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Eurgbpanalysis

EURGBP - FUNDAMENTAL AND TECHNICAL VIEW - There is not much important news today for EUR or GBP. But this week's LOW IMPACT for EUR, but some very important news will be released. So we definitely need to keep an eye on the EUR on Friday. - EUR FEATURE currently stands at 1.0695 LEVEL. We can see a very UP TREND compared to the previous days. The reason for this is that ECB has given a very HAWKISH CENTRAL BANK UPDATE. It is located above the EURGBP DYNAMIC S / R LEVELS. Also the GBP FEATURE stays at 1.2720 LEVEL. The EURGBP PRICE is priced below the DYNAMIC S / R LEVELS. Therefore, most of the time the PRICE can be sold in the form of a STRUCTURE and BUY. Before that a RETRACEMENT can come to DYNAMIC S / R LEVELS. - Currently the SENTIMENT of the OVERALL MARKET is NEUTRAL. But it's too heavy for RISK ON status. Also the EQUITIES are turning a bit GREEN. VIX INDEXES UP UP. Also COMMODITIES now shows a UP SIDE BIAS. Currently the market has NEUTRAL BIAS. But due to EQUITIES UP, COMMODITIES UP the MARKET RISK is ON. This MARKET CONDITION status has managed to DOWN CURRENCIES AUD, NZD, GBP. - EURGBP PRICE can be DOWM to 0.8353 LEVEL before UP. Then you can UP to LEVEL 0.8498. Then you can UP to LEVEL 0.8498. Also the MARKET SENTIMENT may change this week. RISK can be ON. So stay tuned for how the ECONOMIC INDICATORS and MARKET SENTIMENT change.
by benny_marshall
EURGBP is fluctuating in a neutraThe pair is fluctuating in a neutral range in weekly timeframe At a shorter time frame it is descending into an ending channel that has reached the bottom of the long neutral channel. It seems that it can be a good range to buy according to RSI and MACD indicators. Fundamentally, the euro seems to have weakened enough against the pound over the past year, and signals from the euro to slowly raise interest rates could slowly push the pair toward its long-term channel ceiling. Euro data should be monitored in the coming weeks *** plz write me ur idea ***
Long
by MoHaMMaD_HZZ
EURGBP - FUNDAMENTAL AND TECHNICAL VIEW- Today we do not see such an important news for EUR or GBP as before. Because today is a holiday and today is Monday, MARKET LIQUIDITY is a very short day. GOV. There is a Bailey Speak this week. They will be very important for GBP. - EUR FEATURE is currently trading at 1.08255 LEVEL. We can expect a very DOWN TREND compared to the previous days. This is because of the fact that ECB offers very DOVISH CENTRAL BANK UPDATES. It is located below the EURGBP DYNAMIC S / R LEVELS. Also the GBP FEATURE stays at 1.3026 LEVEL. The EURGBP PRICE is priced below the DYNAMIC S / R LEVELS. Therefore, most of the time the PRICE can be sold in the form of a STRUCTURE and BUY. Before that a RETRACEMENT can come to DYNAMIC S / R LEVELS. - Currently the SENTIMENT of the OVERALL MARKET is NEUTRAL. But it's too heavy for RISK OFF status. Also the EQUITIES are turning a bit GREEM. VIX INDEXES UP UP. Also COMMODITIES now shows a UP SIDE BIAS. Currently the market has a NEUTRAL BIAS. But because of VIX UP, EQUITIES DOWN, COMMODITIES DOWN the MARKET RISK is OFF. This MARKET CONDITION status has managed to DOWN CURRENCIES AUD, NZD, GBP. - The EURGBP PRICE can be UP up to 0.8303 LEVEL before UP. Then it can be DOWN to 0.8222 LEVEL. Then you can UP to LEVEL 0.8498. Also the MARKET SENTIMENT may change this week. RISK can be ON. So stay tuned for how the ECONOMIC INDICATORS and MARKET SENTIMENT change.
by benny_marshall
2
EURGBPThe euro is approaching a very important region on the longer-term charts as far as support is concerned. The 0.82 level being tested is a big deal, and if we were to break down below that level, the bottom will follow out of this pair. More likely than not, we will get a short-term bounce, but I would be a seller of that move because without a doubt the euro is one of the weakest currencies that we currently deal with. If we do get that breakdown, it will become a longer-term position.
Short
by SmoothJB
EURGBP ANALYSIS Plan A : Long As overall trend seems to be bullish so we have to wait until it properly breaks above 0.83651. S.L : 0.83048 T.P 1 : 0.83938 T.P 2 : 0.84395 T.P 1 : 0.84911 ------------------------------------ Plan B : Short Bullish Trend line is broken at 4H. Also seasonality goes is favor of bears 11/15 times. If double top is created at 0.83651 then go for short trade. S.L : 0.83745 T.P 1 : 0.83165 T.P 2 : 0.82695 P.S : All the details are attached below.
Long
by ik05007
1
EURGBP Trade Idea - Elliott WaveLet’s discuss the price chart of the EURGBP currency pair based on the 480 minute timeframe. From the Elliott Wave perspective, the price action has recently completed an ending diagonal triangle formation. The price is trading within Wave 3 (circle). The most recent retracement is approaching a 78% Fibonnaci level. From the Hurst Cycles perspective, the composite model line which measures the combined cyclical pressure, bottomed on April 1 (1st vertical line), and is projected to form a top on April 29 (2nd vertical line). Based on this, we can expect prices to find support at or near the current level and start trading higher towards the 0.8599 level which is the next major resistance area. If you find this analysis useful, make sure to press the “Like” button and comment.
Long
by ForexTrainingGroup
1