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Thread: Eur/gbp bullish

  1. #1
    jonsmith is offline Senior Member
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    Sep 2015
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    Default Eur/gbp bullish

    The primary trend of EUR/GBP is bullish on charts and price is trading above the trend line in its hourly chart. In hourly chart the price is sustaining above 200 day SMA and taking support of 50 day SMA on the upside indicating uptrend of the pair.
    Resistance level of 0.7920 and Support level of 0.7820
    If it breaks its resistance level on the upside and sustains above it then we can expect it to show further bullish movement in the pair.
    EURGBP.jpg
    INDICATORS:-
    MACD is sustaining in its positive territory indicating the bullish trend in the pair.
    RSI is sustaining in its buying zone indicating the upcoming bullish trend in the pair.

    STRATEGY: EUR/GBP is looking bullish on charts for next few trading session. One can go for buy on lower 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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    Default

    EUR/GBP BEARISH TODAY

    The EUR/GBP pair bounced slightly during the course of the day on Wednesday, using the 0.7870 level as support. At this point in time, the market is looking bearish. The primary trend of EUR/GBP is bearish on charts and price is trading below its support trend line in its 1 hourly chart. In its 1 hourly chart the price is sustaining below 200 day SMA that are appears on the above image indicating downtrend of the pair.
    Resistance level of 0.8000 and Support level of 0.7870
    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: 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
    Join Date
    Sep 2015
    Posts
    100

    Default

    EURGBP BULLISH

    The EURGBP pair bounced slightly during the course of the day on Wednesday, using the 0.8510 level as support. At this point in time, the market is looking bullish. The primary trend of EURGBP is bullish on charts and price is trading below its Resistance trend line in its 1 hourly chart. In its daily chart the price is sustaining above 100 day SMA that are appears on the above image indicating uptrend of the pair.
    Resistance level 0.8533 Support level 0.8510
    If it breaks its resistance level on the upside and sustains above it then we can expect it to show further bullish movement in the pair.
    EURGBP.jpg
    INDICATORS:-
    MACD is sustaining in its positive territory indicating the bullish trend in the pair.
    RSI is sustaining in its buying zone indicating the upcoming positive trend in the pair.

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

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