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Eur-gbp

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
Sterling stands as this week’s G10 laggard as Brexit...Sterling stands as this week’s G10 laggard as Brexit pessimism took the helm, with the fallout from the mid-week dinner between PM Johnson and EC’s VdL highlighting the outstanding differences and prompted both sides to play down the chances of a deal, with VdL and Johnson both stating a no-deal Brexit is the most likely outcome. Talks were given a “deadline” of Sunday, although a German official floated the possibility that talks may need a few days beyond this. From a domestic standpoint, the Thursday data-dump, saw GDP growth slowing to 0.4% MM in October from 1.1% in the prior month, manufacturing output increasing 1.7% MM in October and the trade balance flipped to a GBP 1.7bln deficit from a GBP 613mln surplus a month earlier, although the metrics were unsurprisingly overlooked. Sterling unwound the Brexit optimism that was baked in the prior week, with Cable sliding from its 1.3478 weekly peak to a base a 1.3134, taking out its 21 and 50 DMAs in the process and with the 100 DMA residing around 1.3090. Meanwhile, EUR/USD looks set for a flat close in what has been a busy week for the Eurozone (barring Brexit), from a monetary and fiscal front. First, the ECB’s policy announcement largely fell in-line with consensus whereby rates were maintained, PEPP expanded by EUR 500bln but extended by 9 months (vs exp. 6- or 12-months), TLTRO further calibrated and extended by 12 months. President Lagarde at the presser provided little by way of concrete commentary for markets to grip on, and remarks around the EUR were reiterations, although sources highlighted split views in the GC regarding the size of the PEPP expansion, the tweaks to TLTROIII and the economic outlook. Verbal intervention also came from GC member Villeroy who stated the central bank is vigilant on the exchange rate and all instruments are available on this. On the fiscal front, Hungary and Poland reached a deal to withdraw its veto of the EU budget and recovery fund and thus neutralising threats of delays. EUR/USD heads to the European close with a 1.21+ status having had notched 1.2558-1.2123 weekly band.
by FTUKcom
8
The uptrend continues!EURGBP started to rise at the end of November and for now it seems that this movement will not end soon. At the moment on the M30 we are in an upward trend and the price makes an adjustment in the form of a triangle. This is a good opportunity to get involved in continuing the movement towards the next resistance levels. And they are: 0.9160 0.9176 0.9196 The scenario fails when the previous bottom breaks. If you have questions about how to trade this or that situation, contact us! To support us, like and comment! comments!
Long
by ForexTrendline
3
GBP, EUR - Overall a stellar session for the Sterling in the...GBP, EUR - Overall a stellar session for the Sterling in the run up to the crucial meeting between UK PM Johnson and European Commission President VdL slated for 19:00GMT/14:00EST in a bid to overcome some hurdles within the three sticking points to pave the way for constructive negotiations. Sterling was lifted through 1.3400 (vs. low 1.3350) on the back of Cabinet Minister Gove intimating scope for a compromise on fisheries, whilst further optimism from the Irish PM only added to the tailwinds. That said, LPF is touted to be the most contentious issue, with some journalists also questioning the timeframe available to strike and ratify a deal. Nonetheless, Cable surpassed 1.3450 throughout the European morning to notch a session peak at 1.3478 at the time of writing with the 1.3500 level to the upside the next point of resistance, matching the Dec 3rd high. The firmer Sterling has also hampered gains in the Single Currency through the EUR/GBP medium, with the cross tumbling from its 0.9080 high to a base at 0.8983 and looking to end the European day around the 0.9000 mark. As Such, EUR/USD sees itself with slight losses heading into the close and off its ~1.2150 high and with an intraday base at 1.2100. Looking ahead, tomorrow’s docket from a European perspective is packed with risk events including UK GDP, Brexit follow-through, the EUCO summit and the ECB’s policy announcement. DXY - The broad Dollar and Index look set for a flat close to the European session, but with the latter still contained to the 90.688-934 range seen throughout the morning. Sights for the Buck remain on developments stateside as the House is expected to vote on a short-term spending bill today to avoid a government shutdown and the Senate could take up stopgap funding bill today, whilst Treasury Secretary Mnuchin also suggested 90% of the stimulus package will be completed today. Looking forward to tomorrow, US sees the release of its November CPI figures, but the ECB will likely dictate.
by FTUKcom
1
EURGBP - SWING - 09. DECE. 2020Welcome to our weekly trade setup ( EURGBP )! - 1 HOUR Very bearish price and closure! 4 HOUR Overall bullish waving market structure found its top! DAILY Expecting further downside towards main support level around 0.89470! - FOREX SWING SELL EURGBP ENTRY LEVEL @ 0.90230 SL @ 0.90760 TP @ 0.89470 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Short
by DACapitalTrading
17
EURGBP Weekly/Daily analysis 🦐EURGBP on the weekly chart created a double bottom on the 0.5 fib retracement level of the previous impulse. The price on the daily chart moved inside a descending channel that has been broken during this week with a nice bullish impulse. The market then retraced at the 0.5 fib level over a daily structure. IF the price will break above the daily structure at 0.90400 we can 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
12
EURGBP LONG SETUPSo after a long downtrend on the 4 hour we can see that the trend has been broken and the price is retracing to the previous high, also the zone where the market has been broken. The perfect entry will be around 0.90000, and we are expecting a lot of confluence which will consist of EMA-200 support, RSI hitting the low level and the bottom of bollinger bands, previous high support and trend break, and also bottom of an uptrend that is forming. The entry should be after the retest was made on the 4hour, and should be taken on the first retracement of the 15 minute retracement break to the upside. So after the retracement has completed, we will wait for the market to break to the upside on the 15 minute, wait for a retrace, then enter. TP 1- 0.90250, TP2 -0.90450, TP3-0.90700 or the -0.27 level of the fib if you want to keep it to breakeven. SL-0.89620, Or a tight one will be some pips under the retrace was made.
Long
by AdrianPetrea
2