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Eurgbpanalysis

EURGBP - FUNDAMENTAL AND TECHNICAL VIEW#EURGBP - Currently the MARKET SENTIMENT for EURGBP is slightly on the DOWN SIDE. The main reason for that is the NEGATIVE RISK SENTIMENT for EUR. And we can mention BOE intervention. The reason for positive sentiment in EUR is USD SELL. But a good UP SIDE BIAS is coming for GBP 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. - EURGBP can definitely go up to the RESISTANCE LEVEL above. Due to USD WEAK, EUR may be quite STRONG. Accordingly, EURGBP can go up slightly until the 0.8812 LEVEL. And after that EURGBP can be SELL to 0.8500 LEVEL. The given STRUCTURES should be BREAKED for that.
by benny_marshall
1
EUR / GBP bullish short term outlookEUR / GBP: Bullish outlook despite the pullback on November 10th and the fact that price found support above the 40 week (200 day) moving average which also intersects at 0.8686 (the 50% retracement from 4 week high / low) indicates the pair may have strong buyer support, this can be further supported by the fact that current price remains above its 4 week moving average, as well as the fact that both 4 and 13 week rate of change indicators are above their respective signal lines ( above zero), this technical conclusion supports the prospects for a bullish outlook over the short term (5-25 days) with upside potential targets near 0.8870 (Oct 12 high) and 0.8930 (38.2% retracement from the 13 week high low).
Long
by Skilling
EURGBP: The market is preparing for the NEXT IMPULSE! (setup)Hello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the EURGBP, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. Top Down Technical Analysis: Since the end of September, this market performed a really strong bearish impulsive phase, correcting and moving following the same bias for a while. In mid of October, we could see a formation of a potential bearish structure, and we were able to take some profit form that movement. Eventually, as expected, there was a possibility to see the general structure evolving in a bigger structure and currently, after a retest of the level 0.8800 and a formation of the rising channel, the price is nicely moving to the downside. All the confluences are in line with the main HTF momentum and we will be looking to short the market targeting the bottom of the LTF structure, at around 0.85700. When, where and why would we step into the market? The price currently broke the LTF structure, and we are waiting for some correction before place a short position on this trade, whenever the correction will be completed. It would be a clued of a potential market continuation and we believe in an interesting opportunity! If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias! Sincerely, Cybernetics Trading Lab DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose.
Short
by Cybernetics_tl
12
EURGBP LongWhen we move onto the weekly time frame. We can see a sharp moved took place around the week of the 29th of August. This resulted the price breaking a weekly structural level which has been holding steady since around May of 2021. This combined with the breakout on a falling wedge pattern on the daily time frame add to our narrative of looking to go long on the EURGBP pair. We expect a return of between 13 %to 17% depending on how much you are willing to risk per trade.
Long
by NDOBObanks