Breaking News

EUR/GBP Violates Upward Channel – Sell Limit!

EUR/GBP Long-Term Trend: Choppy

Key Resistance Levels: 0.8635, 0.8657, 0.8669

Key Support Levels: 0.8602, 0.8589, 0.8568

Daily Chart:

The EUR/GBP cross is making a choppy movement around the 0.8600 level on the daily timeframe, holding below a vital resistance area of 0.8640. On the lower side, the pair is likely to target 0.8558 levels. There’s an upward trendline that’s likely to support the EUR/GBP pair around 0.8586 on a daily timeframe. However, the smaller timeframe seems to offer us a quick sell opportunity.

EUR/GBP Medium-Term Trend: Bearish

1-hour Chart:

Signal Idea:

On the hourly timeframe, the EUR/GBP has just violated an upward trendline around 0.8606 level and the same level may work as a strong resistance now. 200 periods MA is also holding up there to pressure the EUR/GBP. Check out a trade signal below.

Sell Limit Order @ 0.8615

TP 1 @ 0.8580

TP 2 @ 0.8566

Stop Loss @ 0.8650

Trade Safely 🙂

About Ali B.

Live Webinar Speaker & Derivatives (Forex, Commodities, and Indices) Analyst with the broad range of skills for evaluating financial data. Expert in investment trends, technical analysis, fundamental analysis, market sentiments, and trading psychology.


  1. Hi there,
    Great entry, usually these entries arrive late. The reason is just to show the analysis?

    • Hi Tiago,

      I’m not sure if I get your question right. But if you mean price reaches to entry-level late, yes that happens in case of pending orders. You can place pending orders until there’s a new trade on the same pair.

  2. Hello you giving out free tips I paid for tips and I can’t get any as yet can some1 check email for telegram

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