Eurgbptrend
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.
EUR/GBP rejected from key support💡Hello traders,
Hope you all have a fantastic day !
I would appreciate any likes and follows from this idea, that would encourage me to publish more ideas and analysis.
EUR/GBP has been rejected from strong support line and now will continue ascending channel and head up.
Let us know what you think about this idea.
Trade safe !
Uptrend for EUR/GBP will continue💡Hello traders,
Hope you all have a fantastic day !
I would appreciate any likes and follows from this idea, that would encourage me to publish more ideas and analysis.
EUR/GBP has been in ascending channel and we believe bullish price movement will continue as EUR are gaining strength across other currencies.
Let us know what you think about this idea.
Trade safe !
EURGBP / BEARISHI am waiting for price to close below the support line before I short to the greyed area where price has been rejected before
Once price has then continued to move I will place another short to the next support line
We will need to wait for the pullback upon breakout before placing the trade