EURGBP

[Mike Shor]

I'm watching but keeping off @ mo.

 

[Leebax]

EURGBP - First time revisiting it this week, since the first call a couple of weeks ago we have dropped over 200 pips on this pair. More importantly price has now broke below the weekly support level, making the way for a drop lower. BUT we have the GBP elections on the 12th so we have to be careful with this pair, currently its looking bearish. i will be looking to short on a retest of the broken support level. But with tight stops and good risk management as the elections could change the bias in an instant

 

[DT77]

Wow, did anyone trade the election result?

 

[pezza55]

big moves last week time for market to settle this week before i look at it again

 

[DT77]

There will be further falls this week I think as Boris gets Brexit done....

 

[Leebax]

EURGBP look back today. After all the big drops we got over the past month or two. We then get a push back up with the brexit news. But it soon continued ion the bearish bias. For me it still looks like a sell, we have accumulated below the support level and i dont think its long until we see another push south. Good chance for a high R:R here so no need for greed. as always Risk management lets have a good year

 

[pezza55]

EURGBP seems to keep managing to fall although i expect some strong support here soon, the purple zone is a weekly demand zone so wether it pushes through first time or bounces back up around here to collect some more supply for another push through only time will tell. With the Deustche bank being in a bad spot you would think the EUR should be in a bad palce. One to watchView attachment 14808

Trading this pair seems difficult right now with all the news and brexit makes massive moves in ways that are hard to predict.

 

[walpants]

Trading this pair seems difficult right now with all the news and brexit makes massive moves in ways that are hard to predict.

agree with you there, im still very tentative with gbp pairs

 

[K_Robdog]

Looking forward to some updates on this pair Lee. Are we still bearish?

 

[Hong Kong Phooey]

Strong News for EUR lately, better than expected. I'm just buying EUR at the mo

 

[James_Burt]

I’m not trading this pair at the moment, will keep an eye on it though for any opportunities that may arise.

 

[REB_FX]

This pair is like my trading nemesis lol

Maybe when the Brexit saga is over we can make friends again!

 

[pezza55]

This pair is like my trading nemesis lol

Maybe when the Brexit saga is over we can make friends again!

I think its best not to be friends until this brexit is over also

 

[pezza55]

EURGBP look back today. After all the big drops we got over the past month or two. We then get a push back up with the brexit news. But it soon continued ion the bearish bias. For me it still looks like a sell, we have accumulated below the support level and i dont think its long until we see another push south. Good chance for a high R:R here so no need for greed. as always Risk management lets have a good year
View attachment 15051

Still no signs of it moving at the moment

 

[DT77]

Might start trading this pair again now the Brexit storm has settled down a bit

 

[K_Robdog]

Looks like the price is still ranging, but with a little bit of bull action yesterday.... We are approaching your resistance level of 0.86895, where we may get that nice sell opportunity. Still eyeballing this one

 

[REB_FX]

I think its best not to be friends until this brexit is over also

Exactly, plenty of other friends out there

 

[Leebax]

Looking back at EURGBP today. After all the fiasco of the general election we have settled in the range.
But we have the brexit deadline end of january so i think that is when we will see the next course of big movement for this pair.

Looks like were currently getting squeezed into a trignal, so i would wait for a breakout in either direction. Waiting for a retest would be ideal conditions, but sometimes we dont get them, so being alert of whats going on fundamentally is needed to catch the move.

Have a good weekend everyone, im on holiday next week so wont be around to provide analysis as i usually do. Remember patience pays

 

[James_Burt]

Not trading this pair at the moment, will check back in on it though.

 

[DT77]

I don't see Brexit Day (31st) causing too much market volatility. Everyone knows that it's going to happen after all......