Eur/gbp

EUR-GBP

Market Overview

EURGBP pair is ab H4 timeframe par ek strong bullish trend dikha raha hai. Price action ne higher highs aur higher lows form kiye hain, jo ke sustained upward momentum ko indicate karta hai.

Key Levels

• Immediate Support: 0.8518 - Ye level pehle strong support bana hai aur agar temporary pullback hota hai to yeh ek potential entry point ho sakta hai long positions ke liye.
• Strong Support: 0.8475 - Ye level deeper support zone ko represent karta hai aur bullish reversals ke liye ek significant level ho sakta hai.
• Immediate Resistance: 0.8565 - Ye level resistance ke tor par kaam kar raha hai, lekin current bullish momentum ke madde nazar, yeh jaldi break ho sakta hai.
• Strong Resistance: 0.8610 - Ye level pehle ka significant high hai aur strong resistance barrier ban sakta hai.

Indicators

• RSI (14): Ab 34.72 par hai, jo oversold territory mein hai, jo ke potential buying opportunities suggest karta hai. Lekin, strong bullish trend ke madde nazar, yeh ek false oversold signal bhi ho sakta hai.
• MACD (12,26,9): MACD line signal line ke upar cross kar rahi hai, aur histogram positive ho raha hai, jo ke bullish trend ko confirm karta hai. Yeh increasing bullish momentum ko indicate karta hai.

Order Blocks

• Potential Order Block: 0.8518 support level ek potential order block ho sakta hai long positions ke liye. Agar yeh level retest hota hai aur bullish reversal pattern dikhta hai, to yeh high-probability entry ho sakta hai.

Best Areas for Buying and Selling

• Buy: Agar price 0.8518 support level tak pull back karti hai aur bullish reversal ke signs dikhati hai, jaise bullish engulfing candle ya higher low, to yeh ek potential buy entry ho sakti hai.
• Sell: Selling opportunities limited hain due to strong bullish trend. Lekin, agar price 0.8565 resistance level par bearish engulfing pattern form karti hai, to yeh potential sell entry ho sakti hai, lekin yeh current bullish outlook ko invalidate karega.

Additional Considerations

EURGBP pair strong uptrend mein hai, aur traders ko long positions par focus karna chahiye with proper risk management. RSI par divergence ke signs aur MACD par potential bearish signals ko monitor karna zaroori hai. Saath hi, order block ko bhi potential trading opportunities ke liye dekhte rehna chahiye.

EUR-GBP

Market Overview

EURGBP pair is ab H4 timeframe par ek strong bullish trend dikha raha hai. Price action ne higher highs aur higher lows form kiye hain, jo ke sustained upward momentum ko indicate karta hai.

Key Levels

• Immediate Support: 0.8518 - Ye level pehle strong support bana hai aur agar temporary pullback hota hai to yeh ek potential entry point ho sakta hai long positions ke liye.
• Strong Support: 0.8475 - Ye level deeper support zone ko represent karta hai aur bullish reversals ke liye ek significant level ho sakta hai.
• Immediate Resistance: 0.8565 - Ye level resistance ke tor par kaam kar raha hai, lekin current bullish momentum ke madde nazar, yeh jaldi break ho sakta hai.
• Strong Resistance: 0.8610 - Ye level pehle ka significant high hai aur strong resistance barrier ban sakta hai.

Indicators

• RSI (14): Ab 34.72 par hai, jo oversold territory mein hai, jo ke potential buying opportunities suggest karta hai. Lekin, strong bullish trend ke madde nazar, yeh ek false oversold signal bhi ho sakta hai.
• MACD (12,26,9): MACD line signal line ke upar cross kar rahi hai, aur histogram positive ho raha hai, jo ke bullish trend ko confirm karta hai. Yeh increasing bullish momentum ko indicate karta hai.

Order Blocks

• Potential Order Block: 0.8518 support level ek potential order block ho sakta hai long positions ke liye. Agar yeh level retest hota hai aur bullish reversal pattern dikhta hai, to yeh high-probability entry ho sakta hai.

Best Areas for Buying and Selling

• Buy: Agar price 0.8518 support level tak pull back karti hai aur bullish reversal ke signs dikhati hai, jaise bullish engulfing candle ya higher low, to yeh ek potential buy entry ho sakti hai.
• Sell: Selling opportunities limited hain due to strong bullish trend. Lekin, agar price 0.8565 resistance level par bearish engulfing pattern form karti hai, to yeh potential sell entry ho sakti hai, lekin yeh current bullish outlook ko invalidate karega.

