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EUR/GBP Daily Analysis


pepy

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EURGBP on 1 hour chart observed to be bearish, the price formed shooting star which become the main reversal signal for today. Not to mention Stochastic in this chart is moving down means bearish signal. RSI is also moving down, MACD in this chart formed higher low on red zone indicated bearish mode. I suspect this pair is bearish and may fall towards 0.85640

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Based on 1 hour time frame chart of EURGBP the price is falling back and able to break EMA100 and closed below, this supported by Parabolic SAR which is moving above the current price, RSI(14) which in this chart fall to level 40 and Stochastic (5,3,3) which in this chart fall to level 39. MACD also support this movement by formed higher low on red zone. According to the analysis, this pair predicted to have strong bearish with support at 0.8592

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EURGBP on h4 chart observed to be under bullish ressure just like EURCHF, the price here closed above the upper band and the price is still above the current pivot point. RSI and Stochastic both seem rise to higher level where RSI to level 62 and Stochastic to level 44. MACD with higher high on green zone while Parabolic SAR is bullish. According to the analysis, this pair considered to be bullish with resistance at 0.8875

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EURGBP on 1 hour chart show us that EURGBP's price rise a quite sharp compared to the other currency. The price is above middle band and also EMA100. Stochastic observed to fall down to level 35, Parabolic SAR is below the price, RSI(14) rise to level 80 and MACD formed lower high on green zone. Well, based on that all and my analysis then i conclude this pair will be bullish with resistance at 0.9284

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EURGBP on 1 hour chart indicates that the price is above EMA50 and EMA100 also Parabolic SAR. The price at the moment is also above the pivot line where RSI(14) rise to around level 64 and Stochastic(5,3,3) rise to around level 75 not to mention MACD(12,26,9) which forms lower high on green zone which means weak bullish. Based on the analysis above the 1 hour chart, the pair is predicted to bullish with resistance at 0.9100

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EURGBP in this chart(1 hour chart) expected to be bearish with support at 0.8938 especially since RSI fall down to level 44 and Stochastic also fall down to level 35, but not just that the price is clearly fall below EMA70 right now. Parabolic SAR in this chart is a bit different with show bearish signal but overall just like i said earlier this pair is expected overall today to have bearish sentiment.

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EURGBP on 1 hour chart fall get the effect of EUR weakening up to the lower level or at suppport around 1.1000. The price is below EMA50 too and Parabolic SAR seems moving above the price. With the price indicated bearish sentiment since that also supported by RSI(14) and Stochastic(5,3,3) where both of this indicators fall to around level 49 and 30. Based on the analysis, then this pair is expected to be bearish with support at 0.8974

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EURGBP on H1 chart formed bearish engulfing pattern with the price break the lower band and closed below. The price even able to break the pivot line and closed below too. RSI and Stochastic here are bearish with fall to around level 31 and level 28 respectively. PSAR is bearish with moving above the price. The psychological support which will be meet is at 0.8900

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EURGBP price seems fall down but failed to break EMA20 and EMA50 with the price of this pair is below those lines. Pivot line is also above the price. RSI (14) in this chart seems rise to level 47 while Stochastic(5,3,3) seems rise to level 52. MACD(12,26,9) in this chart formed high high on the green zone. Based on the analysis above in this 1 hour chart the price predicted to be limited bullish with resistance at 0.8980

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Based on 1 hour time frame chart EURGBP still under the bearish pressure with the price position is below EMA100 and EMA50. RSI in this chart observed rise to level 41 while Stochastic fall down to level 25. MACD(12,26,9) formed lower lows with Parabolic SAR is above the current price. So based on the analysis i think this pair will fall and the target is at 0.8900.

