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Eur/Gbp today trend is bearish trend
Resistance and supporting level today is:
Resistance level first: 0.8803
Resistance level 2nd : 0.8833
Resistance level 3rd: 0.8850
Supporting level first: 0.8757
Supporting level 2nd: 0.8739
Supporting level 3rd:0.8710
EUR/GBP
technical analysis for the pair
the price of this pair is moving up and this trend could continue today
the market could have bull trend today
today's resistance levels and support levels
Resistance levels 0.8797--------0.8812-------0.8827
Support levels 0.8772--------0.8762-------0.8752
Eur/Gbp Bearish Position Today,s
Current Rate is: 0.8779
Resistance 1: 0.8803
Resistance 2: 0.8831
Resistance 3: 0.8849
Support 1: 0.8756
Support 2:0.8735
Support 3: 0.8705
Technical analysis of eur/gbp is bearish.
1. Resistance level: 0.8797
2. Resistance level: 0.8827
3. Resistance level: 0.8844
1. Supporting Level: 0.8751
2. Supporting Level: 0.8733
3. Supporting Level: 0.8704
EURGBP DAILY RATE ANALYSIS CURRENT RATE IS: 8787
Ressistance level 1=8820-----2=8865-------3=8885
Supporter Level 1=8745------2=8713-----3=8695
The pair continued to trade positively yesterday and settled around the retest level shown above on the chart �explained in our previous report-. The pair might breach the level of 0.8045 and settle above it, which might activate the bullish technical structure, targeting mainly the level of 0.8145. On the other hand, the pair might move towards the support level of the main descending channel at 0.7965, in attempts to breach this level. Therefore, we must observe the pair`s behavior around the mentioned levels , awaiting further confirmations.
Recommendation : Based on the chart and explanations above, our opinion is buying the pair with a breach of 0.8045, targeting 0.8145 stop loss below 0.7965 might be appropriate. Or selling the pair with a breach of 0.7965, targeting 0.7850 and stop loss above 0.8045.
Eur/Gbp seems to going down today and i think we can go for a sell trade. Manage your risk accordingly.
Below are the support levels:-
S3 0.8758
s2 0.8772
S1 0.8776
Below are the resistance levels:-
R1 0.879
R2 0.8798
R3 0.8811
Eur/gbp seems to be going for the day and i think we can have a sell trade on this pair. Make your risk management accordingly.
Below are the support and resistance levels:-
S3 0.8671
S2 0.8725
S1 0.8751
R1 0.8805
R2 0.8833
R3 0.8886
Happy Trading :1f607:
up trend chal raha hai. aaj i think eur/gbp fall hoga more than 0.8740 . aabhi ka price hai 0.8765. iske baad sayad ye phir upor jayega.
aaj main kuch short trade karunga. 15 min ka chart ke hisab se main ek picture upload kar raha hoon. already kuch short kar kar 1$ kamaya hain maine
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.