Euro/Gbp Analysis - Page 2
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Thread: Euro/Gbp Analysis

  1. #11
    EURGbp is one of the most dangerous pair as it is very much ranging all the time. It is correlated with EURUSD and GBPUSD as both contains EUR and GBP. SO if you want to make money with it you must have a good strategy that is ranging rather than trending.

  2. #12
    As at the moment, the EUR/GBP is in downtrend as you can see on the chart below and the that started on 8th of April 2016 and for the past fifteen days , the pair has moved almost 360 pips but there is a railway track being formed which suggests a temporary correction at the door and if that area holds , the pair may go up for correction but that does not mean the market is ready to reverse. I will be more comfortable to buy this pair if I see a good buy order at that support area that is shown below






    EURGBPDaily.png

  3. #13
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    For now am confuse about this pair, so I have stay clear from it until I find a good support area, the pair was moving same direction with eurusd before, but not I think that has change so I don't have a perfect view for this pair now, well if anyone have any good idea what this pair movement will be this week let him or her share with us here, for me am not sure where it will be moving to for now.

  4. #14
    Registered user mohamed reda's Avatar
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    i am a fan of this pair i think that is the best pair to trade with and trading using price action will be profitable .his moves is so simple and you can predict his move easily using price action so i like trading with this pair so much because it is so simple and so fast so like it.

  5. #15
    hello guys
    i don`t really like to trade on small time frame like 1 hour . but when i check EUR/GBP pair
    i found very good chance to enter long position with target 66 pips ,and stop lose 20 to 33 pips
    please check the chart and be careful and don`t forget the money management
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  6. #16
    This Two currency 💱 are almost the same strength you ha e to know that the news that come out are almost similar to each other trading this pair currency pair is that it doesn't have alot of movement but you have to know when trading you have to make sure see

  7. #17
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    EURGBP there is always something we know that works well for the right rate that we know out there we have to ull a number of things well for the right idea we know out there we.it has a bearing aspext it being that it is having EUR weakening so look at a bearish form

  8. #18
    As we can see now that Euro Gbp already hit the strong support point 0.7780 and its already break this point too I think weekly chart is looking more bearish from here , Daily chart showing that there could be a reversal from here but weekly chart saying opposite of it.

  9. #19
    eurgbp.jpg


    The pair still have the strength to go north at least to the point where it will form a double top at the price level where I put the horizontal line and I will be prudent not to chase the rise here and wait until the price gets to the target level and see how price reacts to that level before I can know what to do . I am on wait mode on this currency pair

  10. #20
    Quote Originally Posted by layigold View Post
    The pair still have the strength to go north at least to the point where it will form a double top at the price level where I put the horizontal line and I will be prudent not to chase the rise here and wait until the price gets to the target level and see how price reacts to that level before I can know what to do . I am on wait mode on this currency pair
    For now it might even go to the south. If you want to check the market's condition then you need to stay updated with the article50 in this trade since it seems that Britain will face a hard time to get out from the market. And that only means that it might just went down quite big and the dip might not be unstoppable for now.

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