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EUR/GBP Daily Analysis


pepy

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On H1 chart, Stochastic already indicated that the price of EURGBP has been fall too low and reached its oversold area,  and if the candle changed to the bullish also the price could be closed above 0.70291 the price may made morning start and will confirm that the trend will change.

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  • 2 weeks later...
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EURGBP on H1 chart has big potency to be bullish and still able to do so. The price skyrocketing to 0.72245 accompanied by Stochastic which showing the price moving in oversold area for a while before start to rebound, technically after break MA100 this pair may rise further but stil be aware with NFP.

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  • 1 month later...

H1 chart. EURGBP once again failed to pass resistance level at 0.76195 but this bearish movement also get a resistance from MA21 Now between MA21 and 0.76195 as resistance level, so if there is a break between those two, this pair may rise and continue the next break trend.

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  • 2 weeks later...

EURGBP seen trying to climb back to above resistance level at 0.76194, and if this effort is successful, EURGBP could return to the bullish state which resulted to expansion at higher price, but if that fails, then EURGBP will be depressed and begin to move down again once more.

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  • 3 weeks later...

H4 chart. EURGBP price seems stable but nearly to reach its saturation as indicated by RSI which showing small bearish movement and so do Stoch. Not to mention there was bearish engulfing pattern which means the price may fall deeper than we ever imagine, but my prediction it could fall to psychological  level at 0.79002 or even lower, but before that the price may has another resistance at 0.78544.

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EURGBP tend to weakening, considering that the opening was below pivot level and try to test the support at 0.77519. According to the other technical indicators like MA100 this one may fall deeper to as it is moving below of it. Stochastic and RSI also showing bearish sentiment with both respectively fall to 27 and -64.

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  • 2 weeks later...

EURGBP today wants to rise above 0.77598 again, but right now it seems cannot break it but if this attempt successfully before Europe Session, the price will surely rise above even up to around 0.77605 and it means bullish sentiment through EU session. But if still stalled there sideways probably occur.

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On H1 chart, it is clear that EURGBP start to bounce at support at 0.77375 and later, the price is strengthening at 0.78398 and seems want to break that resistance level, so it seems that the chance for this pair to rise is open. But 0.78398 is quite strong so it may cannot reach for this day.

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  • 2 weeks later...

Yesterday it seems that EURGBP was trying to break support at 0.78524 and fall further but failed to do so, at this moment the price could lead to the next rebound and strengthening once again, But if price able to break support, the bearish trend will dominate and the downfall is inevitable.

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  • 2 weeks later...

H4 chart saw the price is falling now slowly but sure, especially after the first support level broken and right now EMA100 also is moving above the candle indicated the price will fall, not just that according to KDJ, the price has been forming crossover line, and in bearish direction indicated that EURGBP will fall deeper up to 0.798000

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  • 3 weeks later...

EURGBP rebounded after failed to hold its position below 0.77598. Stochastic also support this condition with forming a bullish crossover then the there is a potential for this pair to strengthening back. If the price cannot break MA100 at this point then EURGBP will get the pressure back.

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  • 3 weeks later...

H1 chart, EMA50 and all indicator which i am using right now say the same :D , All bearish. Price is clear is below EMA50 with trying to break it two times but failed. RSI(14) and Ichimoku say the same, The previous candle show the evening star which means a reversal after failed to break EMA50. EURGBP may fall to 0.78452 and 0.77942. My bet is around that price level.

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  • 2 weeks later...

There is bearish movement in Tokyo Session but the price seems will rise back. EG predicted to rise back to 0.77956 today and still continue its bullish movement since it indicated RSI and KDJ just out from oversold and bearish sentiment yesterdy is most because of correction of the price which jumped before.

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EURGBP is moving above ema(25) on 1 hour time frame. With RSI(14) is rising to level 61. Stoch (5,3,3) is also moving towards the higher level at 64. Macd indication is high higher and it means if the price is able to break 0.76402 then the price will rise back to 0.77007.

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EURGBP ascend to the upper band and closed above round number at 0.77508. With RSI (14) rise to area around 83, Stochastic (5,3,3) also rise to 90. Both of those already indicated high bullish plus  Macd (12,26,9) is formed high higher. The conclusion is strong bullish bias to 0.78004.

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On H4 timeframe EURGBP formed a strong bullish pattern with three rising pattern. The price successfully break the upper band and closed just above of the band. RSI(14) indicated the price will rise with ascend to area around level 74. Stochastic (5,3,3) ascend to level 88, and Macd (12,26,9) forms higher high. Bias is bullish with all of those indicators and the price may rise towards psychology resistance at 0.79002.
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EURGBBP fall back and close the gap between price also with the closing price closed below MA 100 and still moving below. There is possibiliy of the price will gain more pressure today. It seems that the price will move towards level 0.77254 or even to the lower level if possible.

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Bullish engulfing pattern successfully formed on daily chart of EURGBP and the price observed break the upper band area which located at 0,79305. Some indicators such as Stochastic (5,3,3) rise to area 77, RSI (14) rise to the area 60, and Macd(12,26,9) forms higher high. Strong bullish seems dominate the market with the price rise towards resistance level at0.80007.

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This morning EURGBP observed to be so much volatile following the opening which showing gap down. Technically it will keep fall as the other indicators show, but UK's referendum could change and to be honest will affect this kind of pair a lot. I don't recommend to trade now but if you follow technical i recommend to be BEAR or SELL.

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  • 3 weeks later...

The downtrend is clear, combined with hanging man which appeared before on daily frame, the lowest price on friday got its support at 0.85021. The other indicators also indicated for bearish trend.Stochastic (5,3,3) and RSI(14) fall to around level 79 and 72 respectively, while Macd (12,26,9) formed higher low. Bias for this week is mid bearish with nearest support at 0.84341.

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Bullish engulfing patter formed on 1 hour time frame of EURGBP with both Stochastic and RSI respectively rise to area around 67 and 37. MACD on the other hand forms lowers high indicated a bit resistance. Bias still bullish and the price may rise towards 0.83507 and with the resistance at 0.84501.

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It seems that EURGBP formed a pennant pattern on H1 chart also RSI (14) fall to around level 48 while Stochastic (5,3,3) exactly fall to level 62. If the scenario is completely based on the pennant pattern, it is possible that after the consolidation phase is over, the pair will resume its bullish trend, let's look and wait. 

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  • 2 weeks later...

EURGBP is currently moving up to the level of 0.84579 on H1 chart, Super Trend and EMA30 are indicated to have a bullish trend which is strong enough. Putting that aside, MACD also formed a higher high, last but not lleast, Parabolic SAR signaling market price still has an upward trend is strong, it is estimated the market will still move up until the level of 0.84711.

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EURGBP opened with gap but closed the gap once again in less then one hour later on H1 chart .Rsi (14) rise to level 50. Stochastic (5,3,3) rise to around level 35. Macd (12,26,9) forms higher high and it means that the bias is bullish with the price may trying to touch psychological resistance at 0.85000.

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On 30 minutes frame two doji followed by a bearish engulfing candlestick pattern formed on the EURGBP pair. Other indicators show bearish sentiment, RSI (14) down to around level 58. Stochastic (5,3,3) fall down to around level 65 and Macd (12,26,9) forms higher lows. Price bias is strong bearish with support at 0.84503.

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