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EURGBP

British Pound can correct to support line and then start to growHello traders, I want share with you my opinion about British Pound. By observing the chart, we can see that the price some time ago rebounded from the support line and made an upward impulse to 0.8765 points, thereby breaking the 0.8700 resistance level, which coincided with the seller zone. After this, the price rose a little more and then started to decline in a downward channel, where it in a short time fell to the 0.8700 level. EURGBP tried to rise, but failed and declined lower than 0.8700 level, breaking it again. After the breakout, the price some time traded near this level and then continued to move down to 0.8620 current resistance level. When the price fell to this level, it rebounded and tried to reach the resistacne line of the channel, but not long time ago British Pound around down and broke the 0.8620 level. Now it trades below and I think the price can decline to the support line and then rebound up to the resistance line of the downward channel, thereby breaking the resistance level. For this case, I set up my target at the 0.8635 level, which coincided with the support line. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
4
Eurgbp, more downside to come,*Fire in the Hole*! **Find out more from my Tradingview Stream this week** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Interested in following me and getting daily updated analysis? Like and follow me on Tradingview for fast updates! Thank you! ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
Short
by Shadowing_The_Big_Boys
EURGBP Will Go Lower! Short! Here is our detailed technical review for EURGBP. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 0.868. Taking into consideration the structure & trend analysis, I believe that the market will reach 0.866 level soon. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
Market Analysis: EUR/GBP Slides Below SupportEUR/GBP declined heavily below the 0.8720 and 0.8695 support levels. Important Takeaways for EUR/GBP Analysis Today · EUR/GBP is trading in a bearish zone below the 0.8720 pivot level. · There is a major bearish trend line forming with resistance near 0.8695 on the hourly chart at FXOpen. EUR/GBP Technical Analysis On the hourly chart of EUR/GBP at FXOpen, the pair started a major decline from well above 0.8745. The Euro traded below the 0.8720 and 0.8700 support levels against the British Pound. The EUR/GBP chart suggests that the pair even declined below the 0.8695 level and tested 0.8675. It is now consolidating losses and trading below the 50-hour simple moving average. The pair is now facing resistance near a major bearish trend line at 0.8695. It is close to the 23.6% Fib retracement level of the downward move from the 0.8765 swing high to the 0.8672 low. The next major resistance could be 0.8720. The 50% Fib retracement level of the downward move from the 0.8765 swing high to the 0.8672 low is also at 0.8720. A close above the 0.8720 level might accelerate gains. In the stated case, the bulls may perhaps aim for a test of 0.8745. Any more gains might send the pair toward the 0.8765 level. Immediate support sits near 0.8675. The next major support is near 0.8650. A downside break below the 0.8650 support might call for more downsides. In the stated case, the pair could drop toward the 0.8600 support level. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
EURGBP Is Bullish! Long! Here is our detailed technical review for EURGBP. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 0.869. Considering the today's price action, probabilities will be high to see a movement to 0.875. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
EURGBP H4 | Potential bullish reversalEURGBP is falling towards a pullback support and could potentially bounce off this level to rise towards our take-profit target. Entry: 0.86887 Why we like it: There is a pullback support level Stop Loss: 0.86604 Why we like it: There is a pullback support that lies underneath the 127.2% Fibonacci extension level Take Profit: 0.87251 Why we like it: There is a pullback resistance level Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
EURGBP Set To Grow! BUY! My dear followers, This is my opinion on the EURGBP next move: The asset is approaching an important pivot point 0.8694 Bias - Bullish Safe Stop Loss - 0.8681 Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 0.8725 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
2
EURGBP - Price can rise a little and then bounce down to $0.8665Hi guys, this is my overview for EURGBP, feel free to check it and write your feedback in comments👊 After price entered to rising channel, it reached $0.8720 resistance level, which coincided with resistance area. Price broke this level and rose to resistance line of channel, but soon it bounced below $0.8720 level to support line, exiting from channel. Later British Pound bounced from support line and made upward impulse to $0.8765 points, breaking $0.8720 level again. But then, price started to decline in falling channel, where it broke support line and fell below resistance level. British Pound tried to back up, but failed and now trades near support line of falling channel, so I think it can rise a little. Then price can continue to decline to $0.8665 support line of channel. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
Strifor || USDJPY-21/11/2023Preferred direction: SELL Comment: The Japanese yen also performed well, and it was shorts on this pair that allowed us to close the target on the previous trading idea. Now the bearish mood remains and in the near future the long-awaited level of 147.801 is expected to be touched. Near this level, especially below it, there is immediately quite impressive liquidity, which can show itself in any way, and we will know this only after touching it. The main scenario assumes that we will approach this level almost without obstacles and test the area below it. The second scenario, less likely, is that the price will pause a little before reaching the specified level, but even in this case, it is expected to fall to the same target. Thank you for like and share your views!
Short
by Strifor
10
Strifor || EURUSD-21/11/2023Preferred direction: SELL Comment: The euro worked out exactly our previous long scenario. At the moment, the growth is most likely exhausted in the short term and a pullback is expected. The rollback is expected to be towards the nearest support at 1.07750. This is the main scenario. The second scenario assumes that buyers will be able to gain a foothold at current levels, which is unlikely, of course. However, we cannot completely rule out this scenario. Both variants are indicated on the chart. Thank you for like and share your views!
Short
by Strifor
6