EURGBP’s Downside Drive: A Deeper Dive

by ForexCycle.com | January 24, 2024 12:37 am
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...

EURGBP Extends Downward Swing: Key Levels to Watch

by ForexCycle.com | January 19, 2024 10:56 am
Our focus in today’s Forex update is EURGBP, which has stretched its downside trend from 0.8714 to as far as 0.8554. In the current scenery, immediate resistance lies at 0.8590. As long as this mark serves as...

EURGBP Caught in a Sideways Shuffle: Where to Next?

by ForexCycle.com | January 15, 2024 1:25 am
The EURGBP has charted a sideways move over the past few days, framed by a trading range from 0.8586 to 0.8620. Until the 0.8620 resistance cap is breached, this horizontal drift can be interpreted as a consolidation...

EURGBP Extends Downside Move, Potential Targets

by ForexCycle.com | January 9, 2024 2:53 am
EURGBP has continued its downside move from 0.8714 and reached as low as 0.8586. As long as the price remains below the 0.8620 resistance level, the downside move could be expected to continue. The next potential target...

EURGBP in Downtrend, Downside Move Continues

by ForexCycle.com | January 8, 2024 2:26 am
EURGBP has been in a downtrend, starting from 0.8714, and the downside move has extended to as low as 0.8600. This indicates the prevailing bearish momentum in the pair. Immediate resistance is identified at 0.8639. As long...

EURGBP Sell Setup From Blue Box Works As Expected

by elliottwave-forecast.com | July 3, 2023 6:25 pm
In our service, we provide members trade setup in Live Trading Room. However, our setup is based on certain conditions. To trade, we need these conditions: In the charts below, we show how we gave a call...

EURGBP Should Resume Bearish Trend Soon

by elliottwave-forecast.com | April 26, 2021 3:38 pm
Since earlier this year, EURGBP  has been trending lower due to the risk of Brexit off the table and optimism of UK’s vaccination program. We forecasted the move lower in EURGBP in our article on January 19...