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Market Analysis: EUR/GBP Eyes GainsMarket Analysis: EUR/GBP Eyes Gains EUR/GBP is gaining pace and might extend its upward move above the 0.8440 zone. Important Takeaways for EUR/GBP Analysis Today - EUR/GBP started a fresh increase above the 0.8420 resistance zone. - There is a major rising channel forming with support near 0.8425 on the hourly chart at FXOpen. EUR/GBP Technical Analysis On the hourly chart of EUR/GBP at FXOpen, the pair started a fresh increase from the 0.8400 zone. The Euro traded above the 0.8420 level to move into a positive zone against the British Pound. The EUR/GBP chart suggests that the pair settled above the 50-hour simple moving average and 0.8440. There was a clear move above the 50% Fib retracement level of the downward move from the 0.8467 swing high to the 0.8399 low. Immediate resistance is near 0.8440 or the 61.8% Fib retracement level of the downward move from the 0.8467 swing high to the 0.8399 low. The next major resistance for the bulls is near the 0.8450 zone. A close above the 0.8450 level might accelerate gains. In the stated case, the bulls may perhaps aim for a test of 0.8465. Any more gains might send the pair toward the 0.8500 level in the coming days. Immediate support sits near a key rising channel at 0.8425. The next major support is near the 0.8400 zone. A downside break below the 0.8400 support might call for more downsides. In the stated case, the pair could drop toward the 0.8365 support level. Any more losses might send the pair toward the 0.8340 level in the near term. 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
1
EUR/GBP "CHUNNEL" Bullish Robbery Plan on Long sideHola ola My Dear, Robbers / Money Makers & Losers, This is our master plan to Heist EUR/GBP "CHUNNEL" Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money. Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low Stop Loss : Recent Swing Low using 1h timeframe Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
Long
by Thief_Trader
Bearish reversal?EUR/GBP is rising towards the resistance level which is an overlap resistance that aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.8455 Why we like it: There is an overlap resistance level that aligns with the 38.2% Fibonacci retracement. Stop loss: 0.8491 Why we like it: There is a pullback resistance level which lines up with the 61.8% Fibonacci retracement. Take profit: 0.8407 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
EUR/GBP: Breakout or Fakeout? Let’s See Who’s Got the Moves!Let's dive into EUR/GBP for a quick technical breakdown. Looking at the daily and 4-hour chart, we can see EUR/GBP has been trending down, and it’s riding this descending trendline like a skateboard on a halfpipe. Right now, it's consolidating near the 0.8430 region, and we're seeing price squeeze between that trendline and support around 0.8426. The EMAs are showing some resistance here as well. What I’m looking for is a breakout from this zone. If price can break above 0.8435 with momentum, we could see a potential move to test the 0.8475 area, which is previous resistance. This could be a buy setup with entries around 0.8435 and a take-profit target of 0.8475. But if it fails to break above and continues respecting that trendline, a sell setup is more likely, with a break below 0.8420 giving room to push down to 0.8385. So keep your eyes on that breakout either way. Patience is key in this range!
by SheenaL
EURGBP: Your Trading Plan Explained 🇪🇺🇬🇧 EURGBP is currently stuck on a key daily horizontal support. The price is consolidating within a horizontal range on a 4H time frame. With a release of US PMI, we see a positive bullish reaction and a test of the resistance of the range. Its bullish breakout and a 4H candle close above will provide a strong bullish signal. A confirmed violation will open a potential for a further bullish continuation. Next goal will be - 0.845 Alternatively, a bearish breakout of the support of the range may trigger a bearish movement lower. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
1
EURGBP Will the Support hold?Great signal out of the EURGBP pair last time we analyzed it (June 25, see chart below), as the price hit and even surpassed our 0.8550 Target: Following that High, the pair collapsed and is about to test Support 1, which technically is Lower Lows region for the long-term Channel Down. As long as the 1D RSI Higher Lows trend-line holds, we will look for a buy on Support 1 and target the 0.618 Fibonacci extension at 0.8530. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
EUR/GBP attempts recovery but faces strong resistance Bias in EUR/GBP has started to skew higher after bouncing off the 0.84 mark, but resistance remains firm at 0.8433. The momentum for the past few sessions has been bullish but the gains have been limited, with pullbacks from the intraday highs, forming a series of inverted hammer candlesticks, potentially signalling a reversal at the end of a downtrend. The RSI is skimming just above the oversold territory, but the flattening scope indicates a lack of momentum, which could see EUR/GBP trending sideways over the coming sessions. The start of the European session on Tuesday indicates just that, with the gains earlier in the day having been pared back. Overall, the long-term bias remains to the downside as the path of least resistance stays put. Sellers will need to test the current support at 0.84 before breaking down lower towards 0.8380 but it may take a few sessions as the current attempt at a bullish reversal may play out a little longer.
by Capitalcom