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Eur-gbp

EURGBP head & shoulders, price struggle and new covid-19 news. In the curious case of EURGBP we have a very prominent struggle for price to push towards the upside. Price has struck the 0.90460 key area twice so far, with the second time creating a railroad track of sorts. Now with the third hit, at the right time (london gap) and forming a head and shoulders of sorts. We're in a prime sell reversal formation. Now I do expect price to move towards the 0.89805 point for +50 pips then consolidating/bouncing a little bit before ultimately pushing for more towards the 0.89477 price point. This is also backed by the recent news of the new covid-19 which will set back the currency.
Short
by mrleh
3
EUR/GBP Bullish: After sharp decrease it is going to increaseFirst of all I want to say that I am not professional on Forex Trading, I saw EUR/GBP and analyze it. Before The New Year, because of some fundamental reason EUR/GBP decreased sharply, now it try to catch up past level. In the analysis I draw 3 take profit line and I believe that it will come to third take profit line until this Friday or next week Wednesday. But there is one thing you should watch if price can not break any of this take profit line after some tries, most probably it will be flat at this level. GOOD LUCK!!!
Long
by sadigovbilal2
EURGBP looking up 🦐EURGBP on the 4h chart is moving inside a descending channel. The price is now consolidating between a daily support and a minor structure. IF the price will move above the structure, according to Plancron's strategy we can 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 a new bearish leg 🦐EURGBP after the test of the 0.89 weekly support at the end of November broke the descending channel and created a retracement move exactly until the 0.618 Fibonacci. The market touches with a spike the 0.786 before turning back down towards the weekly support. According to Plancton's strategy, we can expect the price to test again the 0.89 level and possibly move to the 0.87 monthly support. --–– 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.
Short
by InkyGrip
7
Long biasTREND Price is in uptrend, though its pretty MESSY. The most UGLY price action in EURGBP history. Long bias remains - halfyearly MA crossed above yearly MA. We should make a new HIGHER HIGH. The only moving average that make sense out of all this is Tilson MA, which has the best smoothing. I tried to apply emas, vwmas but they are not of much help. PRICE ACTION In terms of price action, we might fill the small gap to the downside, though not guaranteed. The shelf that price rejected from 2 days ago - might be "that is it". I would place a stop below weekly Camarilla opening range S1 and attempt a long here as in the past Monthly Tilson MA of 21 days acted pretty well as dynamic support in uptrends. I would target current weekly Camarilla R5 which makes new higher high. It is also point of release from the past. ==== If I am wrong - we fill the small gap to the downside to its point of release and see a reaction at half yearly MA. FOR EDUCATIONAL PURPOSES ONLY.
Long
by ICFX
EUR/GBP A Key Area!An interesting pair to watch over the coming days with Brexit now agreed and the European commission passing the deal through, the pound was expected to rally. Instead we've seen low level movement a no real sing of any strong direction and established trend. This morning we saw the FTSE open up indicating more stability in the market place, but as the financial markets were not mentioned in this deal we have heard rumours of banks pushing towards towards talks of negative interest rates again. One thing is for sure the deal was not a good one for the UK and early reports suggest will have a largely negative impact over the coming months.
by Orion-Markets
EURGBP bounce on the 0.618 🦐EURGBP after the last until the 0.92300 area retraced back. The price reaches the 0.9'0 level exactly at the 0.618 of the previous leg before starting a new impulse to the 0.91250 below a weekly structure. IF the market will break and close above the resistance area we will set a nice long order according to Plancton's strategy. --–– 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. Leave a comment that is helpful or encouraging. Let's master the markets together.
Long
by InkyGrip
2
EURGBP testing a daily support 🦐EURGBP after touching the 0.92300 level starts a bearish leg. The price has now broke the ascending trendline and is testing the daily support at 0.90100. IF the price will break and close below at the retest of the structure we can set a nice short order according to Plancton's strategy. --–– 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. Leave a comment that is helpful or encouraging. Let's master the markets together.
Short
by InkyGrip
10