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EURGBP

British Pound can rebound down of resistance level to 0.8635Hello traders, I want share with you my opinion about British Pound. Observing the chart, we can see that the price some days ago price rebounded from the 0.8635 support level, which coincides with the buyer zone and started to fall. But later it entered to upward channel, where the price first made a fake breakout of the support line and then continued to grow to the 0.8635 level. After the price reached this level, the British Pound broke it and then made the correction, after which the price continued to rise. Price reached 0.8690 resistance level, which coincide with the seller zone, and even entered to this zone, but soon rebounded below to support line of the channel. Later, the British Pound rose higher of 0.8690 level again, entered to triangle, and started to decline to the support level, thereby exiting from the upward channel. In the triangle, the price rebounded from the support line, reached the resistance line, and a not long time ago broke this line, made a retest, and continued to rise. At the moment price British Pound trades very close to the resistance level, that's why I think that the price can rebound down from the resistance level to the 0.8635 support level, which is located my target. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
2
EURGBP Under Pressure! SELL! My dear subscribers, EURGBP looks like it will make a good move, and here are the details: The market is trading on 0.8675 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 0.8657 About Used Indicators: The average true range ATR plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
TradePlus-Fx|EURUSD: start of the week💬 Description: The attempt by buyers to recover on Friday did not justify itself, and the currency pair is still a sell priority. Level 1.06167 has proven itself to be a mirror level, which in turn confirms the current sales. The daily level of 1.05194 has shown itself only once so far, and its retest is expected in the very near future. An update to the current low is highly likely. Considering the economic calendar for this week, you can count on some pretty strong movements. It is expected that the first half of the week will take place within the framework of a downward movement; by the end of the week, there is a possibility of an upward correction. 🔔 FX CALENDAR TODAY: 🇺🇸ISM Manufacturing PMI 🇺🇸Fed Chair Powell Speaks ➖➖➖➖➖➖➖ 🚀 Thank for your BOOSTS 🚀 👇 Share your views and FOLLOW US 👇
Short
by TradePlus-Fx
14
EURGBP Low risk trades on both sides.EURGBP is consolidating inside a wide Resistance (1) - Support (1) range since May. Last week, the MA200 (1d) even came into play as a Resistance, rejecting the August bullish leg from breaking over on 4 straight candles. It did however cross over the Falling Resistance of 2023. Trading Plan: 1. Sell as long as the (1d) candles close under the MA200 (1d). 2. Buy if the top of Resistance Zone (1) breaks. Targets: 1. 0.85500 (over Support 1). 2. 0.88750 (Resistance 2). Tips: 1. The MACD (1w) has formed since mid September a Bullish Cross. Being on the bearish side, it is a strong sign of bullish potential. Please like, follow and comment!! Notes: Past trading plan:
by TradingBrokersView
TradePlus-Fx|EURUSD: intraday sell💬Description: Today, the market began to actively recover against the US dollar . Some instruments have already passed their ADR . However, it is very unlikely that this trend will continue throughout the day. A move in favor of the dollar is very likely. Against this background, a small short on EURUSD is expected towards the level of 1.05194 , where, within the framework of a retest of the level, market participants will once again be able to verify the authenticity of the local recovery against the dollar. 🔔 FX CALENDAR TODAY: 🇬🇧GDP 🇺🇸Composite/Services/Manufacturing PMI (July-Pre) ➖➖➖➖➖➖➖ 🚀 Thank for your BOOSTS 🚀 👇 Share your views and FOLLOW US 👇
Short
by TradePlus-Fx
16
EUR/GBP Eyes IncreaseEUR/GBP is rising and might climb above the 0.8675 resistance. Important Takeaways for EUR/GBP Analysis Today · EUR/GBP is rising and trading above the 0.8660 zone. · There is a major bearish trend line forming with resistance near 0.8675 on the hourly chart at FXOpen. EUR/GBP Technical Analysis On the hourly chart of EUR/GBP at FXOpen, the pair started a steady increase from the 0.8630 zone. The Euro traded above the 0.8660 pivot level to enter a positive zone against the British Pound. The EUR/GBP chart suggests that the pair settled above the 50-hour simple moving average and the 50% Fib retracement level of the last main decline from the 0.8705 swing high to the 0.8629 low. It is now eyeing more upsides. Immediate resistance is near a major bearish trend line at 0.8675. It coincides with the 61.8% Fib retracement level of the last main decline from the 0.8705 swing high to the 0.8629 low. The next major resistance could be 0.8700. A close above the 0.8700 level might accelerate gains. In the stated case, the bulls may perhaps aim for a test of 0.8750. Any more gains might send the pair toward the 0.8800 level. Immediate support sits near the 50-hour simple moving average at 0.8660. The next major support is near 0.8630. A downside break below the 0.8630 support might call for more downsides. In the stated case, the pair could drop toward the 0.8600 support level. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen