EUR/GBP Forex Analysis and Forex Signal

EUR/GBP has reached a high resistance level on the D1 timeframe. We have an opportune entry for the short side with minimal risk.

What others are predicting

We see multiple different traders’ analysis predicting:

EURGBP Short with Price action 0.9050 is very strong suppply zone and today a bearish candle break yesterday’s low, which indicate the future bearish trend i.e we can sell EURGBP and catch a mid term swing trade aim 0.8850 AND 0.8680
Bat within 3-5 price bars expecting REVERSAL with RSI below 70 POTENTIAL SELL
Be patient but I think we’re in for a ride with this one.

Here are my thoughts!

Price has reached a major resistance level.

We may see some consolidation at the WK1 Res C Level.

Other traders are also predicting a short position

Our target range for the long position is: 0.89162 – 0.88000 – 0.867625

Cheers to another successful week!

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