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Blog 10/5: Sell EUR/GBP follow weekly chart

Hi Traders,
The weekly chart of EURGBP shows prices is testing support level at 0.83. If prices goes though 0.83, target may be 0.814. Resistance level above 0.85. I expect GBP comtinue to recovering in the next few weeks.
Good luck
Haynes6EU
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EURGBP - Waiting for better level to enter Long

Hello community,
I saw a good chance to enter long the crossed lair EURGBP in H1 chart (price go cross and now standing above sma 100). So I'm waiting for better level to jump in
It's time to end this month and good luck to all in "Trader contest"
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EURGBP - A quick view on crossed pair!

Hello community,
As the title above, I want to share my view on EURGBP. It's pure technical. Let's discuss!
- Daily chart shows the pair EURGBP is finding support level. I will watch closely on the chart to see momentum and strength of Bulls and Bears.
- Weekly chart shows the pair could visit at least 0.74~0.75 area. Of course when daily and H4 chart shows strength of Bulls and Bulls in control.
Look at those charts below for detail.
Regards,
Haynes
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Lazy pair EURGBP is going into crowded area

Dear community,
It seems that the lazy pair EURGBP was taken 0.816 support level. So it should be more downside for this pair but I think that the pair is going into another crowded area. Let's see some charts below and give me your opinion
Fundamental: We see opposite direction for EUR vs GBP. U.K economy is so strength and continue to support for GBP. Meanwhile market is expecting new action from ECB in June, so it put pressure on EUR.
1. Monthly chart: I see sell pressure in the chart. Target…
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Haynes6EU avatar

0.808 support hold. I'm waiting for sell oppoturnity at higher level

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The pair continue down momentum. Bounced from 0.808 to 0.815 and now go back to major down trend.

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OMG :D this pair break below 0.8. Opposite sentiment of EUR vs GBP. We can see this pair retrace slightly this week before go south again.

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The pair has fall sharply. Now I expect retracement!

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Retrace started. Resistance at 0.806!

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EURGBP on 2nd of June

1. Weekly chart: Retest 0.816. If this level is broken, more downside is expected, maybe 0.8 and 0.776. Resistance at 0.84
2. Daily chart: The pair break the downtrend line, but the pair back to the downtrend soon. I expect price stands at 0.816 level for a few days before break to lower level.
My target: 0.8167
Thanks,
Haynes
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EUR strong down after ECB press conference and is testing resistance 0.816~7 area again.

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The pair continues to follow by the downtrend line! 0.816~7 support area still hold!

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Support area was taken. Now it becomes to resistance. More downside in my view :)

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Next target 0.8 is not so far :D

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0.808 support hold and bounce from there. Wait a chance to sell at higher level

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My technical view about the pair EURGBP

The pair EURGBP could be bottoming. I saw double bottom at 0.816 (it also is Fibonacci 61.8% level in weekly chart) and the falling trend line was broken. It could be a signal for more up side. So I expect the pair retest 0.84 level again. Because the pair is bottoming, so we can setup both side trading, short and long opportunity at strong support and resistance level, Of course must wait for confirmation in D1 chart. Now my first target is 0.84 and second target is 0.846. Short term support le…
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Convallium avatar

      Good point of view,Haynes!

carpe avatar
carpe 2 Abr

Well done!

Haynes6EU avatar

Thanks :)

Haynes6EU avatar

It's wrong analysis :(

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I think that more down side for this pair.

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