EURGBP SHORT PRICE ACTION FORECAST The euro has been playing on the bearish foot the whole week. While under seller pressure, the pair EURGBP shows some pullback conditions towards the broken level close to the descendent trendline to continues its bearish movement. Potential risk-reward ratio 1:5
--
*** If you like the idea, please don't be shy and click on the like button; also, comments are very welcome. | Thanks for your support!!! ***
Eurgbpforecast
EURGBP H4 TIMEFRAME ANALYSIS 3R TARGETAs you can see from the chart we wait for the price to reach the key support level near the two green lines near the lower channel line. We buy this pair expecting it to fuel higher up to the upper channel line before it does what it is known to do as usual. As you can see this week we are already in a good profit from our previous analysis, this is actually fantastic. We hope you will also get phenomenal rewards on this. Just stay with us. (Disclaimer, invest at your own risk). This is our view. What is your view on this pair?
EURGBP TECHNICAL ANALYSIS: SHORT POSITION +70 PIPSEURGBP on my last analysis on the weekly chart, managed to break above the strong structure, so I'm personally looking for sell opportunities to enter in the market. The pair ranged between 0.89200 - 0.88680 and now was able to breakdown and is currently retesting the new resistance, if the resistance gets clearly rejected and we can see a possible down continuation i will open a sell position, until the formation of a new lower low.
EURGBP TECHNICAL ANALYSIS; +200 PIPS MOVE WEEKLYOn the weekly chart the pair move in a range between 0.92230 and 0.88600, the resistance at 0.99230 hold perfectly and EURGBP didn't managed to form new highs, the support seems to be breaking and if we have the confirms that the support transforms into resistance (clear retest of key level: 0.88600 without breaking through) we might expect the formation of a bearish structure until 0.86780 key point.