EUR/GBP: bears - bulls - 5:0

EUR/GBP: bears - bulls - 5:0

2019-11-11 • Updated

Recommendation:

SELL 0.8690

SL 0.8745

TP1 0.859 TP2 0.852 TP3 0.845

On the daily chart, EUR/GBP keeps forming 5-0 and “Spike and ledge” patterns. The pair got out of the medium-term channel (0.87-0.9015) and triggered the junior AB=CD pattern. Its 200% target is near 0.8520. A bit closer (0.8450) is the 200% target of the senior AB=CD.

EURGBP1.png  

On H1, EUR/GBP after a short consolidation in the 0.8690-0.8755 area bears returned the initiative to themselves and continued pulling the euro down towards 161.8% target of the “Crab”.  

EURGBP2.png

Similar

What to Trade on July 11-15?
What to Trade on July 11-15?

The US dollar gained more than 2.5% against other currencies ahead of the NFP statement on Friday. As a result, EURUSD plunged to the 20-year low at 1.0100.

Latest news

UK: No Longer a Leading Economy
UK: No Longer a Leading Economy

The current situation is terrible, and the future is worse for the United Kingdom. Will the British pound withstand the challenges that await the UK economy, or will it collapse?

Deposit with your local payment systems

Be on top of your game

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera