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The pair moved far from the breached neckline at 0.8750, where the 50 EMA is pressuring the pair negatively supporting the negative impact from the rising wedge formation shown above. Therefore, we will hold onto our bearish intraday expectations for today targeting mainly 0.8555-0.8540 so long as the aforementioned neckline remains intact.
Eur/Gbp is sell
Piviot Point is :0.8662
Resistance and supporting level is:
Resistance level is :
My Resistance is ,,,
Resistance level first: 0.8675
Resistance level 2nd : 0.8692
Resistance level 3rd: 0.8710
My support is,,,,,
Supporting level first: 0.8638
Supporting level 2nd: 0.8625
Supporting level 3rd:0.8614
The pair is stable above the support for the main descending channel shown above and the positive effect from momentum indicators continue to push the pair higher. Therefore, we prefer to remain aside for now and observe the closing today between the areas of 0.7965 support and 0.8055 resistance, as those levels will define the next move for the pair.
Currency pair EURGBP
support and resistance
Support 0.8687
Support 0.8694
Support 0.8701
Resistance 0.8668
Resistance 0.8645
Resistance 0.8632
EURGBP analysis for this pair and the movement for today I am neutral on this and i have to give you the resistance and support levels for this pair.
Major support and resistance,
Support S.__1 0.8637
Support S.__2 0.8626
Support S.__3 0.8615
Resistance R.__1 0.8674
Resistance R.__2 0.8693
Resistance R.__3 0.8711
I am just giving my own analysis always trade with low risk.
EURGBP trend is buy
1 Resistance level is 0.8635
2 Resistance level is 0.8658
3 Resistance level is 0.8686
1 Support level is 0.8558
2 Support level is 0.8530
3 Support level is 0.8514
Today's Discussion About eur gbp.
This pair is moving down as euro is weak against and i believe this is following eur usd so currently going down.
Indectors Summary,
timeframe= 4h
parabolic sar= negative
Moving average (10)(20)= positive.
Stoshtic oscillator= negative below 30 level.
Trade Set-up,
sell now for target around 0.8620
Classic support and Resistance of eur gbp
Minor Resistance at=0.8696
Strong Resistance at= 0.8711
Pivot Point= 0.8665
Minor Support at= 0.8634
Strong support at= 0.8618
because of the moving under the level of 0.8700 as we can see from the chart , I think the down trend is still standing and the pair might head to 0.8640 and then 0.8625 how ever the pair made any hourly correction
The pair is stable above the support for the main descending channel shown above and the positive effect from momentum indicators continue to push the pair higher. Therefore, we prefer to remain aside for now and observe the closing today between the areas of 0.7965 support and 0.8055 resistance
EURGBP trend is buy
1 Resistance level is 0.8636
2 Resistance level is 0.8655
3 Resistance level is 0.8685
1 Support level is 0.8559
2 Support level is 0.8530
3 Support level is 0.8510