Additional Considerations

EURGBP pair strong uptrend mein hai, aur traders ko long positions par focus karna chahiye with proper risk management. RSI par divergence ke signs aur MACD par potential bearish signals ko monitor karna zaroori hai. Saath hi, order block ko bhi potential trading opportunities ke liye dekhte rehna chahiye.

Assalamu Alaikum Dosto!

EUR/GBP marginally lower as traders await key PMI data

EUR/GBP Thursday ko aane wale potentially market-moving PMI data se pehle thoda neeche ki taraf hai. Pair July se upar ki taraf ja raha hai jab monetary policy expectations Euro ke haq mein shift hui thi. Hala hi ke data dikhata hai ke Eurozone Current Account surplus aur Construction Output mein izafa hua hai, lekin UK government borrowing bhi barh gayi hai.

Wednesday ko, EUR/GBP thoda neeche, 0.8520s ke qareeb trade kar raha hai jab traders Purchasing Manager Indexes (PMI) – surveys jo ke major industry sectors mein activity ke levels ko gauge karte hain – ke key releases ka intezar kar rahe hain, jo ke Thursday ko Eurozone aur UK ke liye aane wale hain.

EUR/GBP ne July mein trend higher karna shuru kiya jab Euro (EUR) Pound Sterling (GBP) ke muqable mein appreciate kar gaya tha shifting monetary policy expectations ki wajah se.

Jab European Central Bank (ECB) ne data-driven approach apnayi Euro Area mein ab bhi high inflation ke bawajood, Bank of England (BoE) zyada open ho gayi interest rates cut karne ke idea ke liye jab UK mein inflation BoE ke 2.0% target level par neeche rahi. Yeh comparison graph mein dekha ja sakta hai.

UK mein consistently lower inflation yeh indicate karti hai ke BoE shayad ECB se zyada interest rates cut kare aage ja kar, aur kyun ke lower interest rates currency ke liye negative hoti hain is wajah se Pound Sterling (GBP) ke Euro ke muqable mein depreciation hui – jo ke EUR/GBP ke rise ka sabab bani.

EUR/GBP aur Recent Macroeconomic Data

Hala hi ke Eurozone data ne dikhaya ke Current Account surplus June 2024 mein €52.4 billion tak barh gaya hai jo ke pichle saal ke €32.4 billion se zyada hai. Yeh data Euro (EUR) ke liye overall positive hai kyun ke consistent Current Account surpluses ka matlab hota hai ke exports zyada hain imports ke muqable mein jo ke ek currency ke liye net demand barhata hai.

Iske ilawa, seasonally adjusted basis par, Eurozone mein Current Account surplus ne estimates ko beat kiya, aur June mein €50.5B surplus tak barh gaya jabke economists sirf €37.0B expect kar rahe the, jo ke May mein €37.6B tha, Eurostat ke mutabiq.

Eurozone se doosra data yeh reveal karta hai ke building work rise par hai, jahan Construction Output 1.0% YoY July mein badh gaya, jo ke June mein 2.4% decline kar raha tha aur 1.7% seasonally adjusted basis par badh gaya, June mein 0.9% decline ke baad.

Bundesbank ke German economy par monthly report mein, dauran optimistic outlook reveal kiya gaya jahan German economic output ke Q3 mein “slightly increase” hone ke chances hain.

UK data, dauran, ne July mein government borrowing mein expectations se zyada izafa dikhaya, jo ke overall UK ke fiscal position ke liye negative hai. Bohot kuch is baat par depend karta hai ke government data par kaise react karti hai lekin continued borrowing ek country ki currency ki value ko kam kar sakta hai.

Public Sector Net Borrowing UK mein (excluding public sector banks) July 2024 mein £3.1 billion tak chala gaya jo ke pichle saal ke usi month mein £1.3 billion tha, aur significantly market expectations £1.5 billion ko exceed kar gaya, Trading Economics ke mutabiq.

“July ke public finances figures ne fiscal position par recent run of bad news ko continue kiya, jahan public borrowing track par hai ke OBR ka 2024/25 ka forecast £87.2 billion tak exceed kar jaye £4.7 billion se. Agar yeh overshoot persist na bhi kare, hum expect karte hain ke Chancellor taxes ko barhaye aur Budget 30th October par borrowing mein izafa kare,” kehte hain Alex Kerr, UK economist Capital Economics mein.

