EURGBP is facing bearish pressure as it continues to hold below moving average resistance. A break and close below Sell Entry, in line with horizontal swing low support, 61.8% Fibonacci retracement and 61.8% Fibonacci extension, could see price swing towards 1st Support, in line with horizontal swing low support and 127.2% Fibonacci extension. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Short
by FXCM
1
EURGBP approaching support | 29th June 2021EURGBP is approaching Buy Entry, in line with 50% Fibonacci retracement, 50% Fibonacci extension, and moving average support. We could see a bounce and further upside towards Take Profit, in line with 61.8% Fibonacci extension and horizontal swing high resistance. Price is also holding above moving average support, showing bullish pressure. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Long
by FXCM
1