Eurgbpanalysis
EURGBP - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on EURGBP.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for shorts. I expect price to continue the retracement to take buy stop liquidity and to fill the imbalance after that to reject from bearish order block.
Fundamental analysis: We have news events on GBP on Wednesday 19th of April, will be released CPI. Pay attention to the results in order to validate the analysis.
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DeGRAM | EURGBP at major resistanceEURGBP is approaching a major resistance level and dynamic resistance.
Price broke out of the descending channel and made a two-legged move.
The market printed a bearish harmonic pattern, which adds more confluence to the level.
We anticipate a sell off and bearish move.
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DeGRAM | EURGBP retracementEURGBP is in a descending channel and in a bearish trend .
Price broke and closed below the psychological level o f.88000.
We expect the price to retest the support levels and further move down from resistance + 50% fibo level.
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EURGBP - FUNDAMENTAL AND TECHNICAL VIEW#EURGBP
- Currently the MARKET SENTIMENT for EURGBP is slightly on the UP SIDE. The main reason for that is the POSITIVE RISK SENTIMENT for EUR. Also, even if BOE RATE HIKE, we were not able to see BOE's intervention.
The reason for a POSITIVE SENTIMENT in EUR is that the USD has been quite WEAK in recent weeks. But a good UP SIDE BIAS is coming for EUR now with the MARKET SENTIMENT. Due to this reason, all MARKETS including STOCKS can be seen to be UP due to MARKET RISK being ON. It affects the EUR in a big way. The ECB did a RATE HIKE. BOE also did a RATE HIKE last week.
- EURGBP can definitely go up to the SUPPORT LEVEL below. Due to USD WEAK, EUR may be quite STRONG. Accordingly, EURGBP can be slightly SELL until the 0.8700 LEVEL. And after that EURGBP can be BUY to the 0.8958 LEVEL. The given STRUCTURES should be BREAKED for that...
EURGBP BUYSHello Traders, If EURGBP fail to break 0.87766 then we would expect bullishness from that level looking at the daily TF 0.87211 is our main lows on The daily TF and also it’s a fib 0.61 fib area…
So going down to H1 TF zone 0.87766 Is also an area of interest which is also our lows on H1 still also a 0.61 fib level
EURGBP - Short active ✅Hello traders!
‼️ This is my perspective of GBPAUD .
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for shorts. I expect bearish price action from here as price rejected from bearish order block. We have 2 imbalances lower that have to be filled, so I am targeting those zones.
Fundamental analysis: Tomorrow we have news event on GBP, the release of yearly CPI, the result of this news could invalidate my analysis. As well on Thursday 23rd of March we have news events on GBP. Bank of England planned to raise interest rate by 0,25% supported by a Press Conference. The raise of interest rate means strength of currency which could support our bullish price action.
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EURGBP - FUNDAMENTAL AND TECHNICAL VIEW#EURGBP
- Currently the MARKET SENTIMENT for EURGBP is slightly on the UP SIDE. The main reason for that is the POSITIVE RISK SENTIMENT for EUR. Also, even if BOE RATE HIKE, we were not able to see BOE's intervention.
The reason for a POSITIVE SENTIMENT in EUR is that the USD has been quite WEAK in recent weeks. But a good UP SIDE BIAS is coming for EUR now with the MARKET SENTIMENT. Due to this reason, all MARKETS including STOCKS can be seen to be UP due to MARKET RISK being ON. It affects the EUR in a big way. The ECB did a RATE HIKE. BOE also did a RATE HIKE last week.
- EURGBP can definitely go up to the SUPPORT LEVEL below. Due to USD WEAK, EUR may be quite STRONG. Accordingly, EURGBP can be slightly SELL until the 0.8700 LEVEL. And after that EURGBP can be BUY to the 0.8958 LEVEL. The given STRUCTURES should be BREAKED for that...
DeGRAM | EURGBP psychological level of 0.8800EURGBP is in descending channel and in a bearish trend.
Price bounced off the psychological level of.88000 that was tested multiple times before.
We expect the price to retest the support levels and further move down to the psychological level of 0.86000 + resistance + 50% fibo level.
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EURGBP - Bullish price action ✅Hello traders!
‼️ This is my perspective on EURGBP.
Here I have already opened a long position as price took liquidity below previous daily low and mitigated bullish order block. My target is previous daily high and bearish order block.
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