Eurgbptrend
EURGBP approaching support level, uptrend likely to resumeEURGBP is approaching the support level. As long as price stays above the 0.89 level, the uptrend can resume very soon.
Price is also above the 100-day EMA, which means that the uptrend is still intact.
Buying at the support level that I have highlighted in my chart and targeting the 0.9150 level would be a good idea for the buyers.
EUR/GBP SELL SIGNAL Hey tradomaniacs,
welcome to a new free trading-setup.
Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation!
EUR/GBP: Daytrade-Execution
Notice: Keep your risk low as EUR/GBP can be very volatile.
Market-Sell-Order: 0,90320
Stop-Loss: 0,90460
Target 1: 0,90170
Target 2: 0,90075
Target 3: 0,89940
Stop-Loss: 14 pips
Risk: 0,5 % - 1%
Risk-Reward: 2,58
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Peace and good trades
Irasor
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EUR/GBP - making its mind up this week? - short term bullishEUR/GBP has seen some choppy movement over the past couple of weeks, with price seemingly breaking to the upside and then reversing to the downside.
Taking a step back, on the weekly time frame price action still looks quite bullish, with an ascending trend zone stemming from the lows of 2015.
On the daily time frame, it could be argued that price is currently posting a lower high, with respect to the high that was posted in March. However, price also seems to be respecting a new ascending daily trend line, which has recently formed a confluence with both the strong support at 0.9000 and the 50 DAY EMA. We therefore remain bullish on this currency pair in the short term and are expecting a retest of the highs at 0.91349.