Forex Analysis for EUR/GBP

Relevance up to 06:00 2020-07-12 UTC+2 EUR/GBP is now at the cross-road. The corrective target at 0.8946 is being tested. It may protect the downside if our bullish count is correct. A break above minor resistance at 0.9010 and more importantly a break above resistance at 0.9068 is now needed to ....

10.07.2020USDCAD, “US Dollar vs Canadian Dollar”USDCAD is trading at 1.3623; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.3585 and then resume moving upwards to reach 1.3685. Ano...

Long-term review Minute operational scale (H4) How will the main currency instruments behave relative to each other from July 10, 2020 - options for the development of the movement of the currency pairs EUR/GBP & EUR/JPY & GBP/JPY in the H4 timeframe____________________ Euro vs Great Brita....

Relevance up to 03:00 2020-07-11 UTC+2 After making a Divergence between the price with the Stochastic Oscillator on the 4 Hour Chart, this pair now has got a potential movement for turning back upwards again to 0.9010 as the prime target and the 0.9028 as the second target as long as this pair do....

09.07.2020EURUSD, “Euro vs. US Dollar”As we can see in the H4 chart, the pair has started forming a new ascending channel. Right now, EURUSD is reversing after forming a Hammer pattern. Considering the current bullish dynamics, the price may finish the correction and then resume trading upwards to r...

Relevance up to 07:00 2020-07-09 UTC+2 EUR/GBP broke below short-term important support at 0.9000. It may dip to 0.8946 before the next rally to the short-term important resistance at 0.9068 which confirms renewed upside pressure. The break below short-term key support at 0.9000 indicates a temp....

07.07.2020EURUSD, “Euro vs US Dollar”EURGBP is trading at 1.1304; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s upside border at 1.1210 and then resume moving upwards to reach 1.1385. Another signa...

Relevance up to 07:00 2020-07-08 UTC+2 After a nice run to the 61.8% resistance target at 0.9183 we saw that EUR/GBP corrected a bit stronger than we had expected. However, EUR/GBP met strong trendline support near 0.9000, which is expected to protect the downside from renewed upside pressure thro....

06.07.2020EURUSD, “Euro vs. US Dollar”As we can see in the H4 chart, the pair is once again testing the descending channel’s upside border. By now, EURUSD hasn’t formed any reversal patterns. Considering the current bearish dynamics, the price may rebound from the resistance level towards 1.1195 and...

Long-term review Technical scale is minor, timeframe is daily Forex crosses EUR/GBP & GBP/JPY & EUR/JPY in mid-summer 2020 in terms of the daily timeframe. Scenarios of price moves starting from July 3, 2020 EUR vs GBP In July 2020, EUR/GBP, the main cross currency pair, is continuing....

Relevance up to 06:00 2020-07-04 UTC+2 (Disclaimer) *The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade. Performed by Arief Makmur, Analytical expertInstaForex Group © 2007-2020 Source: https://www.instaforex.com...

01.07.2020EURUSD, “Euro vs. US Dollar”As we can see in the H4 chart, the sideways tendency continues. By now, EURUSD has formed several reversal patterns not far from the support level. Considering the current bearish dynamics, the price may form a slight correction towards 1.1300 and then resume fa...

01.07.2020EURGBP, “Euro vs Great Britain Pound”EURGBP is trading at 0.9074; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.9065 and then resume moving upwards to reach 0.9225. Anot...

Does the pair still have the potential to the upside? GBP The British pound has been the worst performing major currency amid the coronavirus pandemic. The main reason is that investors have started to increasingly correlate it with risk. That’s why, fears of the second virus wave pushed it down. Th...

Relevance up to 08:00 2020-06-28 UTC+2 The minor sideways consilidation, we have seen over the last week is now coming to an end and we should soon see EUR/GBP break above minor resistance at 0.9085 for the next push higher to 0.9183 and ultimately higher to 0.9485 as a minimum is in wave iii. Sup....

