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I try to make analysis for eurgbp pair today.
I see this pair still in strong bearish movement . If this pair can break the 0.8837 support level, I predict this pair will go down to the next support at 0.8787 But if this pair go up and break 0.8888 resistent level, I predict this pair will make some correction to the next resistent level at around 0.8938
Sell signal is indicated from the Simple Moving Average and Bollinger Bands indicator . I suggest to entry Sell with stoploss at 0.8872 and take profit at 0.8787
my advice .. don’t use high risk and please stop trading if the target has been reached, we should avoid greedy.
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Eur/Gbp ki Market Down Ki Tarf Ho Rahii Hai And Mujhe Lagta Hai Market Down Ki Tarf Ho Saktii Hai
And Mera Jo Andaza Hai Hai Wo Hai Down
main umeed Krta Hun Ap Humarii Es Ray Par Pora Utry Gan
Good Luck
Current rate:0.88613
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Today's analysis:-
Pair:- Eur Gbp
As per analysis, Bearish trend seems to be there in market and the price will go down.
I recommend Sell signal on it.
Support Levels:-
Support1: 0.8832
Support2: 0.8846
Support3: 0.885
Resistance Levels:-
Resistance1: 0.8863
Resistance2: 0.8872
Resistance3: 0.8885
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MONEY MARKETS-Banks' reliance on ECB funding easing
Oct 23 (Reuters) - Euro zone banks' reliance on ECB funding eased again on Tuesday as the central bank's promise to provide aid if asked by for by Spain and Italy allowed some institutions to access, tentatively thawing funding markets
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The trading range for today is among the key support at 0.8070 and the key resistance at 0.8250
The short term trend is to the upside target at 1.0370 as far as 0.7785 remains intact
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Today's analysis:-
Pair:- Eur Gbp
As per analysis, Bearish trend seems to be there in market and the price will go down.
I recommend Sell signal on it.
Support Levels:-
Support1: 0.8832
Support2: 0.8846
Support3: 0.885
Resistance Levels:-
Resistance1: 0.8863
Resistance2: 0.8872
Resistance3: 0.8885
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Resistance and supporting level of this pair is :
Resistance level of this pair is:
1# Resistance is: 0.8865
2# Resistance is: 0.8874
3# Resistance is: 0.8883
Supporting level of this pair is :
1# Supporting is: 0.8846
2# Supporting is: 0.8835
3# Supporting is: 0.8828
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EURGBP is moving near the 0.8163 resistance level. Then, if I see the previous movement, I think the up trend still strong untill now. If EURGBP can break that resistance level, I expect EURGBP will continue going up again and may touches or hits the next resistance level at 0.8197.
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this is my analysis for EURGBP pair , hopefully it will be good & understandable and help you to earn good profit in trading
simple moving average chart for this pair seen as an indicator as smoothly up movement, so it is possible that the breakdown of the resistance level at 0.8846. and the pair will continue to go down to the next level level at 0.8821
in my personal view this pair will be continue bullish trend, for intraday trading today I suggest SELL at the level 0.8851. stop loss at the level 0.8886. target take profit at the level 0.8806
if market movement as my scenario, you can earn good profit and avoid much loss in your trade
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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.
Recommendation : Based on the charts and explanations above, we remain neutral for now awaiting more confirmations for the next move
