Forex EUR GBP analysis 2019

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EURGBP Forex cross pair sell opportunity is playing out in a clear weekly and daily downtrend creating new supply zones on the way down. Weekly supply zone around 0.897 is in control, price dropping very fast once that imbalance was reached a few weeks ago. This short trade was mentioned a few days ago in a an updated EURGBP supply and demand analysis HERE

EURGBP supply and demand technical analysis

We can’t and should not go long when a bigger timeframe supply level has gained control. As mentioned in previous analyses and video analyses (updated more frequently in the trading community), we had a short bias on EURGBP forex cross pair, looking to go short at new daily supply zones. Last two daily supply zones have had a strong imbalance created and playing out for now quite nicely.

There is a clear downtrend, no longs are allowed on EURGBP, only shorts with the bigger picture downtrend on this Forex cross pair. We don’t need any indicators in order to plan a trade, just pure supply and demand imbalances.

Watch this forex pair EUR GBP video analysis

Alfonso Moreno
Alfonso Moreno
Full time trader, expert technical analyst and founder of Set and Forget supply and demand online trading community. Traveler, photographer and adventurer.


  1. Suresh says:

    Thank you Alfonso.I am Planning to join This First of April.

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