Eurgbpbullish
EURGBP Market Outlook | Daily Forex Market BreakdownEURGBP
EURGBP is looking really interesting, I believe we could be seeing some big moves to the downside. I am watching this pair very closely. If we get some strong bearish pressure we could this this pair come down to retest 0.900
This pair is definitely at the top of our watchlist.
EUR/GBP Long term ideaHope you are well.
My opinion on EUR/GBP pair.
Monthly chart.
The weekly chart in description.
Black line - main chart line.
Purple line - supporting chart line.
AC ; BD showing us uptrend channel . HH and LH .
HH
LH
AB length = CD length (CD is almost equal, around 200-300 pip different.)
AB length around 3000 pips and it took around 5 years.
CD length around 2800 pips and it took around 7 years.
BC length = DE length ?
Let's see.
BC length around 4000 pips and it took around 8 years. If we will look at the trend channel we need 3rd touch.
There is a big chance that DE length will reach the 1.10 which will be equal BC length (4000 pips and it will be after 8 years).
AC length = CE length around 12-13 years
BD length = DF length around 8 years.
So DE length is in the middle of the way, forming a bull flag , after correction could be another impulse up to 1.10 ( Impulse-correction-impulse ).
It's a long term analysis we will need a few more years to reach this level.
But if we know the trend, we can follow up on it and made only LONG trades.
I hope you enjoyed.
Please let me know if you have any questions.
DISCLAIMER: Any opinions, news, research, analyses, prices, or other information contained on this post is provided as general market commentary, and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
EURGBP SELLSEURGBP has taken a pounding over the last few months, seeing bears take over the market. They are still in control, even though we are having some short term relief, looking for price to come up to the 71 % fib to see rejection to take shorts from here down to the -61.8%.
300 PIPS
RR 6/1
EURGBP potential bounce!
EURGBP expected to reverse up to 1st support at 0.85340 where it could potentially react and bounce to its resistance at 1st resistance at 0.87409.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURGBP potential bounce!
EURGBP expected to reverse up to 1st support at 0.87441 where it could potentially react and bounce to its resistance at 1st resistance at 0.85888.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURGBP potential bounce!
EURGBP expected to reverse up to 1st support at 0.85888 where it could potentially react and bounce to its resistance at 1st resistance at 0.87441
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURGBP Still in Demand Zone, look for buysIn my previous EURGBP Idea, I advised buying dips below 0.8300 and that was quite profitable.
However, EURGBP is still in the support area where the buyers will look to step in once again.
So, traders can look for Long entries between 0.8280-0.8370 with SL below 0.8200.
Long term traders can set 0.86, 0.90 and 0.93 as potential take profit areas.