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Eurgbpanalysis

EURGBP – Deep pullbacks but bearish overall - the week of 02 MayAs the 200dma shows this pair is bearish in the long term. Deep pullbacks and small gains each time seem to be the trend here. Scenario 1 - The 200dma could be touched again and provide resistance. If we see price stalling in this region, that could be a good entry location. Scenario 2 - Right now, price is at another significant level at 0.8380 and arrived with a strong bearish daily candle. It can continue straight through it on Monday and in that case, I will not get a short entry. My preferred scenario is a break below and a retest of 0.8380 and then a retest. I would then take a short with stop above the high of Friday and target the area above 0.8250. This could be a potentially 2R trade. If you like my analysis, please give it a “thumbs up” and follow me to get immediate notifications. Always use sound money and risk management in all your trades.
Short
by Trading_Vista
EURGBP - FUNDAMENTAL AND TECHNICAL VIEW- There is not much important news today for EUR or GBP. But this week's LOW IMPACT for EUR, but some very important news will be released. So we definitely need to be vigilant about the EUR today. - EUR FEATURE currently stands at 1.0592 LEVEL. We can see a very UP TREND compared to the previous days. This is because of the fact that ECB offers a very HAWKISH CENTRAL BANK UPDATE. It is located above the EURGBP DYNAMIC S / R LEVELS. Also the GBP FEATURE stays at 1.2351 LEVEL. The EURGBP PRICE is priced below the DYNAMIC S / R LEVELS. Therefore, most of the time the PRICE can be sold in the form of a STRUCTURE and BUY. Before that a RETRACEMENT can come to DYNAMIC S / R LEVELS. - Currently the SENTIMENT of the OVERALL MARKET is NEUTRAL. But it's too heavy for RISK OFF status. Also the EQUITIES are turning a bit red. VIX INDEXES UP UP. Also COMMODITIES now shows a UP SIDE BIAS. Currently the market has a NEUTRAL BIAS. - EURGBP PRICE can be DOWN to 0.8498 LEVEL before UP. Then you can UP to LEVEL 0.8584. Also the MARKET SENTIMENT may change after NFP. Be aware of how the ECONOMIC INDICATORS and MARKET SENTIMENT differ.
by benny_marshall
EURGBP - FUNDAMENTAL AND TECHNICAL VIEW - There is not much important news today for EUR or GBP. But this week's LOW IMPACT for EUR, but some very important news will be released. So we definitely need to keep an eye on the EUR on Friday. - EUR FEATURE currently stands at 1.0695 LEVEL. We can see a very UP TREND compared to the previous days. The reason for this is that ECB has given a very HAWKISH CENTRAL BANK UPDATE. It is located above the EURGBP DYNAMIC S / R LEVELS. Also the GBP FEATURE stays at 1.2720 LEVEL. The EURGBP PRICE is priced below the DYNAMIC S / R LEVELS. Therefore, most of the time the PRICE can be sold in the form of a STRUCTURE and BUY. Before that a RETRACEMENT can come to DYNAMIC S / R LEVELS. - Currently the SENTIMENT of the OVERALL MARKET is NEUTRAL. But it's too heavy for RISK ON status. Also the EQUITIES are turning a bit GREEN. VIX INDEXES UP UP. Also COMMODITIES now shows a UP SIDE BIAS. Currently the market has NEUTRAL BIAS. But due to EQUITIES UP, COMMODITIES UP the MARKET RISK is ON. This MARKET CONDITION status has managed to DOWN CURRENCIES AUD, NZD, GBP. - EURGBP PRICE can be DOWM to 0.8353 LEVEL before UP. Then you can UP to LEVEL 0.8498. Then you can UP to LEVEL 0.8498. Also the MARKET SENTIMENT may change this week. RISK can be ON. So stay tuned for how the ECONOMIC INDICATORS and MARKET SENTIMENT change.
by benny_marshall
EURGBP is fluctuating in a neutraThe pair is fluctuating in a neutral range in weekly timeframe At a shorter time frame it is descending into an ending channel that has reached the bottom of the long neutral channel. It seems that it can be a good range to buy according to RSI and MACD indicators. Fundamentally, the euro seems to have weakened enough against the pound over the past year, and signals from the euro to slowly raise interest rates could slowly push the pair toward its long-term channel ceiling. Euro data should be monitored in the coming weeks *** plz write me ur idea ***
Long
by MoHaMMaD_HZZ
EURGBP - FUNDAMENTAL AND TECHNICAL VIEW- Today we do not see such an important news for EUR or GBP as before. Because today is a holiday and today is Monday, MARKET LIQUIDITY is a very short day. GOV. There is a Bailey Speak this week. They will be very important for GBP. - EUR FEATURE is currently trading at 1.08255 LEVEL. We can expect a very DOWN TREND compared to the previous days. This is because of the fact that ECB offers very DOVISH CENTRAL BANK UPDATES. It is located below the EURGBP DYNAMIC S / R LEVELS. Also the GBP FEATURE stays at 1.3026 LEVEL. The EURGBP PRICE is priced below the DYNAMIC S / R LEVELS. Therefore, most of the time the PRICE can be sold in the form of a STRUCTURE and BUY. Before that a RETRACEMENT can come to DYNAMIC S / R LEVELS. - Currently the SENTIMENT of the OVERALL MARKET is NEUTRAL. But it's too heavy for RISK OFF status. Also the EQUITIES are turning a bit GREEM. VIX INDEXES UP UP. Also COMMODITIES now shows a UP SIDE BIAS. Currently the market has a NEUTRAL BIAS. But because of VIX UP, EQUITIES DOWN, COMMODITIES DOWN the MARKET RISK is OFF. This MARKET CONDITION status has managed to DOWN CURRENCIES AUD, NZD, GBP. - The EURGBP PRICE can be UP up to 0.8303 LEVEL before UP. Then it can be DOWN to 0.8222 LEVEL. Then you can UP to LEVEL 0.8498. Also the MARKET SENTIMENT may change this week. RISK can be ON. So stay tuned for how the ECONOMIC INDICATORS and MARKET SENTIMENT change.
by benny_marshall
2
EURGBPThe euro is approaching a very important region on the longer-term charts as far as support is concerned. The 0.82 level being tested is a big deal, and if we were to break down below that level, the bottom will follow out of this pair. More likely than not, we will get a short-term bounce, but I would be a seller of that move because without a doubt the euro is one of the weakest currencies that we currently deal with. If we do get that breakdown, it will become a longer-term position.
Short
by SmoothJB