Bullish rise?EUR/GBP has reacted off the pivot and could rise to the 1st resistance.
Pivot: 0.8451
1st Support: 0.8402
1st Resistance: 0.8539
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Eur-gbp
Eurgbp Buy price is currently bullish on 4hr timeframe. its trading around the 4hr demand zone and there are also lower timeframe demands zones within the 4hr demand zone add stregnth to it. there are multiple pois above current pirce action which may fuel the buy bias. im wating for price to break a 5min supply zone thats near a 4hr poi in order to enter the trade.
PMI Divergence & ECB Rate Decision Looms:0.84 Key Level in PlayEURGBP 04/06 – PMI Divergence & ECB Rate Decision Looms: 0.84 Key Level in Play
EUR/GBP is hovering around the 0.8420 mark after mixed PMI releases from the Eurozone and Germany. Traders are cautiously awaiting the ECB’s interest rate decision this Thursday, while the Bank of England signals potential easing — but remains non-committal on timing.
🌍 MACRO OUTLOOK
Eurozone & German PMI:
Eurozone Composite PMI eased to 50.2, still above forecasts (49.5) but reflecting slowing momentum.
German Composite dropped to 48.5; Services fell further to 47.1 — signaling contraction risk in Europe’s largest economy.
ECB Dovish Expectations:
Core inflation fell to 1.9% YoY in May — below the 2% ECB target for the first time in eight months.
Markets are fully pricing in a 25bps rate cut this week.
BoE Shifts Cautiously Dovish:
Governor Andrew Bailey acknowledged that monetary easing is likely, but warned of "uncertainty ahead."
The MPC is split — some fear sticky inflation; others warn that rates staying too high too long may damage growth.
Market Sentiment:
EUR remains pressured by ECB dovish expectations.
GBP is also under pressure from weak UK macro indicators and global trade tensions.
📉 TECHNICAL OUTLOOK (H1 Chart)
Price is consolidating near the EMA200 (0.8409) — a crucial dynamic support.
A tight sideways range has formed; 0.8408 is a key horizontal level to watch for breakout/breakdown confirmation.
Break below 0.8408 could send price toward Fibo 1.618 at 0.8383 or psychological support at 0.8373.
If bulls defend 0.8408, we may see a bounce toward 0.8429 → 0.8449 resistance zone.
🔑 KEY TRADE ZONES
🟢 BUY ZONE: 0.8380 – 0.8373
SL: 0.8358
TP: 0.8400 → 0.8415 → 0.8429 → 0.8435
🔴 SELL ZONE: 0.8448 – 0.8450
SL: 0.8460
TP: 0.8435 → 0.8420 → 0.8408 → 0.8388
⚠️ TRADE STRATEGY
Watch the 0.8408 area closely. If price holds → short-term BUY scalp opportunities.
If it breaks strongly → consider SELL toward lower Fibo/structure levels at 0.838x.
Be cautious around ECB release — avoid trading during the spike. Wait for structure confirmation post-news.
📌 CONCLUSION
"EUR/GBP is entering a critical zone near 0.8400. With ECB and BoE both leaning dovish, expect increased volatility. Hold or break at this key level will likely define the next directional leg. Stay patient and let the market show its hand."
EURGBP Megaphone bottom. Strong buy opportunity.The EURGBP pair is trading within a Bullish Megaphone since the start of the year. For the past 2 weeks it has been ranging within the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line).
This is technically the bottom formation of the pattern on its new Higher Low, as the 1D RSI has been printing the same sequence as February's which priced the previous Higher Low.
We are expecting at least a Resistance 1 test at 0.87400.
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Bullish bounce?EUR/GBP is falling towards the pivot and could bounce to the 1st resistance, which has been identified as an overlap resistance.
Pivot: 0.8377
1st Support: 0.8326
1st Resistance: 0.8461
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Momentum builds in GBP/USD and NZD/USD following tariff delayThe U.S. dollar weakened sharply in recent sessions as President Trump's announcement that the proposed 50% tariffs on EU imports will now be delayed until July 9, giving markets temporary relief.
GBP/USD edged toward 1.3600, testing levels last seen three years ago. The RSI sits just under 60, suggesting there’s still room before overbought conditions are reached. Volume has been gradually increasing, potentially reinforcing the strength of the breakout.
