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Today's Discussion About Eur Gbp
this pair is falling and currently moving sideways due to holiday.
Indectors Summary,
timeframe=4h
parabolic sar= negative
Moving average (10)(20)= Negative
Stoshtic oscillator= negative at level 45
Trade Setup,
sell is good idea but today is Market very slow so be careful.
Classic support and Resistance of Eur Gbp
Minor RESISTANCE at=0.8695
Strong Resistance at=0.8711
Pivot point at=0.8652
minor support at=0.8639
Strong support at=0.8621
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We continue to revisit the EUR/GBP as recent price action provides ideal entry for further downside moves. The pair failed a topside break at the 76.4% Fibonacci extension taken from the May 5th and July 1st crests at 0.8740 early in Asian trade with RSI sloping to the downside.
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EURGBP analysis for this pair and the movement for today looking for short and i have to give you the resistance and support levels for this pair.
Major support and resistance,
Support S.__1 0.8634
Support S.__2 0.8621
Support S.__3 0.8609
Resistance R.__1 0.8670
Resistance R.__2 0.8681
Resistance R.__3 0.8696
I am just giving my own analysis always trade with low risk.
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price actions from 0.9799 (2008) should be unfolding as a consolidation pattern in the long term up trend. With weekly MACD breaking its trend line, the second leg has possibly finished with three waves up to 0.9083 too
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we can see in the 1h chart
the pair will go to down way to the down trend line
i see the pair will go to down way to 0.8482
stochastic refers that the pair will go down
so our target sell from 0.8382 and our target will 100pips
Resistance level is :
Resistance 1>0.8679
Resistance 2>0.8695
Resistance 3>0.8711
Supporting level is :
Supporting 1>0.8651
Supporting 2>0.8639
Supporting 3>0.862
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my analysis of Eur/Gbp
Today Trend is:Bullish
Resistance and Supporting level today,s
Resistance level today,s is
First Resistance is:0.8065
Second Resistance is: 0.8678
Third Resistance is: 0.8698
Supporting levels today,s is
First Support is: 0.8628
Second Support is:0.0.8605
Third Support is:0.8589
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Eur/Gbp
Market trend aur analysis ko follow karte hoye
Resistance and Support points ko dekh kar market down hoti nazar a ri hai hamain sell main trade lagani chahiye
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technical analysis of Eur/Gbp is sell
Current Price is ;0.8652
Resistance and supporting price is ,,,,
Resistance Price is :
1. Resistance Level:0.8678
2. Resistance Level:0.8692
3. Resistance Level: 0.8707
Supporting price is :
1. Supporting Level: 0.8640
2. Supporting Level: 0.8628
3. Supporting Level: 0.8617
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Technical analysis of Eur/Gbp is up trend
current price is : 0.8649
Strong Resistance and Supporting levels ,,
Strong Resistance level first,
Resistance 1>0.8665
Resistance 2>0.8675
Resistance 3>0.8686
Strong Supporting level now,
Supporting 1>0.8633
Supporting 2>0.0.8621
Supporting 3>0.8608
if you like my analysis give me thanks
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The pair has broken the H1 uptrend line and now trying to break the H4 uptrend line, if break, we'd see falling down targeting .8807 and .8764.
Otherwise, the pair will bounce up to .8936 and .8975 again before it continues to bearish.