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Eurgbptrend

EURGBP reversed from resistance, potential drop! EURGBP reversed off its resistance at 0.85759 where it could potentially drop further to 0.85410. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Short
by Pepperstone
WEEKLY EURGBP ANALYSISThis is my long-term analysis of EURGBP. It has completed 4 Elliot Wave impulse waves and is preparing to begin the 5th wave down to complete the sequence. The Fibonacci retracement from WAVE 1 rejected the 61.8% level, showing the trend is strong. Therefore my target for the end of WAVE 5 and completion of this trend/sequence is at the 161.8% level (0.8454). If I had to guess a time limit on this I would say 3 to 4 weeks. I would then expect a correction wave. Happy trading! Joe
Short
by JoeJagger
EURGBP Forex cross pair analysis and forecastEURGBP Forex cross pair has reached a strong monthly demand imbalance where going long is allowed again. As swing traders and longer term traders we should not be thinking of going shorts on EURGBP Forex cross pair. Price action analysis is telling us there is a very strong monthly bullish impulse that ended up becoming a monthly demand imbalance around 0.8607. This imbalance has gained control and renders lower timeframe shorts low probability. Price action analysis and supply and demand technical analysis is telling us that going long on EURGBP Forex cross pair is the way to go now, no matter what Brexit news or any other fundamentals are telling us to do. Learning how to trade Forex should not be as difficult as it seems, it will if you start paying attention to news releases and fundamentals as well as what media and web sites are talking about online.
Long
by AlfonsoMoreno
3
EURGBP analysis | Still free falling? Or finding support?Massive movement to the downside with EURGBP after a big move like this I like to let the dust settle for a bit before jumping into a trade. is 0.86 holding as support? It seems like it for the time being. Remember patience is key with forex, there is always another opportunity to take a trade no reason to rush into anything when there is no clear direction. For my full market break downs and trades click the link in my bio! Feel free to message me on instagram anytime if you ever need help!
by Layne_LV