📊 EUR/GBP Daily Chart Analysis (28th Jan 2025)
🔹 Overview:
Pair: EUR/GBP
Current Price: 0.83855 📉 (-0.10%)
Key Indicators:
200 EMA (Red Line): 0.84129 (Price is below the EMA, indicating bearish sentiment)
Resistance Zone (🟠 Orange Box): ~0.84200 - 0.84400
Support Zone (🟢 Green Box): ~0.83200 - 0.83400
🔻 Bearish Outlook:
Price recently rejected the resistance zone and started declining.
It is now trading below the 200 EMA, suggesting potential further downside.
Next Target: The support zone (~0.83200 - 0.83400) is likely the next major level.
📉 Possible Scenarios:
1️⃣ Bearish Continuation ⬇️
If the price maintains momentum, it may head toward the support zone (~0.83200).
A break below support could trigger further downside.
2️⃣ Bullish Rebound 🔄
If the price finds strong buying interest at support, a rebound toward the resistance (~0.84200) is possible.
A breakout above 200 EMA could shift momentum back to bullish.
🎯 Trading Considerations:
Short Opportunity: Below 0.83800, targeting 0.83400.
Long Opportunity: If support holds around 0.83200, aiming for a move back to resistance.
Breakout Watch: A move above 0.84200 could trigger bullish momentum.
🔥 Conclusion: Currently, the trend is bearish, and price action suggests further downside toward the support zone. Keep an eye on price behavior around 0.83400 for potential reactions.
🔹 Overview:
Pair: EUR/GBP
Current Price: 0.83855 📉 (-0.10%)
Key Indicators:
200 EMA (Red Line): 0.84129 (Price is below the EMA, indicating bearish sentiment)
Resistance Zone (🟠 Orange Box): ~0.84200 - 0.84400
Support Zone (🟢 Green Box): ~0.83200 - 0.83400
🔻 Bearish Outlook:
Price recently rejected the resistance zone and started declining.
It is now trading below the 200 EMA, suggesting potential further downside.
Next Target: The support zone (~0.83200 - 0.83400) is likely the next major level.
📉 Possible Scenarios:
1️⃣ Bearish Continuation ⬇️
If the price maintains momentum, it may head toward the support zone (~0.83200).
A break below support could trigger further downside.
2️⃣ Bullish Rebound 🔄
If the price finds strong buying interest at support, a rebound toward the resistance (~0.84200) is possible.
A breakout above 200 EMA could shift momentum back to bullish.
🎯 Trading Considerations:
Short Opportunity: Below 0.83800, targeting 0.83400.
Long Opportunity: If support holds around 0.83200, aiming for a move back to resistance.
Breakout Watch: A move above 0.84200 could trigger bullish momentum.
🔥 Conclusion: Currently, the trend is bearish, and price action suggests further downside toward the support zone. Keep an eye on price behavior around 0.83400 for potential reactions.
Trade active
🚨 EUR/GBP Heading Towards Key Support! 🎯 🚨EUR/GBP has rejected the 0.84200 - 0.84400 resistance zone and is now showing bearish momentum 📉. With price trading below the 200 EMA, a drop towards the 0.83200 - 0.83400 support zone looks likely!
🔍 Key Levels to Watch:
🔸 Resistance: 0.84200 - 0.84400
🔹 Support Target: 0.83200 - 0.83400
📊 If the support holds, we could see a bounce, but a breakdown may open doors for further downside! Stay sharp! ⚡
💬 What’s your take on EUR/GBP? Drop your thoughts in the comments! 👇🔥 #EURGBP #Forex #TradingView
Trade closed: target reached
🚀 EUR/GBP Target Almost Hit – More Levels Ahead! 🎯 🚀
EUR/GBP is moving as expected, with our target approaching fast! 🔥 But the journey isn’t over yet—more key levels ahead for potential opportunities! 📈
🔍 What’s Next?
✅ First Target Almost Reached – Stay focused
✅ Next Levels in Sight – More room for movement
✅ Manage Your Trades – Secure profits & plan ahead
Stay sharp and trade smart! 💰 Let’s see how far this move goes! 📊 #EURGBP #Forex #TradingView
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JOIN MY TELEGRAM CHANNEL
t.me/StellarMarketAnalysis
JOIN MY RECOMMENTED BROKER REFFREL LINK
⤵️one.exnesstrack.net/a/uvd1etcgg1
PARTNER CODE⤵️
uvd1etcgg1
t.me/StellarMarketAnalysis
JOIN MY RECOMMENTED BROKER REFFREL LINK
⤵️one.exnesstrack.net/a/uvd1etcgg1
PARTNER CODE⤵️
uvd1etcgg1
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.