Technical Analysis

EUR/GBP pair mix signals suggest karti hai, kuch bullish aur bearish dono. Relative Strength Index (RSI) iss waqt 53 par hai, jo ke slight upward trend buying pressure mein indicate kar raha hai. Lekin, Moving Average Convergence Divergence (MACD) ne ek fresh red bar print kiya hai, jo ke potential shift towards bearish momentum ko suggest karta hai. Volume patterns mixed rahe hain, recent sessions mein lower volume dikhai de raha hai compared to large spikes jo pehle iss month observe hue the.



EUR/GBP pair ne last few sessions mein 0.8500-0.8550 ke range mein consolidate kiya hai. Agar pair 0.8550 ke upar breakout karta hai to yeh ek potential bullish trend indicate kar sakta hai, jabke 0.8500 ke neeche break hone par further downward movement ke likelihood barh sakti hai. Key support levels jo dekhne layak hain unmein 0.8450 aur 0.8400 shamil hain, jabke resistance levels jo consider karne layak hain unmein 0.8580 aur 0.8600 shamil hain.

Ek bullish catalyst ho sakta hai ek crossover jo 20 aur 100-day Simple Moving Averages (SMA) ke darmiyan hone wala hai taqriban 0.8500 par. Yeh pehle to pair ko upwards propel kar sakta hai, saath hi mentioned psychological level ke ird gird support bhi build kar sakta hai.

EUR/GBP cross ne Tuesday ki subh Europe mein 0.8540 ke qareeb apna momentum kho diya. Yeh kamzori UK ke mixed labor market data ke baad dekhi gayi hai. Ab diqat German August ZEW survey per hai jo Tuesday ko baad mein expected hai.
Office for National Statistics (ONS) ke data ke mutabiq, UK ILO Unemployment Rate ne June tak ke teen mahinon mein 4.4% se gir ke 4.2% kiya, jo ke market ki 4.5% ki expectation se behtar hai. Dusri taraf, Claimant Count Change July mein 135K ka izafa dikha raha hai, jo June mein revised 32.3K tha, lekin yeh market consensus 14.5K se kafi ziada hai.

UK Wage inflation, jo Average Earnings excluding Bonus ke tor par naapta jata hai, June mein 5.4% 3M YoY pe barh gaya, jo May mein 5.7% tha aur yeh 4.6% ki estimation se behtar hai. Average Earnings including Bonuses bhi is period mein 4.5% tak barh gaye, jo May ke quarter mein 5.7% the. UK employment report ke foran baad Pound Sterling mein kuch khareedari dekhi gayi. EURGBP ne apni 9 din ki EMA 0.8539 ke level se neeche break kiya, jo short-term bearish trend ko suggest karta hai. 14-day RSI momentum indicator ab bhi bullish bias dikha raha hai. 14-day EMA 0.8520 ke level pe immediate support de sakta hai.

EUR/GBP apne recent gains ko wapas le raha hai aur Tuesday ko European hours mein 0.8530 ke qareeb trade kar raha hai. Daily chart analysis yeh batata hai ke EUR/GBP cross ne 9-day Exponential Moving Average (EMA) ko 0.8539 ke level pe neeche tor diya hai, jo ke short-term bearish trend ka ishara hai.

Lekin 14-day Relative Strength Index (RSI) momentum indicator ab bhi 50 level se upar hai, jo ke EUR/GBP cross ke liye bullish bias suggest karta hai. Agar yeh 50 level ke qareeb aa jaye, toh bullish momentum mein kamzori aa sakti hai.

Resistance ki baat karein toh EUR/GBP cross ko 0.8624 level par, jo 8 August ko 3-mahine ka high mark kiya tha, pehla rukawat mil sakti hai, aur phir 0.8644 level par jo 23 April ko 7-mahine ka high tha. Agar yeh level break ho jata hai, toh currency cross psychological level 0.8700 ke region ki taraf ja sakta hai.

Downside par, immediate support 14-day EMA 0.8520 level pe nazar aa raha hai, iske baad 50-day EMA 0.8487 level pe support test ho sakta hai. Agar yeh support bhi break ho gaya, toh bearish trend ka confirmation ho sakta hai, jo currency cross ko 0.8383 ke throwback support level tak le ja sakta hai.

