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EUR/GBP: Assessing Lagarde's Rate Cut RemarksHey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.85700 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.85700 support and resistance area. Recent remarks from ECB President Lagarde indicating the likelihood of rate cuts have injected uncertainty into the EUR/GBP pair. The prospect of monetary policy easing in the Eurozone tends to exert downward pressure on the Euro against the British Pound. Investors interpret such signals as indicative of economic weakness or the need for stimulus measures, which can dampen the appeal of the Euro relative to the Pound. Therefore, Lagarde's commentary on potential rate cuts may contribute to further downside pressure on EUR/GBP as traders factor in the possibility of looser monetary policy in the Eurozone compared to the UK. Trade safe, Joe.
Short
by JoeChampion
EURGBP H4 | Rising into pullback resistanceEUR/GBP is rising towards a pullback resistance and could potentially reverse off this level to drop towards our take-profit target. Entry: 0.85688 Why we like it: There is a pullback resistance level Stop Loss: 0.85916 Why we like it: There is a pullback resistance that aligns above the 38.2% Fibonacci retracement level Take Profit: 0.85204 Why we like it: There is a pullback support that aligns close to the 61.8% Fibonacci retracement level Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
⚡️Strifor || EURUSD-20/02/2024Preferred direction: BUY Comment: The buyer continues to take the initiative on the euro . At the end of the previous trading week, an excellent base was formed in the market to continue moving long; in addition, the entry point for a short-term trade is currently one of the strongest. We are considering growth towards the level of 1.08500 , and can also be considered towards the level of 1.09000. The main growth for the currency pair is expected in the first half of the week. Thank you for like and share your views!
Long
by Strifor
1
⚡️Strifor || AUDUSD-16/02/2024Preferred direction: BUY Comment: We continue to hold a confident long position on the Australian currency. Here we patiently wait for the price to approach the level of 0.66000 , near which our target is located. Moreover, looking at the bigger picture, it is safe to assume that buyers will maximize their push to the top. To rise above 0.66000 , some pause in the balance format (as it is supposed) will most likely be necessary. Regarding the shorter-term target at the level of 0.66000 , there is a high probability that this level will be blocked even today. Thank you for like and share your views!
Long
by Strifor
1
EURGBP Under Pressure! SELL! My dear friends, EURGBP looks like it will make a good move, and here are the details: The market is trading on 0.8563 pivot level. Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 0.8540 Recommended Stop Loss - 0.8575 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
2
⚡️Strifor || GOLD-15/02/2024Preferred direction: BUY Comment: Despite the fact that metals are considered from the point of view of long-positions, growth here will, in any case, be more difficult than for the same major currency pairs. The market is currently oversaturated with buy-players, but there is no result, which indicates a possible limit seller. Here, more than anywhere else, you most likely need to wait for a slight update of the lows before growth. Therefore, for some time, we will most likely trade at the support of 1981.683 . After which one can begin to look closely at growth, surely, do not forget about a potential update of the current lows, which for gold may happen with a high degree of probability. Thank you for like and share your views!
OANDA:XAUUSDLong
by Strifor
3
Potential weakness for EURGBPHello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Could see price heading down, but do now 0.8500-10 is a key zone on the daily for EURGBP. Do check out my stream video for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
Short
by Shadowing_The_Big_Boys
⚡️Strifor || GBPUSD-16/02/2024Preferred direction: BUY Comment: It’s strange that we don’t yet see such strong bullish sentiment for the pound . However, the prospects is still the same and the nearest growth target is located at the level of 1.26810 . The medium-term prospects also look positive for the buyer so far. After overcoming this level, one can count on growth to 1.28000 , where more serious medium-term resistance is already located. The first attempt to break through this resistance will most likely be unsuccessful, but sooner or later it will be broken. Based on this, we can expect more global growth towards the level of 1.29000 . Thank you for like and share your views!
Long
by Strifor
3
⚡️Strifor || EURUSD-16/02/2024Preferred direction: BUY Comment: The target of the previous long trading idea is fixed, but nevertheless, we continue to adhere to the buy-priority. Medium-term prospects continue to develop in favor of the buyer, this was especially confirmed by the middle of the week, when the limit buyer demonstrated itself. In addition, the euro was supported by more negative data on US retail sales. Today is also a busy trading day for economic events, and to a greater extent, we are talking here about the American session. As was said, this trade idea is of a medium-term mood, and the target of 1.09000 was taken within at least 1 trading week. Thank you for like and share your views!
Long
by Strifor
1
Market Analysis: EUR/GBP Gains StrengthMarket Analysis: EUR/GBP Gains Strength EUR/GBP is gaining pace and might extend its rally above the 0.8570 zone. Important Takeaways for EUR/GBP Analysis Today EUR/GBP started a fresh increase above the 0.8535 resistance zone. There is a major bullish trend line forming with support near 0.8550 on the hourly chart at FXOpen. EUR/GBP Technical Analysis On the hourly chart of EUR/GBP at FXOpen, the pair started a fresh increase from the 0.8500 zone. The Euro traded above the 0.8530 level to move into a positive zone against the British Pound. The EUR/GBP chart suggests that the pair settled above the 50-hour simple moving average and 0.8535. It traded as high as 0.8570 before there was a downside correction. There was a move below the 23.6% Fib retracement level of the upward move from the 0.8498 swing low to the 0.8570 high. Immediate support sits near a major bullish trend line at 0.8550. The next major support is near the 50% Fib retracement level of the upward move from the 0.8498 swing low to the 0.8570 high at 0.8535. A downside break below the 0.8535 support might call for more downsides. In the stated case, the pair could drop toward the 0.8515 support level. Any more losses might send the pair toward the 0.8500 level in the near term. Immediate resistance is near 0.8555. The next major resistance for the bulls is near the 0.8570 zone. A close above the 0.8570 level might accelerate gains. In the stated case, the bulls may perhaps aim for a test of 0.8620. Any more gains might send the pair toward the 0.8700 level in the coming days. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
1
⚡️Strifor || EURUSD-15/02/2024Preferred direction: BUY Comment: US CPI data strengthened the position of the US dollar , but nevertheless, the momentary collapse is quite significant intraday, and in the medium term, this downward impulse is not so terrible. As before, the medium-term vision remains in favor of the buyer, and a reversal can occur at any time. After the collapse to the level of 1.07000 , the market began to become saturated with BID-orders, which should have led to a price recovery, but this did not happen, which hints at the presence of a limit seller. In the short term, we highlight two scenarios. The differences between scenarios 1 and 2 lie in the depth of the likely false downward movement. This may be because there is a buyer who was unable to go higher; against this background, the limit seller can update the current minimums, and then begin to grow. Thank you for like and share your views!
Long
by Strifor
1
EURGBP Expected Growth! BUY! My dear friends, Please, find my technical outlook for EURGBP below: The instrument tests an important psychological level 0.8514 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 0.8535 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1