Price action context
On the 29th, the pair hit the lower part of a multi-year resistance zone (0.9125 – 0.9325) and got heavily rejected, selling off 150+ pips in only 2 days, bringing price back to a short-term key support. The last 3 times price touched this area, the bullish reaction to it was st
Considering that i was waiting for the pullback on my last analysis, but the price did what is better for me by giving me a deep retracement to the previous support i am waiting for confirmation on 1H to go long
Daily Pivots: (S1) 0.9092; (P) 0.9134; (R1) 0.9183;
Intraday bias in EUR/GBP remains on the upside for 61.8% retracement of 0.9499 to 0.8670 at 0.9182 first. Sustained trading above there will pave the way to retest 0.9499 high. On the downside, below 0.9079 minor support will turn intraday bias neu
EUR/GBP pushes above 0.9100 to its highest levels since 26 March
The pair is continuing to ride the momentum from the upside break towards the end of last week, with buyers shaking off daily resistance from the 29 May high @ 0.9055.
The pair is now posting fresh highs of 0.9023, last seen since 2
LONDON(Reuters) - Sterling fell on Monday against both dollar and euro as investors shifted the focus to how Britain’s government will pay for its planned big infrastructure programme, while Brexit-related risks kept pressure on the pound.
Prime Minister Boris Johnson said he would double down on
EUR/GBP exploded higher today as we rallied out of a triangle formation the last couple weeks. The daily RSI is not overbought (yet), but we are hitting a confluence of Fibonacci levels. The 61.8% retracement of the March highs to April lows comes in at .9185 and the 161% extension of the triangle c
▶Hey everyone, The best give back you can do is to like this idea if it's helpful to you.🙌⠀ ⠀ Analysis of #EURGBP ⠀ This one was a favorite of my mine in the last few weeks had beautiful wins on it with members inside the signal service. now that it provided a confirmed fl
What's going on traders! Currently, I have EURGBP on my watchlist. On the higher timegrames you can see EURGBP moving to the upside. On the 1h, we have recently broken out of a consolidation, which serves as a continuation pattern. I will now be waiting for a retest of the
GBP/USD fails to extend the late-Friday pullback from the lowest since May 29.
A descending trend line from June 04 stays on the bears’ radars below 200-bar SMA.
Oversold RSI conditions confront bearish MACD signals ahead of the key EU-UK Brexit talks.
GBP/USD drops to 1.2335 during the initial Asi