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Thread: Eurgbp bearish

  1. #1
    jonsmith is offline Senior Member
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    Default Eurgbp bearish

    The secondary trend of EUR/GBP is bearish on charts and price is trading below the trend line in its hourly chart. In hourly chart the price is sustaining below 200 day SMA and taking resistance of 50 day SMA indicating downtrend of the pair.
    Resistance level of 0.7750 and Support level of 0.7705
    If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.

    INDICATORS:-
    RSI is sustaining in its selling zone indicating the upcoming bearish trend in the pair.

    STRATEGY: EUR/GBP is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions in it.

  2. #2
    jonsmith is offline Senior Member
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    TODAY ANALYSIS
    The primary trend of EUR/GBP is bearish on charts and price is trading below the trend line in its hourly chart. In hourly chart the price is sustaining below 200 day SMA and is taking resistance of 50 day SMA indicating downtrend of the pair.
    Resistance level of 0.7750 and Support level of 0.7705
    If it breaks its suppport level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.
    EURGBP.jpg
    INDICATORS:-
    RSI is sustaining in its selling zone indicating the upcoming bearish trend in the pair.

    STRATEGY: EUR/GBP is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions in it.

  3. #3
    jonsmith is offline Senior Member
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    EUR/GBP BEARISH

    The EURGBP pair bounced slightly during the course of the day on Tuesday, using the 0.8389 level as support. At this point in time, the market is looking bearish. The primary trend of EURGBP is bearish on charts and price is trading below its support trend line in its hourly chart. In its daily chart the price is sustaining below 200 day SMA that are appears on the above image indicating downtrend of the pair.
    Resistance level 0.8411 Support level 0.8389
    If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.
    EURGBP.jpg
    INDICATORS:-
    MACD is sustaining in its negative territory indicating the bearish trend in the pair.
    RSI is sustaining in its selling zone indicating the upcoming negative trend in the pair.

    STRATEGY: EURGBP is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions in it.

  4. #4
    jonsmith is offline Senior Member
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    Default

    EUR/GBP

    The EURGBP pair bounced slightly during the course of the day on Thursday, using the 0.8309 level as support. At this point in time, the market is looking bearish. The primary trend of EURGBP is bearish on charts and price is trading below its support trend line in its hourly chart. In its daily chart the price is sustaining below 100 day SMA that are appears on the above image indicating downtrend of the pair.
    Resistance level 0.8351 Support level 0.8309
    If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.
    EURGBP.jpg
    INDICATORS:-
    MACD is sustaining in its negative territory indicating the bearish trend in the pair.
    RSI is sustaining in its selling zone indicating the upcoming negative trend in the pair.

    STRATEGY: EURGBP is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions in it.

  5. #5
    jonsmith is offline Senior Member
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    Default

    EURGBP BEARISH

    The EURGBP pair bounced slightly during the course of the day on Friday, using the 0.8416 level as support. At this point in time, the market is looking bearish. The primary trend of EURGBP is bearish on charts and price is trading below its support trend line in its hourly chart. In its daily chart the price is sustaining below 50 day SMA that are appears on the above image indicating downtrend of the pair.
    Resistance level 0.8458 Support level 0.8416
    If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.
    EURGBP.jpg
    INDICATORS:-
    MACD is sustaining in its negative territory indicating the bearish trend in the pair.
    RSI is sustaining in its selling zone indicating the upcoming negative trend in the pair.

    STRATEGY: EURGBP is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions in it.

  6. #6
    jonsmith is offline Senior Member
    Join Date
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    Default

    EURGBP

    The EURGBP pair bounced slightly during the course of the day Thursday, using the 0.8612 level as support. At this point in time, the market is looking bearish. The primary trend of EURGBP is bearish on charts and price is trading below its support trend line in its hourly chart. In its daily chart the price is sustaining below 100 day SMA that are appears on the above image indicating downtrend of the pair.
    Resistance level 0.8636 Support level 0.8612
    If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.
    EURGBP.jpg
    INDICATORS:-
    MACD is sustaining in its negative territory indicating the bearish trend in the pair.
    RSI is sustaining in its selling zone indicating the upcoming negative trend in the pair.

    STRATEGY: EURGBP is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions in it.

  7. #7
    jonsmith is offline Senior Member
    Join Date
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    Posts
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    Default

    EURGBP

    The EURGBP pair bounced slightly during the course of the day Monday, using the 0.8600 level as support. At this point in time, the market is looking bearish. The primary trend of EURGBP is bearish on charts and price is trading below its support trend line in its hourly chart. In its daily chart the price is sustaining below 50 day SMA that are appears on the above image indicating downtrend of the pair.
    Resistance level 0.8628 Support level 0.8600
    If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.
    EURGBP.jpg
    INDICATORS:-
    MACD is sustaining in its negative territory indicating the bearish trend in the pair.
    RSI is sustaining in its selling zone indicating the upcoming negative trend in the pair.

    STRATEGY: EURGBP is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions in it.

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