i was waiting to pullback of last 4h candles to look for opportunity. and now i can see that after braking trend line and pullback again to it, it appears shooting star candle and week volume to continue upward. so its good sign for sell EUR here
EURGBP expected to rise up to 1st resistance at 0.87170 where it could potentially react off and drop down to 1st support at 0.86278.
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Hello Traders , you can see descending trendline below price which has been supporting the price from falling lower and then we have strong 0.88 level which may stop price from moving higher..
Looking at chart we can see these strong support resistance levels from where we can find range trading entries in EURGBP pair.... Buying near trendline is suggested...
ANALYSIS ON EURGBP
Welcome to my analysis
2 Hour Chart
Interesting Point of interest In the EURGBP pair.
- Price still below 200 day EMA.
- Expecting more downward momentum.
- MACD showing bullish divergence so watchout.
- Bottom for BUY