The 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.
Otherwise, the pair will bounce up to .8936 and .8975 again before it continues to bearish. yes
The 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.
Otherwise, the pair will bounce up to .8936 and .8975 again before it continues to bearish. yes
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EUR/GBP Daily Outlook
Daily Pivots: (S1) 0.8106; (P) 0.8128; (R1) 0.8144;
With 0.8097 minor support intact, further rally is still expected in EUR/GBP. As noted before, consolidation pattern from 0.8164 might have finished with three waves to 0.8035 already. Break of 0.8164 will confirm resumption of whole rebound from 0.7755 and should target 38.2% retracement of 0.9083 to 0.7755 at 0.8262. On the downside, below 0.8097 minor support will turn bias back to the downside for 0.8035 support and below to extend the consolidation instead.
In the bigger picture, price actions from 0.9799 are treated as a long term consolidation pattern with fall from 0.9083 as the third leg. Strong support is expected inside 0.7693/8186 support zone to conclude the consolidation. No change in this view. The focus is now on 0.8164 resistance, which is close to 55 week EMA (now at 0.8154) and break there will be another sign that such consolidation is completed and 0.7755 is a major bottom. In such case, strong medium term rally should be seen back to 0.9083 resistance and above. Nonetheless, a break below 0.7959 support will likely bring another low below 0.7755 before the consolidation pattern fin in shes.
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For EURGBP = till now, this also still sideways near the 23.6 fibo 0.8124. Just be aware - and wait and see is better idea for now. But, I want to tell some idea, that - as long as that strong supply zone 0.8152 can not be break again by buyer = I see, this pair on still probably to bearish movement and search for sell is better.
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Support: 0.8089
Pivot: 0.8128
Resistance: 0.8168
trendspotter buy
7 day average directional indicator buy
10-8 day MA hilo channel buy
20 day MA VS Price buy
20-50 Day MACD oscillator buy
20 Day Bollinger Bands hold
Technical Analysis For EURGBP 80% Buy
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Eur-gbp
EURGBP price now at 0.8828 and still move between range 0.8788~0.8853, If EURGBP in next movement still not able to going down and breakout 0.8788, EURGBP probably will continue back with an uptrend, and next target may at 0.8920 but price must be able to breakout 0.8853 during uptrend.
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EURGBP look sideways on bellow that strong supply zone area (0.8155). Just wait and see - and then if here formed a nice and strong bearish candle of course, make plan to search for sell with Sl above that supply 0.8155
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EUR/GBP Daily Outlook
Daily Pivots: (S1) 0.8109; (P) 0.8127; (R1) 0.8157;
Current development suggests that consolidation pattern from 0.8164 has completed with three waves to 0.8035 already. Intraday bias in EUR/GBP remains mildly on the upside for 0.8164 resistance. Break will indicate resumption of whole rebound from 0.7755 and should target 38.2% retracement of 0.9083 to 0.7755 at 0.8262. On the downside, below 0.8097 minor support will turn bias back to the downside for 0.8035 support and below.
In the bigger picture, price actions from 0.9799 are treated as a long term consolidation pattern with fall from 0.9083 as the third leg. Strong support is expected inside 0.7693/8186 support zone to conclude the consolidation. No change in this view. The focus is now on 0.8164 resistance, which is close to 55 week EMA (now at 0.8154) and break there will be another sign that such consolidation is completed and 0.7755 is a major bottom. In such case, strong medium term rally should be seen back to 0.9083 resistance and above. Nonetheless, a break below 0.7959 support will likely bring another low below 0.7755 before the consolidation pattern fin in shes.
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EURGBP showed a bearish reversal signal, we will wait for lwma cross confirmation. Once it confirmed, the pair will likely fall towards 0.8108, however if it fails to break the pivot (0.8126), the pair is possible to rise towards 0.8155 again
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