- Analiza
- Novosti i instrumenti
- Vesti sa tržišta
- EUR/GBP Price Analysis: Trapped market, but opportunities are ripening
EUR/GBP Price Analysis: Trapped market, but opportunities are ripening
- EUR/GBP is trapped from a 4-hour perspective.
- Bulls are on the lookout for a break of current weekly resistance for a deeper correction.
- Scalpers are monitoring the faster price action and near-term support for a possible 50% mean reversion opportunity.
The price of the cross has been correcting the weekly bearish impulse and traders are awaiting the next moves in the pair for an optimal entry. The following illustrates the weekly, 4-hour and 1-hour markets structure and potential trading opportunities on the horizon.
EUR/GBP weekly chart
The price of EUR/GBP has seen a strong correction as per the weekly chart and the neckline of the M-formation is compelling given the confluence with the 38.2% Fibonacci retracement level near to 0.85 the figure. However, the price still needs to surpass the current resistance as illustrated below:
The price is meeting the 23.6% Fibo that has a confluence with the prior summer and April lows near 0.8472.
Meanwhile, from a 4-hour perspective the market is trapped between support and resistance as follows:
EUR/GBP 4HR chart
Until the price can break either above 0.8490 or below 0.8420, there is little bias one way or the other and scalping on the lower timeframes are where the opportunities stay for now.
EUR/GBP 1HR chart
The 50% mean reversion target aligns well with the structure looking left from the current price. bears will likely look to engage once the current support is broken, looking for bearish structure and favourable momentum.
© 2000-2025. Sva prava zaštićena.
Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.
Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.
Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.
Банковни транcфери
