Eur/Gbp

[ashaab]

The pair was able to provide a daily closing below the main descending channel�s support shown above which further confirms our expected downside move for today. Momentum indicators are still offering positive signals that restrict the downside move which will keep the sideways volatility ongoing before moving towards targets at 0.7850.



Recommendation : Based on the charts and explanations above, our opinion is selling the pair below 0.7970 targeting 0.7900 and 0.7850 stop loss above 0.8065 might be appropriate

[simpleforex68]

We can see in H4 chart of the pair. The price has a long time decrease. The sell power is extremely weak because there is a Divergence on MACD indicator. So, I think the price will be up.

[nurdiantofxwave]

Mrenstein signal indicator now:
tf m15: 33.33
tf m30: 54.17
tf h1: 80.43
tf h4: 57.81
tf d1: 26.71

The movement of this pair gained since this morning in asia session to reach the daily pivot (0.7988) and returned to a weekly support (0.7994). Currently, the price kept going up while the medium and long-term trend shown by the ma 96 & 480 are down. prices could be stuck at level 1 daily resistance (0.8013).

[ashaab]

The pair breached the support level of the descending main channel as shown above, and provided a daily closing below this level. Therefore, we still expect the downside movement to extend over intraday basis supported by SMA 50. Our next targets are at 0.7900 and then 0.7850, while stability below 0.7975 is necessary for our expectations to prevail.



Recommendation : Based on the chart and explanations above, our opinion is selling the pair below 0.8065, targeting 0.7975 and 0.7900 and stop loss above 0.8170 might be appropriate

[ashaab]

The pair is stable below the support level of the descending minor channel as shown above, and trading as well around the descending main channel, where momentum indicators are positive and forcing upside pressures on the pair. But in general, we expect the downside movement to extend , targeting mainly the support level of the main channel around 0.7975 to confirm the continuity of the downside movement over intraday basis. The level of 0.7975 might remain intact amid the current bearishness, which might trigger an upside journey, targeting the resistance of the descending channel around 0.8360.



Recommendation : Based on the chart and explanations above, our opinion is selling the pair below 0.8065, targeting 0.7975 and 0.7900 and stop loss above 0.8170 might be appropriate

[nurdiantofxwave]

1. Trend analysis today with sma system:
sma 16 as short term trend indicator = down
sma 96 as medium term trend indicator = down
sma 480 as long term trend indicator = down
So the trend is down.

2. Pivot,ressistance and support level this day:
p: 0.8026
r1: 0.8058
r2: 0.8080
r3: 0.8111
s1: 0.8005
s2: 0.7973
s3: 0.7954

[simpleforex68]

In H4 chart, the pair has made a long decrease from 0.8398. It is still in downtrend. I think the price will increase slightly to the kumo cloud (fibonacci 38.2% level) and then it will decrease strongly .

[ashaab]

The pair is trading positively in attempts to retest the level of 0.8080. Therefore, our suggested scenario remains valid without any changes.



Recommendation : Based on the chart and explanations above, our opinion is selling the pair below 0.8085, targeting 0.7985 and 0.7900 and stop loss above 0.8170 might be appropriate

[simpleforex68]

Let's have a look at H1 chart of the pair with the indicator MACD. We can see a Divergence on MACD. This is a signal for reverse. So, I think the price will be up. The target is EMA 200 because this is a strong resistance.

[nurdiantofxwave]

Yesterday this pair gone up until 0.8044 but can not continued its gain. Otherwise it retraced down to low level 0.8002 and closed in 0.8011.

This day if the price can break dayly support level 1 (0.7993), it can fall down to monthly support 2 area (0.7976).

Below the data of support & ressistance today:
pivot point: 0.8018
r1: 0.8037
r2: 0.8060
r3: 0.8081
s1: 0.7993
s2: 0.7974
s3: 0.7949