Jump to content

EURGBP: Time to Grow! Here is Why:


Recommended Posts

W3PM-p_cCJ1E4_etqGe8Fxw10T0nUv849dwlp9BBGIBzAdEfj43SHXtu17ZV4WUCstDKOFd-_TPP4A6n-DMXi_6d8ubUd2IQxqmw8XUq-JdJFxRTwemB9AiNhkxOQ98LsEdw1sTmsd7dKs0oRi56ajs

Hey fellow traders,

I wanted to share some insights on EURGBP that might pique your interest.

EURGBP has been quite the talk of the town lately, especially with its recent movements. For over a month, it seemed content trading within a large horizontal range on a daily basis, not giving traders much to chew on. But as they say, all good things must come to an end, and last week, EURGBP decided to break free from its shackles.

Yes, you heard it right! The price successfully busted above its resistance level, and that's not something to be taken lightly. This breakout suggests a significant show of strength from the bulls, indicating a potential shift in market sentiment.

Now, what's even more intriguing is the current state of affairs. The price is currently testing the previously broken structure, which often serves as a confirmation of the breakout. This retest phase is crucial and could provide traders with an excellent opportunity to jump on board the uptrend.

So, what's the forecast, you ask? Well, if things continue to play out as anticipated, we might just witness EURGBP continuing its ascent. Potential targets are set at 0.8602 and 0.8619, so keep a close eye on those levels.

Of course, as with any trading scenario, there are risks involved, and nothing is guaranteed. It's essential to keep a watchful eye on the market and adapt your strategies accordingly. But for now, the signs are pointing towards growth for EURGBP.

Exciting times ahead, wouldn't you say? Let's keep our fingers crossed and see where this journey takes us.

Happy trading!

  • Like 1
Link to comment
3 hours ago, Agarwal said:

EURGBP has been quite the talk of the town lately, especially with its recent movements. For over a month, it seemed content trading within a large horizontal range on a daily basis, not giving traders much to chew on. But as they say, all good things must come to an end, and last week, EURGBP decided to break free from its shackles.

Thanks for sharing @Agarwal

image.png

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • In the realm of cryptocurrency exchanges, playing by the rules isn’t just a suggestion—it’s a must for staying in the game. Most major centralized exchanges (CEXs) strive to adhere to these regulations, implementing measures to prevent money laundering and illicit activities. However, a recent controversy has emerged with BingX, a top CEX, defying US sanctions by allowing Iranian users full access to its platform. BingX facilitates Iranian Rial trading, directly violating US sanctions. They allow Iranian users to trade cryptocurrencies without KYC verification. This, along with offering peer-to-peer (P2P) transactions using Iranian fiat currency, further raises red flags. This incident is reminiscent of the past troubles faced by giants like Binance, who were caught facilitating transactions for sanctioned individuals, resulting in a $4.5 billion plea deal with US authorities in 2023. The question remains: will this defiance by BingX lead to its downfall? Regulatory bodies in the US, like the SEC or DOJ, might take action.However, the severity of the situation raises questions about the long-term viability of the exchange and whether it may face the prospect of closure or severe penalties for its actions. As governments grapple with the complexities of digital assets, CEXs that prioritize expansion over compliance will likely face increasing scrutiny and potential consequences.  
    • The exchange continues to offers it's  users significant opportunities through its ecosystem products like PoolX and Launchpool. By participating in these platforms, users can benefit from various services such as staking, liquidity mining, and accessing new project opportunities. PoolX enables users to stake their assets and earn rewards through flexible investment options. Launchpool provides users with the chance to participate in early-stage project offerings. Overall, engaging with Bitget ecosystem products can diversify investment portfolios and facilitate exposure to new and promising projects in the crypto space.
    • Are you new to the world of crypto and eager to get started? Today's crypto landscape offers unprecedented opportunities for newcomers, with many building impressive portfolios without any initial investment.  In 2024, the crypto world is buzzing with a continuous flow of airdrops and giveaway events. Recently, a friend I introduced to crypto boasted a $3k portfolio, all acquired without spending a penny. Since March, over seven projects have generously distributed airdrops, and upcoming listings like OEX, Notcoin, and BEYOND are adding to the excitement. Free money is waiting to be claimed once again. For those still unsure about diving into crypto, hesitation could mean missing out on a unique opportunity. But fear not, especially my fellow Africans! A well-known crypto exchange is offering new users the chance to claim a share of 10,000 BGB just for signing up. It's the perfect incentive to kickstart your crypto journey. Need guidance or want to seize more airdrop opportunities? Feel free to reach out – I'm here to help you navigate the crypto world.
×
×
  • Create New...
us