Subscribei think that eurgbp start to form a bullish trend in the H4 chart , so it is expected to test again this trend and if it couldn't break it we can buy as it will continue bullish till reach the first resistance level @0.7820 ,
Thread: Eur/Gbp
i think that eurgbp start to form a bullish trend in the H4 chart , so it is expected to test again this trend and if it couldn't break it we can buy as it will continue bullish till reach the first resistance level @0.7820 ,
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pair could not be fixed above the Ichimoku cloud top, and repulsed by it began to fall again to the south, the course is now trading below the clouds and the trend is again resumed, the goal I have about the level of 7755.
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uptrending is expected because of the trading now above the level of 0.7797 (pivot point) and the pair might continue in it's up movements heading to level 0.7830, good luck..
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pair on the hourly chart has formed an inverted head and shoulders, while the price is trading near the line-resistance necks 7820, at the break of which could be talking about a trend reversal, and expect the northern movement.
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The short term trend of the pair is to the upside. Intraday trading range of the pair is expected among key support at 0.7960 and key resistance at 0.7880. Based upon my chart analysis, I prefer to stay aside from the pair until we get a confirm setup for the upcoming big move.
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LWMA 100 now looks flat, so the possibility EURGBP today, will move sideways in the range of 0.7797 to 0.7839. However, this sideways movement will be more likely to rise.
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EUR / GBP pair on the hourly time frame shows two signals for the purchase (Ichimoku), but while fixing above the lower boundary of the cloud is not present, and much that the price went to a retreat from it, maybe that is the resumption of the south.
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EURGBP is moving near the support level at 0.7748 and this pair still in bearish movement until now.
I think if EURGBP can break 0.7748, EURGBP will ocntinue the down trend and the next target is at around 0.7700 as the next support level of EURGBP
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Over the last 12 hours of trading a little time to grow a pair and reached the first rung of the resistance of 0.7800, I think if you pierce the top of it may form a corridor with a range of 0.7800-0.7830 .... if not then continue the trend downward ...
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