Hi Traders, The weekly chart of EURGBP shows prices is testing support level at 0.83. If prices goes though 0.83, target may be 0.814. Resistance level above 0.85. I expect GBP comtinue to recovering in the next few weeks. Good luck Haynes6EU
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Hello community, As the title above, I want to share my view on EURGBP. It's pure technical. Let's discuss! - Daily chart shows the pair EURGBP is finding support level. I will watch closely on the chart to see momentum and strength of Bulls and Bears. - Weekly chart shows the pair could visit at least 0.74~0.75 area. Of course when daily and H4 chart shows strength of Bulls and Bulls in control. Look at those charts below for detail. Regards, Haynes
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Dear community, It seems that the lazy pair EURGBP was taken 0.816 support level. So it should be more downside for this pair but I think that the pair is going into another crowded area. Let's see some charts below and give me your opinion Fundamental: We see opposite direction for EUR vs GBP. U.K economy is so strength and continue to support for GBP. Meanwhile market is expecting new action from ECB in June, so it put pressure on EUR. 1. Monthly chart: I see sell pressure in the chart. Target…
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Framework: I. Fundamental: Excess liquidity in the euro system fell and put upward pressure on EONIA at the end of every months, EZ CPI is at low level and the market is watching closely next data released. Meanwhile fundamental data is supporting for Aussie despite of soft CPI data. II. Currency positioning: Net long for both EUR and AUD. III. Technical view: 1. Weekly chart: There is a new potential H&S in weekly chart. The pair could retest the previous neck line and go down again??? 2. Daily…
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