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EURGBP on 4 hour chart seems to form a bullish engulfing pattern and successfully break the middle band where the price closed above the current price. The price is also above pivot line indicated for more bullish sentiment. RSI and Stochastic both rise to level 53 and 54 respectively. Based on the analysis above it seems that EG expected to be bullish with resistance at 0.8916

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H4 chart, the price of EURGBP managed to break the upper channel and successfully closed above that channel line. Not jst that Stochastic in this chart show the signal for bullish with rise to level 54. RSI(14) also observed rise to level 64. Parabolic SAR is bulish too with moving below the current price. Based on the analysis today, this pair is expected to be bullish 0.9042

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Based on H4 chart of EURGBP Stochastic(5,3,3) observed to rise up at around level 45 which means bullish signal, MACD(12,26,9) here formed a higher high on the green zone while Parabolic SAR is keep moving below the price. RSI(14) also rise to level 68 . Since all indicators are bullish it is clear that the signal is bullish, so this pair may rise up to around 0.9650

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EURGBP on H1 chart saw the price still moving above Parabolic SAR and EMA100 with the help of Morning star and the formation of bullish wedge pattern in short term. I think this pair overall still have chance to rise considering that RSI still bullish, and so do Stochastic and MACD higher high formation. The next target is at 0.9025

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On 1 hour time frame chart, EURGBP failed to break the first support line at around 0.8955 thus the price has more chance to rise higher. EMA100 got a breakout too. Based on the analysis above RSI and Stochastic also rise to level 59 and 63 respectively and not to mention the price is closed above EMA100. With this the price expected to rise around 0.9000

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After failed to break pivot line and closed below this pair have less strengthe to rise further instead keep falling down and weakening. RSI and Stochastic in this chart observed to fall down around 37 and 28 respectively, with support from MACD lower low's formation. Based on that it seems EURGBP's price will keep weakening to around 0.8858

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EURGBP on H1 chart show that the price seems weakening more and the price now is moving below EMA100, EMA50, Parabolic SAR, and Pivot Line. This sentiment is strong enough to put the price down. Only leading indicators which are bullish but Stoch seems to make slight increase to 26 not like RSI which rise to level 40. Based on that all overall on H1 chart EURGBP is weakening towards support at 0.8550

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Gravestone doji formed on 30M chart of EURGBP and quite strong indication that there will be bearish pressure considering that EMA100 still moving above the price and also Parabolic SAR still do the same. Leading indicators such as RSI and Stoch both fall to level 45 and 53. MACD formed higher high formation. So i think this pair will weakening to around 0.8577

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  • 2 weeks later...

EURGBP based on 4 hour chart show that the price formed bullish engulfing pattern and it seems that lower band got a breakout. The other thing is RSI(14) and Stochastic(5,3,3) both rise towards 55 and 80 respectively, for Stoch it is overbought and price may fall lower a bit. MACD formed lower high and the price expected overall to be bullish with target at 0.8506

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Rejection by EMA50 brought EURGBP to the lower level, price may fall deeper since the other technical indictors such as RSI is bearish. The tandem of RSI which i am using here is Stochastic and it also signalling BEARISH. MACD is a bit bullish but Parabolic SAR is bearish with moving above the current price. So i think EURGBP will fall and the target is at 0.8452

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  • 2 weeks later...

EURGBP seems fall down to below the pivot level line in this Asia session but if this position can be held there is possibility that this pair may fall down. RSI and Stochastic both seems fall towards level 55 and level 67 respectively, while Parabolic SAR is moving above the candle. Price predicted to fall down to the first support at 0.8334

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EURGBP on H1 chart this morning successfully rise and closed above the pivot line today at 0.8382, if this movement is able to pass through a pivot level, then in accordance with the pattern of the bull channel is formed, the price will potentially rise to the resistance level at 0.8409. However, if price failed to hold the price above pivot, price will likely fall towards support at 0.8338



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  • 3 weeks later...

EURGBP this morning hampered by the resistance at 0.8539 since this pair also formed a bullish engulfing pattern which successfully break the cycle to arrive meet the resistance, if break it will rise to around the next resistance at 0.8567 but if failed will drop to around the pivot line at 0.8509 again based on H1 chart analysis.

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  • 2 weeks later...

EURGBP movement until this afternoon still looks sideways but still above the pivot level at 0.8709 so there is still chance for this pair to rise also it seems that RSI and Stochastic are bullish except for MACD but Parabolic SAR still below the candle. If the position of this pair can be maintained above pivot line, it will be likely to strengthen to resistance at 0.8764 or even to the next one at around 0.8800.

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