EURGBP Analysis Feb 2020

19-Feb-2020

Buyers Max SL 0.8275

09-Feb-2020

CMP: 0.8496; Res: 0.8538; Sup: 0.8434/0.8387

Primary View:
As long as 0.8595/0.9020 holds resistance, still more down side left.
Downside targets are: 0.8233-0.8167, 0.7975-0.7877.
Sellers SL 0.8595 max.

Alternate View:
If the above supports hold, we can see 0.8538 again and further 0.8582-0.8585, 0.8702-0.8776, 0.8897-0.8943.
Break of 0.8397, we can see more fall.
Buyers SL 0.8387 max.

07-Feb-2020

CMP; 0.8486; Sup: 0.8434/0.8389
As long as the above supports hold, we can see 0.8582-0.8628, 0.8702-0.8777, 0.8897-0.8943...

EURGBP: Will Supports hold? 30-Jan-2020

CMP: 0.8423; Res: 0.8595; Sup: 0.8385/0.8275
If supports, hold, we can see 0.8595 again and further 0.8702-0.8776.

EURGBP: Trade Idea 28-Jan-2020

CMP: 0.8453; Sup: 0.8409/0.8387; Res; 0.8449
If 0.8408 holds support, we can see 0.8471-0.8486 first and further 0.8509-0.8518...
Buyers SL strict to 0.8431/0.8405 max.

EURGBP: Short Term Bull? 27-Jan-2020

CMP: 0.8445; Sup: 0.8389/0.8277
As long as the above levels support and a break of 0.8589, we can see 0.8677-0.8702, 0.8776-0.8822, 0.8897-0.8943...

EURGBP: Last down move pending? 23-Jan-2020

CMP: 0.8443; Res: 0.84890.8555//0.8593

Bearish Scenario:

As long as the above resistances hold, we can see another drop towards 0.8405-0.8365 before rise.
Now, expecting a correction as wave iv which will consume time.

Strategy: Sell on Rise with max SL 0.8489.

Bullish Scenario:

CMP: 0.8442; Sup: 0.8421/0.8277

If 0.8424 is the end of down move, we will be in bull short term.
For any buy SL 0.8421/0.8275 positional. Best buy can be as per the Bearish Scenario.

Strategy: Buy on Dips.
Upside  TGTs: 0.8590, 0.8730, 0.8810
Small targets: 0.8544, 0.890, 0.8619, 0.8665...

In both Scenario, I expect up move and min tgt 0.8590.

FX: EURGBP: Down move going to end soon?

CMP: 8485; Res: 0.8593; Sup: 0.8277
As per my previous analysis, down side target intitial tgt done and nearing min tgt (0.8472-0.8454-0.8421), extension can be 0.8397.
Extensions can be 0.8472-0.8454-0.8421.

Positive Divergences in 30M chart.

FX: EURGBP - Trade Ideas

21-Jan-2020 

CMP: 0.8524; Res: 0.8555/0.8577/0.8595; Sup: 0.8488
As long as 0.8555 resists, we will see 0.8488-0.8472 again.
Further targets: 0.8454-0.8421(ultimate), 0.8397-0.8369...
Sellers SL 0.8555 max.

EURGBP: Can we see down side correction? 20-Jan-2020

CMP: 0.8540; Res: 0.8578/0.8595
As long as the above levels resist, we can see 0.8455-0.8450.
Further targets: 0.8435-0.8421, 0.8397, 08369.
Above 0.8595 bullish. Below 0.8277 bearish.

EURGBP: Looks bearish as a complex correction 18-Jan-2020

CMP: 0.8522; Res: 0.8589/0.8600; Sup: 0.8455

If EURGBP successfully break the trend line and a move below 0.8455, can lead to 0.8435-.08421 initially and further 0.8397, 0.8367.

Base support: 0.8277.

EURGBP: Bull/Bear? 14-Jan-2020

CMP: 0.8571; Res: 0.8582/0.8592; Sup: 0.8277
As long as 0.8589/0.8593 resists, we will see 0.8479 again and further 0.8441-0.8435, 0.8408-0.8397...

EURGBP: More upside left 13-Jan-2020

CMP: 0.8564; Res: 0.8592/0.9324; Sup: 0.8451/0.8277
As long 0.8277 supports and a break of 0.8592, we can see 0.8646 first and further 0.8766-0.8840.
Other tragets: 0.8886-0.8924, 0.8961-0.9017...