Eurgbpbuy
Will EurGbp break resistance?After the recent low in 0.85 zone, EurGbp reversed aggressively and returned to 0.87 previous support (now resistance)
A higher low is in place at 0.86, and this gives my confidence in continuation and a break of this resistance.
In my opinion, dips should be bought and bulls can target 0.89 zone
EUR/GBP New Analysis And 2 Long Setups Avialbe This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
EURGBP preparing for a rallyHi there,
EURGBP is close to a bottom preparing a rally,
My next target for bottom is arround 0.84000/0.83500
Completing a retracement of almost 99% from the previous upside, and making an ABC correction from the main trend
we are now on wave number 4, preparing for last move up on Monthly timeframe
Good luck
EUR/GBP Broke Down Trend Line So We Will Catch Those 200 PipsThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
LONG EURGBPLong EURGBP @ 0.86
TP: 0.88
SL: 0.85
EURGBP has bounced nicely off the 0% fibbo level (0.85390) which suggests that the low is in place for now. Im looking for a correction or retracement that will take us up to the 50% fibbo resistance or 0.88 level. GBP has been very strong of late however I think it has run out of steam up here and we are starting to see better sellers of the Sterling. USD is still relatively week thus I stay out of EURUSD and trade EURGBP instead. If the US dollar does decide to turn and find buyers, it will drive down GBP and as a result help out our EURGBP position.
This trade offers a 2:1 risk reward ratio.
Goodluck!