Eur/Gbp

[aeksaid]

Market should not go lower than 0.8526. After this move down it should go up to 0.8610 area.

Key Point 0.8542 Entry Point 0.8578
Trendline1 0.8626 Trendline2 0.8592
Elliott 0.8692 Closing 0.8567
Ex-Low 0.8563 Ex-High 0.8629
Projection 0.8529

Supports and Resistance levels

Support1 0.8543 Support2 0.8520
Resistance1 0.8610 Resistance2 0.8653
Pivot 0.8586

[aahh]

Now the price is trying to rise after hitting a weekly pivot level (0.8036) although the trend that happening is down. further decline could bring the price into the range 0.8005-0.7994 as the oversold area of mbfx indicator. selling position is recommendated if ssignal of stochastic in tf m15 and m30 move down from overbought area.

[sayed20]

Last week's retreat from 0.8885 found support at 0.8730, and the pair bounced up on Friday to extend gains on Monday's Asian session, reaching 0.8800 high, where the Euro found sellers to give away gains on European session, and dive towards 0.8755.

[pipseeker]

the seven swing structure break on hourly chart break to the down side. but there a blue trendline support obstical on its way . the break of this structure will be sharp impulse to the downside but i am expecting that the price will extend its correction to its 11 swing.



---------- Post added 08-04-2016 at 12:13 PM ---------- Previous post was 08-03-2016 at 03:43 PM ----------

seven swing of a corrective structure is very powerful a break out blue channel and now the price is retest back to that trendlne and will soon break to the downside. we can find out sell setup and entry in lower time frame. this a 15 min chart and this pattern is almost over and we see soon a break to the downside.

[pipseeker]

i think this corrective structure is over. and will soon break to the downside.so the buy this breakout will be a good idea .never risk more than 1% of trading account on any singal trade always adjust your lot size according to your total account capital. and do your fundamental analysis to avoid blank side of economic data.

[ilyas khan]

ya its a good sign,because its move upward,and i think it will be better if any one invest in this currency.but in one case its not better because its move upward very much slowly which the risk is very much to invest in this currency.but if its move forward speedly,so then investment will be better.

[reda2020]

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

[TheFxTrader]

I think that the price will chnage the direction from climbing to falling down, that(s why I think that we can get in short position with take profit at the support level at 0.7805.

[TheFxTrader]

I think that we should wait until the price break the resistance level 0.7895 then we get in long position with take profit at ther resistance level at 0.7983.

[totaa]

When trying to analyze the chart we can monitor that the last pattern on the EURGBP was a bullish signal because of the brain trend indicator which currently has a up arrow drawn below the price and the last key support is set by the red line at 0.7685 Now the RSI index correspond with the upward trend direction as it is now stays above the 50th level which gives us a two equal signal to choose the buy orders and then the best decision for this case is to enter the trades as soon as possible When mention the trade target I think that the resistance which located near the zone of 0.7715 is a quite strong and the price may found some problems when it reaches it which make it a suitable place to exit the trade and waiting for the price action within this level.