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Eurgpbshort

EURGBP Discretionary Analysis: Dive Time, No Life Jacket NeededIt’s dive time, no life jacket needed, just that instinct telling me it’s going down. You know that feeling when you’re about to jump in, but you’ve got no backup? That’s the vibe here. I’m calling for a deep dive, and I’m riding it all the way. If I’m right, I’ll be making a splash with some profits. If not, I’ll just float back up and try again. Just my opinion, not financial advice.
Short
by davidavasalcai
45
EURGBP - Bearish BiasEURO - Strong Bearish 1️⃣ Pressed by the strength of the US dollar. 2️⃣ Concerns about the spread of COVID-19 variant Delta in the region. 3️⃣ Investors digest the dovish tone from the recent ECB meeting. 4️⃣ In August 2021, ZEW economic sentiment in the European Zone fell by 18.5 points to 48.7 from the previous month’s 61.20. GBP - Weak Bullish 1️⃣ The decline in infection cases and easing restrictions in the UK supports demand on the GBP. 2️⃣ The economy in Britain is expected to jump by 5.0% in the second quarter. 3️⃣ BOE policymakers raised inflation forecasts for 2021 and signaled that “moderate tightening” may be needed if the economy continues to improve. ===== Technical ===== We are selling the EURGBP below SBR levels.
Short
by MonsunAsia
EURGBP 4HSummary: EURGBP has been trading in a downward channel since the end of April The pair has had two false resistance breaks at 0.8635 Recommendation: Trade: Short EURGBP for market Take profit: 0,8560 Stop loss: 0.8680 Justification: The British pound has recently started to outperform the euro. EURGBP has been trading in a steady downtrend since the end of April. The pair tried to correct, however, two attempts to break the 0.8635 price zone failed. The area is important not only because of the previous price reactions, but it is also the lower limit of the Overbalance structure. Thus, we see a good chance for a resumption of the decline with a target at the level of the recent lows. We place the stop loss at 0.8680. Source: xStation5
Short
by PipFor