EURGBP with look on Daily TF = still more to probably bulls. The price now look pullback from that oversold area and then - I see = search and make a Buy OP here will be good idea (using smaller TF, of course)
EURGBP with look on Daily TF = still more to probably bulls. The price now look pullback from that oversold area and then - I see = search and make a Buy OP here will be good idea (using smaller TF, of course)
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Today there was a retreat in a southerly direction on the resistance of 96.36, the pair is adjusted after yesterday's strong growth, the southern end of the wave and continuing growth in the north, I expect the level of 95.22.
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the most likely scenario
the pair can move up to test the 1st resistance on 0.8125
alternative scenario
the pair can move down to test the 1st support on 0.8173
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We can see the uptrend channel live. The price is less than the channel, near-line - we can expect investment signals
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EURGBP
now it sell
bid ask spread
0.78344 0.78352 0.8
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The euro continues to depreciate against the British Pound. The pair EUR/GBP is back below the upper band of its medium term bearish channel
The pair has validated the breakout of the support at 0.79 and just made a pullback on this level.
Without a return above 0.79, the bearish movement should pursuit towards 0.7850.
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EURGBP : for today movement . look probably to Bulls. .this truly a nice signal for Bulls continuation of course as long as the price can not break down again to the more Strong Low Fibo 0.7755. So, search for Buy = bette
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Resistance for EURGBP is at 0.7852.
That's the max price can go up for a short term trading.
Look for cs reversal to go short..
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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. 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
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