FREE ANALYSIS ON EURGBP - BIG DROP COMINGFREE ANALYSIS ON EURGBP
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1 HOUR
This is more bearish. We could see some minor bearish move. Personally i am waiting for the bigger move down.
4 HOUR
Possible Ending diagonal forming. MACD and Stoch RSI both showing bearish divergence.
DAILY
Price Broke above all MA's. we are looking at a resistance level between 0.90100 and 0.90700. Watch out for break down. MACD & Stoch RSI both above the over bought level and turning down. Importantly Stoch RSI also showing a possible bearish hidden divergence.
OVERALL
Expecting a bullish move to unfold on this pair in the next week.
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Eurgbpbullish
EURGBP approaching support, potential for a bounce!
EURGBP is expected to drop to 1st support at 0.88747 where it could potentially react off and up to 1st resistance at 0.89861.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURGBP approaching resistance, look out for potential reversal!EURGBP is approaching its resistance at 0.89817 where it is could reverse down to its support at 0.88602.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
The trend has changed #EURGBPThe eurgbp crossed the resistance and it has returned to the old range of 0.8630 to 0.9070, we are currently just in the middle of the road but since we see the trend is bullish and the positive momentum is, We recommend buying.
Entry price: 0.88
Take profit: 0.9020
Stop loss:0.87
EURGBP Trend Reversal PossibleEURGBP has been in tight range of 0.86500 and 0.84700 since 15 days. Price has created good support at this level which is important trendline support.Price is also near to 200EMA support which increase the probability of bullishness. I will wait for retracement after breakout of 0.86500....Will eneter the position at 0.86700 levels with the stoploss of 0.85400 for the target of 0.88000-0.89000.