"Watch This Level: EUR/GBP Bounce Incoming?"

15 Apr

📊 EUR/GBP Technical Analysis

🔍 Market Structure & Key Zones
- Price Action is currently trading near 0.85970, approaching a strong demand zone around 0.85941.
- The market recently respected the RBS level (Resistance Becomes Support), indicating potential bullish continuation.
- Support Area at 0.85289 remains a critical zone for deeper pullbacks.

📈 Bullish Outlook
- A bullish reaction from the demand zone could drive price toward the target area at 0.86616.
- If momentum sustains, buyers may push toward the resistance area near 0.87268.

📉 Bearish Scenario
- Failure to hold the demand zone could see price retesting the support area at 0.85289, invalidating the bullish setup.

💡 Summary

EUR/GBP is testing a key demand zone with bullish structure intact. A bounce here may offer a solid long opportunity targeting the 0.86616 – 0.87268 zone.

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16 Apr

Dagangan aktif

From support area 0.85300

17 Apr

Nota

Trade running 100 pips+ from support area