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My eurgbp analyst today, 11 December 2018 uses the open price market strategy at 00.00 broker time. This analyst uses the price of the market and a dolly graphical indicator. We place trapping stop and sell stop pending order with this indicator today buy stop 0,8385 tp 0,8405 sl0,8
EUR/GBP is confronting opposition close to 55-day EMA. In the event that that holds the it will demonstrate the finish of the upward union and that should result in drop towards 0.8315 or more. Regardless of whether the obstruction of 55-day EMA comes up short and the match breaks over the ongoing 0.8395, a solid opposition is normal in the scope of 0.8415 to 0.8425. Our general viewpoint remains bearish however we are unbiased at first.
The Bank of England is the central bank of the United Kingdom. Established in 1694 and privately owned in the beginning, the Bank was nationalised in 1946 so now is completely owned by the UK government. BOE's main reason to be is to maintain monetary and financial stability in the country. Some of its other tasks are producing secure bank notes, operating asset purchase facility and keeping the inflation low and stable. The bank is overseen by the Court, named used to reffer the board of directors, and is accountable to Parliament and the public.
The European Central Bank (ECB) is the central bank empowered to manage monetary policy for the Eurozone and maintain price stability, so that the euro’s purchasing power is not eroded by inflation. The ECB aims to ensure that the year-on-year increase in consumer prices is less than, but close to 2% over the medium term. Another of its tasks is the one of controlling the money supply. The European Central Bank’s work is organized via the following decision-making bodies: the Executive Board, the Governing Council and the General Council. Mario Draghi, member of the Executive Board, is also the President of this organism.
As we see from the Daily Chart included , the pair is moving down on a trending down channel from a large period , i expect this pair to move up but on a short term , it will go up till reaching the upper line of the channel then it will correct its direction by moving down again in the channel , we can now buy and make profit about less than 200 pips , but be careful the pair has not to move up with exactly 200 pips , it can move with 100 pips or 50 pips only , i suggest to set a small take profit point and not to be greedy as the pair is originally moving in a downtrend channel
Mario Draghi is member of ECB's Executive Board and also the President of this organism. His declarations are an important source of volatility, especially for the Euro and the currencies traded against it. Born in 1947 in Rome, Italy, he graduated of the Massachusetts Institute of Technology and became President of the European Central Bank in 2011. Draghi gives press conferences in the back of how the ECB observes the current European economy. His comments may determine positive or negative trends for the Euro in the short-term. Usually, a hawkish outlook is seen as positive/bullish for the EUR, while a dovish one is seen as negative/bearish.
Mark Carney is Governor of the Bank of England and Chairman of the Monetary Policy Committee, Financial Policy Committee and the Board of the Prudential Regulation Authority. He joined the Bank on 1 July 2013. Carney was born in Canada in 1965 and graduated from Harvard with a bachelor's degree in Economics in 1988. In Oxford University, he also received a master’s degree and a doctorate both in Ecobomics in 1993 and 1995 respectively. Before becoming the Governor of the BOE, he worked as a Governor of the Bank of Canada (BOC) from February 1st. 2008 until June 3rd. 2013.
I think that after the breakdown of the moving average with a period of 200 to the pair opened the way to the north ... the market today with this pair could show up next ... so I think when you receive a lot of money in the market it will be one of the first to buy
analysis of several indicators that I use on eur/gbp currency with M30 and H1 timeframes are in the form of pivots indicator R3=0.8295, R2=0.8285, R1=0.8278, Pivots=0.8268, S1=0.8261, S2=0.8251, S3=0.8244 indicates the following as well as I use other indicators such as zona trade that displays the zona signal Bullish on market position 0.827 so that the most appropriate step is to conduct an open position SELL with a stop loss of 0.83 and take profit at 0.824
time frame- M30
the down movement of the price is hold at the daily support 0.8375 and moving up side with breaking the strong resistance at 0.8405 level. now the stoch indicator is above the 80 level. but if price is close above 0.8420 up movement is expected.
trade- long@0.8422
take profit@0.8450
stop loss@0.8385