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Eurgbptrend

EURGBPHello, I hope you are doing well! At the moment we can see two major levels 0.874 and 0.864 What I'm expecting at these levels? In my opinion, the price should bounce at 0.864 level (purple) and just after we will see what momentum and pattern it will give us. At the moment I can just prepare for a few scenarios: After bounce the price will from side move between 0.874 and 0.864 levels. (green) After bounce the price will have impulse up. At the current moment, only one thing left - be patient. ;) DISCLAIMER: This is my personal opinion and view of the market, trade at your own risk. Use proper risk management and trust the process.
by bagdisb
1
EURGBP Breaking Point Of Descending Triangle.EURGBP is trading in Descending triangle pattern. It is also trading at 62% of Fibonacci retracement level as you can see in chart. If it breaks out of descending triangle pattern we might see further downside toward the 0.8625 level and further towards towards Fibonacci 78% retracement level. There is high chance of either continuation of sideways to downside trend. Like/Comment/Follow For More Idea Note - Trade With Proper Risk Management System Only Thanks
Short
by Fx_Trader_ViSa
LOOK OUT BELOW!!!!! - EURGBP crashing down SELL at marketGBP is strengthening across the board this bank holiday Monday and GBPUSD LONG is looking good (i've already analysed this) and EURGBP looks a standout SHORT trade. My specialist indicator is strongly suggesting a SHORT/SELL trade on this pair with S1 resistance below which will be a target for BEARS. I think this level may go so I'm targeting .8640. I'm in at .8753 with a STOP at .8788. WS1 at .8710 will support so expect a bounce but these's so much bearish pressure .8500 is not out of the range of the BEARS .
Short
by theforexportal
EURGBP Trading at Support Line.EURGBP breaks out from the descending triangle pattern from its top, also it is continuously trading in the downside and now at the current level is has taken the support of support line 1. If it breaks this support, we might see further downside towards the support line 2 or if it takes support at the current level, we might see some consolidation in support line 1 and support line 2. Like/Comment/Follow Us For More Idea Note- trade with proper Risk Management System Only Thanks
by Fx_Trader_ViSa
EUR/GBP SHORTOk. Looks like we have on more impulse to down. I will wait for some mini bounce back to retest previous support level and from there I will open SELL position with 5:1 risk ratio. Let's see what chart sign will give us. 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.
Short
by bagdisb