26.06.2020EURUSD, “Euro vs. US Dollar”As we can see in the H4 chart, after forming a Shooting Star pattern near the resistance level, EURUSD is reversing. After a slight correction, the pair may continue falling. The downside target remains at 1.1155. At the same time, there is another scenario, whi...

Relevance up to 07:00 2020-06-25 UTC+2 It would be a lie to say that EUR/GBP is in a hurry to break higher. It still managed to make a new short-term higher for the rally since the 0.8864 low indicating more upside should be expected towards 0.9183 as the next hurdle. If our count is correct, then....

EUR/GBP continues trading within an uptrend. The pair has managed to break above 0.9000 (38.2% Fibonacci retracement of the March-April decline) which now acts as support. The recent high is not confirmed by the Awesome Oscillator on the D1, so the pair may retrace to the 0.9030/00 area. Never the l...

23.06.2020EURUSD, “Euro vs. US Dollar”As we can see in the H4 chart, after forming a Shooting Star pattern close to the resistance level, EURUSD is expected to start reversing. The downside target remains at 1.1155. At the same time, there is another scenario, which implies that the price may contin...

Relevance up to 06:00 2020-06-23 UTC+2 EUR/GBP has rallied as ex[ected and has cleared resistance at 0.9025 indicating much more upside pressure towards 0.9499 in the weeks ahead. Nevertheless, it will not be in a straight line and therefore, we must accept short-term corrections and in the short-....

Long-term review Minuette operational scale (H4)What will happen with the EUR/GBP, GBP/JPY, and EUR/JPY currency pairs in the H4 timeframe - options for the development of the movement from June 19, 2020.____________________Euro vs Great Britain poundStarting June 19, 2020, the development of the ....

18.06.2020EURUSD, “Euro vs. US Dollar”As we can see in the H4 chart, after completing the pullback close to the support level, EURUSD has formed a Doji pattern. Right now, the pair may start reversing. The downside target remains at 1.1155. At the same time, there is another scenario, which implies ...

Relevance up to 06:00 2020-06-19 UTC+2 EUR/GBP has not changed much in the last couple of weeks. However, we think that the sideways correction could be close to completion. A break above minor resistance at 0.8994 and more importantly a break above resistance at 0.9025 will confirm a strong impu....

Timeline June 12 The British authorities confirmed that December 2020 is the final deadline and cannot be extended. June 15 The UK PM spoke with the EU Commission President to mark the next steps of negotiations. June 29 – July 3 The EU and the UK chief Brexit negotiators meet in Brussels to (hopefu...

15.06.2020EURUSD, “Euro vs. US Dollar”As we can see in the H4 chart, after forming a Shooting Star pattern not far from the resistance level, EURUSD is reversing. The downside target remains at 1.1155. At the same time, there is another scenario, which implies that the price may continue trading upw...

Technically, the GBP hasn’t moved much from the zone it has been in since 2018. Against the USD, the British pound has been in a zig-zag-shaped larger trend for the last 1.5 years, capped by 1.3340 and supported by 1.2070. Currently, it is in the middle of that channel experiencing an increasing bea...

Long-term review Minuette operational scale (H4) The second half of June - options for the development of the movement for EUR/GBP, GBP/JPY, and EUR/JPY (H4) on June 12, 2020____________________ Euro vs Great Britain pound From June 12, 2020, the development of the movement of the "main" EUR/GBP c....

Relevance up to 07:00 2020-06-12 UTC+2 EUR/GBP needed another stab to test solid support at 0.8866. However, the following break above minor resistance at 0.8939 indicates that the correction in wave ii is complete and a new impulsive rally towards 0.9485 can be expected. Short-term, we should see....

10.06.2020EURUSD, “Euro vs. US Dollar”As we can see in the H4 chart, after rebounding from the resistance level and forming an Engulfing reversal pattern, EURUSD is reversing. The upside target remains at 1.1458. At the same time, there is another scenario, which implies that the price may fall and ...

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