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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Eurgbpsell
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.
EURGBP Sellers are watchingWe have 3 big resistance lines incoming,
-0.9 psychological level.
-important trendline on daily
-and as last the upper channel trendline
All 3 I showed by the arrows,
the worst scenario I sketched.
We also took out some shorts from breakout of previous high of the upper channel(see orange arrow)
Let's see, bulls are slightly stopping to buy above the 0.78 fibo level also.
Tyson FuryHere we have 2 key zones marked out that have been used as strong support and resistance before and WILL be used again.
What we might see here is a slight pullback in price to our lower zone after days of bullish movement before a final push higher to our upper resistance zone.
I'm currently watching Tyson Fury fight, he is going to smash Schwarz... just like me and my team are going to smash the markets again ;p
Come chat with us to see how we can help you in your trading career.
Tyson FuryHere we have 2 key zones marked out that have been used as strong support and resistance before and WILL be used again.
What we might see here is a slight pullback in price to our lower zone after days of bullish movement before a final push higher to our upper resistance zone.
I'm currently watching Tyson Fury fight, he is going to smash Schwarz... just like me and my team are going to smash the markets again ;p
Come chat with us to see how we can help you in your trading career.
EURGBP 4H - End Of Uptrend?After a long Bullish moves, the uprise has stalled and slowed down. Price has start to create a Lower High and tried to break the Support (magenta zone) yesterday.
However, be cautious as the price can still go upwards. We merely trade WHAT WE SEE, but the market forces is beyond anyone's control.
EUR must weaken or GBP must strengthen in order for EURGBP to fall.
TAYOR.
KHALID HAMID