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eur gbp pair shown a very good sign of uptrend..
This pair has small resistance at various values like 0.8035m 0.8060, 0.8080 .. but these resistance are not that strong..
I think this pair can be bought from here...do not sell this pair for few more hour
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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.
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"Hello dear (indian-forex) members of this great community, :) Today I want to share with you my intraday analysis of EUR/GBP. :)))
EUR/GBP is Strong Sell according to four-hour chart. RSI(14)'s value is (50.218), STOCH(9,6)'s value is (38.804) and STOCHRSI(14)'s value is (100).
Let's have a look at today's Support and Resistance levels:
Pivot Point: 0.8888
Support 1: 0.8885
Support 2: 0.8882
Support 3: 0.8878
Resistance 1: 0.8891
Resistance 2: 0.8894
Resistance 3: 0.8898
According to the current scenario I would like to recommend you to keep an eye on the pivot point and take your trade according to the support and resistance levels of the market and also don’t forget to use the proper money management. Have a great and profitable day ahead! :happy: :peace:"
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Daily Chart analysis
we can see on the chart the traEur/Gbpde near tha intraday resistance level, the pair has a bullish
pressure here we will wait of result. if brake resistance level then we will open buy order
if the pair reject the resistance level with a strong bearish candle then we will open sell order..
Always Follow Market Trend
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This pair eur/gbp
Technical analysis of today is bearish
Pivot Point. 0.8895
Current Price. 0.8891
Resistance level
1st. 0.8900
2nd. 0.8910
3rd. 0.8920
Supporting level
1st. 0.8870
2nd. 0.8850
3rd. 0.8830
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This pair is going Downward.
But it can bounced up again after eur/gbp news that will be released today.
I would like to suggest SELL order for Hour four time period from current price 0.8875.
Indicator going same as this positions.
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EUR/GBP...BEARISH
Pivot Point...0.8892
S 1..0.8864
S 2..0.8842
S 3..0.8814
R 1..0.8914
R 2..0.8942
R 3..0.8964
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eur/gbp bearish
pivot point 0.8892
s1 0.8873
s2 0.8861
s3 0.8842
r1 0.8911
r2 0.8923
r3 0.8942
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EUR/GBP Bearish
Pivot Point...0.8892
Support 1..0.8865
Support 2..0.8847
Support 3..0.8819
Resistance 1..0.8911
Resistance 2..0.8943
Resistance 3..0.8965
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EUR / GBP is bearish
Pivot Point 0.8893
1 Resistance 0.8911
2 Resistance 0.8945
3 Resistance 0.8965
1 Support 0.8893
2 Support 0.8847
3 Support 0.8818