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Eurgbpbuy

EURGBP: Bullish Technicals and Fundamentals 4H (Apr. 21)X FORCE GLOBAL ANALYSIS: In this analysis, we explore the bullish probabilities of EUR/GBP based on the bullish evidence suggested by technicals and fundamentals. Technicals - We have seen a breakout from the bullish falling wedge pattern - After Elliott Triangle Wave (ABCDE) counts to Wave E, we formed a double bottom - The Relative Strength Index (RSI) shows higher lows, as a sign of trend strength - The Moving Average Convergence Divergence (MACD), despite not showing tremendous momentum, shows an uptrend Fundamentals - The United Kingdom runs a large current account deficit, which makes the pound vulnerable as capital flows faded at the height of the Corona Virus (Covid-19) driven risk sell-off - GBP remains fundamentally undervalued with a significant Brexit discount still attached - With the COVID-19, both the EU and the UK have been preoccupied with issues other than Brexit trade agreement talks; this increases the risk of a big negative UK trade shock in 2021 What We Believe We believe in a higher probability for a further bullish rally for EUR/GBP based on the bullish technicals and fundamentals Trade Safe.
Long
by XForceGlobal
EURGBP - SWING - 20. APR. 2020Welcome to our weekly trade setup ( EURGBP )! - 1 HOUR Bullish reaction after bearish run. 4 HOUR Prices moving back above main sr zone and following midterm trend. DAILY Absolute slowdown, expecting some pressure to the upside now! - FOREX SWING BUY EURGBP ENTRY LEVEL @ 0.87230 SL @ 0.86870 TP @ 0.87730 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Long
by DACapitalTrading
1
EURGBP LONGHello! How is your weekend? I hope everything is fine and you are safe! So the market opened with a small gap and the price is moving up. I'm looking for an opportunity to buy as you can see in the chart. I will wait for some confirmation: 1. The price will break the trend line; 2. The price will bounce few more times to support level; 3. High momentum to UP Let's see how it plays. Risk ratio 7:1, really good opportunity. DISCLAIMER: This is my personal opinion and view of the market, trade at your own risk. Use proper risk management and trust the process.
Long
by bagdisb
1
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.
Long
by bagdisb
2