EUR/GBP (Euro/British Pound Rate)

Pichle hafte ki trading period mein, EurGbp pair ka price aise halat mein trade kar raha tha jo bearish side ki taraf move kar raha tha, lekin is hafte mein ek upward journey dekhne ko mil rahi hai kyunke current position abhi bhi Monday ke shuruat ke price se uchi hai. Market asal mein seller ke zariye neeche ki taraf jaa sakti thi lekin sirf 0.8507 ke area tak hi chhui, uske baad price upar ki taraf chalti nazar aa rahi hai, aur abhi bhi kaafi strong buyer control hai jo price ko zyada neeche nahi jane de raha.

Agar hum current price journey ko monitor karein jo ke upar ki taraf hai, to lagta hai ke EurGbp market buyers ke influence ke saath chal raha hai aur 0.8576 ke price zone ko test karne ka potential hai kyunke technical analysis ke mutabiq price bullish trend continue kar sakti hai. Agar price is condition ko continue karti hai to ye bullish trend ka continuation ka basis ban sakta hai.

Buyer shayad buying encouragement provide karein taake candlestick upar jaye aur current Uptrend trend continue ho sake. Increase ka chance kaafi open hai kyunke current candlestick position Simple Moving Average 100 indicator ke upar chal rahi hai. Agar is hafte price barhti hai, to ye situation doosre traders ko BUY option choose karne mein madad kar sakti hai jaise ke recent weeks mein trend raha hai. Agar price 0.86000 ke area tak increase record karti hai, to bullish trend continue karegi aur price ko aur upar push karegi.

**Market Overview**

EURGBP ka jo jo jo jodi hai, wo daily timeframe par ek mazboot bullish trend dikhā rahi hai. Price action ne higher highs aur higher lows banāye hain, jo ek musalsal upward momentum ka izhaar karti hai.

**Key Levels**

- **Immediate Support:** 0.8536 - Ye level pehle bhi mazboot support ka kaam kar chuka hai aur agar price temporary pullback dekhti hai to yeh ek accha entry point ho sakta hai long positions ke liye.
- **Strong Support:** 0.8450 - Yeh ek gehra support zone hai aur yeh level potential bullish reversals ke liye dekha ja sakta hai.
- **Immediate Resistance:** 0.8690 - Ye level resistance ka kaam kar raha hai, lekin current bullish momentum ko dekhte hue, yeh jaldi break ho sakta hai.
- **Strong Resistance:** 0.8750 - Yeh level pehle ka ek significant high hai aur yeh ek strong resistance barrier ban sakta hai.

**Indicators**

- **RSI (14):** Filhal 55.71 par hai, jo ke neutral territory mein hai aur indecision ka izhaar karti hai. Lekin overall upward trend ko dekhte hue, agar RSI 50 se upar jata hai to aur bullish momentum ka indication mil sakta hai.
- **MACD (12,26,9):** MACD line signal line ke upar cross kar rahi hai aur histogram positive ho raha hai, jo ke bullish trend ko confirm karta hai. Yeh increasing bullish momentum ka izhaar hai.

**Order Blocks**

- **Potential Order Block:** 0.8536 - Ye level potential order block ke liye ho sakta hai agar price is level tak retrace karti hai aur bullish reversal dikhati hai. Lekin, current bullish momentum ko dekhte hue, yeh kam imkaan hai.
- **Potential Order Block:** 0.8690 - Ye level potential order block ke liye ho sakta hai agar price is level tak retrace karti hai aur bearish reversal dikhati hai. Lekin, overall bullish trend ko dekhte hue, yeh bhi kam imkaan hai.

**Best Areas for Buying and Selling**

- **Buy:** Agar price 0.8536 support level tak pull back karti hai aur bullish reversal ki signs dikhati hai, jaise ke bullish engulfing candle ya higher low, to buy entry ka socha ja sakta hai.
- **Sell:** Selling opportunities limited hain due to strong bullish trend. Lekin agar price 0.8690 resistance level par bearish engulfing pattern banati hai to potential sell entry ka socha ja sakta hai, lekin isse current bullish outlook invalidate ho jayega.

**Additional Considerations**

EURGBP pair ek strong uptrend mein hai, aur traders ko long positions par focus karna chahiye sahi risk management ke sath. RSI ko divergence ke liye aur MACD ko potential bearish signals ke liye monitor karna zaroori hai. Order blocks ko bhi potential trading opportunities ke liye dekhen.