EURGBP Broke Below Trend Line Support

by ForexCycle.com | September 15, 2017 9:36 am
EURGBP recently broke below the bullish trend line at 0.9050 on its daily chart. The subsequent fall had taken price to as low as 0.8866, indicating that the upside movement from 0.8313 had completed at 0.9306 already....

EURGBP Broke Below Channel Support

by ForexCycle.com | September 4, 2017 11:57 am
After touching the October 2016 high of 0.9305, EURGBP pulled back from 0.9306 and broke below the bottom support trend line of the price channel on its 4-hour chart, indicating that the upside movement from 0.8891 had...

EURGBP Is Facing 0.9305 Resistance

by ForexCycle.com | August 28, 2017 7:11 am
EURGBP formed a double bottom pattern on its daily chart, with neckline at 0.8851 and measured move target at around 0.9400. After breaking above the neckline resistance, the pair extended its bullish movement to as high as...

EURGBP Countertrend Setup (Aug 11, 2017)

by Kate Curtis | August 11, 2017 2:44 am
EURGBP is still trending higher as it tests the top of the ascending channel resistance visible on the 4-hour time frame. Stochastic is moving up to signal that there’s still some bullish pressure left but the oscillator...

EURGBP Channel Retracement (July 13, 2017)

by Kate Curtis | July 13, 2017 6:27 am
EURGBP is trending higher on its short-term time frames but it could have room for retracement to nearby support zones. Price is moving inside an ascending channel with support at the .8800 major psychological level. Applying the...

EURGBP Short-Term Channel (Jun 29, 2017)

by Kate Curtis | June 29, 2017 4:59 am
EURGBP continues to trend higher after breaking past a major range resistance visible on its longer-term charts. On the 1-hour time frame, it can be seen that the pair is moving inside an ascending channel formation and...

EURGBP Is Facing Neckline Resistance

by ForexCycle.com | June 26, 2017 4:05 am
EURGBP’s bullish movement from the April 18 low of 0.8313 extended to as high as 0.8866. After touching the resistance of the January 16 high of 0.8851, the pair pulled back and formed a sideways movement in...

EURGBP Range Breakout (June 13, 2017)

by Kate Curtis | June 13, 2017 3:31 am
EURGBP was previously trading inside a range with support around .8400 and resistance at .8800. Just recently, the pair broke past the resistance to signal that buyers are taking hold. Price closed back below the resistance in...

EURGBP: A Picture of Elliott Wave Precision

by ForexCycle.com | May 26, 2017 2:47 am
By Elliott Wave International Let’s assume financial markets are driven by news events. Negative news items cause prices to fall, while positive items fuel rallies. Easy enough, right? Not exactly. See, there are several problems with this...

EURGBP Might Be Forming Double Bottom Pattern

by ForexCycle.com | May 24, 2017 5:47 am
EURGBP might be forming a double bottom pattern on its daily chart. The first bottom is at the December 2016 low of 0.8304, and the second bottom is at the April 18 low of 0.8313. The neckline...