In this technical blog, we are going to take a look at the past performance of EURGBP 4-Hour Elliott wave Charts that we presented to our members. In which, the decline to 2/14/2024 low took place as...
Hello fellow traders. In this technical article we’re going to take a quick look at the Elliott Wave charts of EURGBP published in members area of the website. Our team recommended members to avoid buying , while...
EURGBP attempted to push higher but failed to overcome resistance at 0.8577, leading to a pullback. This analysis explores the technical situation and potential future scenarios for the currency pair. Uptrend Challenged: Is the Momentum Lost? Potential...
After briefly flirtating with resistance, EURGBP has fallen back into its downtrend. Let’s analyze the technical picture to understand what this means for the pair’s next move. Downtrend Reinforced by Breakdown Potential Downside Targets Resistance and a...
The EURGBP pair has ascended past the resistance mark of its falling price channel as visualized on the 4-hour chart. Its successful breach above the key resistance at 0.8567 suggests an end to the downward trajectory from...
A detailed examination of the EURGBP pair reveals its current position within a downward trend, along with key target and resistance levels ahead. Downtrend Context: Falling Price Channel The EURGBP pair continues to operate within a falling...
EURGBP has been on a steady downtrend, exhibiting extended downside activity from the 0.8714 mark. Extended Downside Movement and Continued Trend The EURGBP has extended its downside movement from the previous 0.8714 mark to reach lows of...
EURGBP has sustained its retreat from the previous 0.8714 level to a recent low at 0.8520. The downward momentum is anticipated to continue as long as the price remains anchored below the descending trend line visible on...
We’ve observed that the EURGBP is on a downward progression, having fallen from 0.8714 to reach a low of 0.8535. With current trends as they are, there’s a likelihood that we may see further decline in the...
In recent trading sessions, EURGBP has furthered its downward movement, plunging from 0.8714 to a new low at 0.8546 which notably breaks below the 0.8548 support level. Judging by the current trend, we could expect to see...