Risk-on flows also lifted the Australian and New Zealand dollars. NZD/USD has broken above the Ichimoku cloud and rose 0.62% on the day. Price is well above the Tenkan-sen (blue) and Kijun-sen (red), indicating strong upward momentum. However, the pair is pulling back slightly after the sharp breakout, suggesting short-term consolidation.
Could the price bounce from here?EUR/GBP is falling towards the support level that lines up with the 127.2% Fibonacci extension and the 61.8% Fibonacci projection and could bounce from this level too ur take profit.
Entry: 0.8373
Why we like it:
There is an overlap support level that lines up with the 127.2% Fibonacci extension and the 61.8% Fibonacci projection.
Stop loss: 0.8322
Why we like it:
There is a pullback support level that is slightly above the 100% Fibonacci projection.
Take profit: 0.8444
Why we lik eit:
There is a pullback resistance level.
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EURGBP: Shifting to long term bearish.EURGBP is heavily bearish on its 1D technical outlook (RSI = 36.165, MACD = 0.000, ADX = 36.508), and most likely will close the day under its 1D MA50. At the moment it is crossing below the 2025 Channel Up and if it closes under it, we will have a validated trend shift to bearish long term. It will be similar to the August 2024 decline that made a new Low after a 1D MA50 rejection. We first aim for the S1 level (TP1 = 0.83500) and as long as it remains under the 1D MA50, resell on the bounce to the S1 level (TP2 = 0.82500).
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EUR/GBP Wedge Breakout (06.05.2025)The EUR/GBP Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Wedge Breakout Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position around Trendline Of The Pattern.
Target Levels:
1st Support – 0.8476
2nd Support – 0.8463
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Potential bearish drop?EUR/GBP has reacted off the pivot and could drop to the 1st support which acts as a pullback support.
Pivot: 0.8526
1st Support: 0.8447
1st Resistance: 0.8572
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bullish bounce?EUR/GBP is falling towards the pivot and could bounce to the 1st resistance.
Pivot: 0.8526
1st Support: 0.8447
1st Resistance: 0.8615
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Technical Analysis for FX,Indices and many More!(Week 17,21Apr)Hello fellow traders , my regular and new friends!
Which pairs or instruments should we keep a look out for?
For me I am looking at :
EURUSD GBPUSD potential break up
EurAud EurNzd could hold, favor EurAud to long
USDJPY triangle to break lower
EURCAD or NZDCAD to long/
EURGBP (h&s)
BTC range play
This coming week is packed with interest rate decision, how?What to do?
Do check out my recorded video for more insights!
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Bullish bounce?EUR/GBP is falling towards the pivot which has been identified as a pullback support and could bounce to the overlap resistance that aligns with the 61.8% Fibonacci retracement.
Pivot: 0.8574
1st Support: 0.8530
1st Resistance: 0.8656
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
EURGBP Potential downsidesHey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.86000 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.86000 support and resistance area.
Trade safe, Joe.
EURGBP SHORT FORECAST Q2 W16 D16 Y25EURGBP SHORT FORECAST Q2 W16 D16 Y25
Morning All,
A short forecast to begin a monday morning!
Weekly order block rejection to start the week.
Bullish pressure visible therefore as always, we await confluences prior making an assumption.
In addition, we accept another reason for the trade to play against us - the weekly wick high, there is always a chance this is filled prior the turn around in price action however, if a break of 15' structure is presented, that risk will be accepted.
Happy to get involved in either of the set ups illustrated- set up 2 is clearly the "risky" trade of the two BUT did we ever forget our role is to manage risk. Set up two however have an added confluence of Tokyo range to be filled, pulling price action short.
I trust the chart analysis is becoming self explanatory.
Let's see how EURGBP plays!
FRGNT X
Bullish continuation?EUR/GBP has bounced off the pivot which is a pullback support and could rise to the 128.2% Fibonacci resistance.
Pivot: 0.8608
1st Support: 0.8527
1st Resistance: 0.8767
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bullish rise?EUR/GBP has bounced off the pivot and could rise to the 1st resistance which lines up with the 50% Fibonacci retracement.
Pivot: 0.8524
1st Support: 0.8493
1st Resistance: 0.8589
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
EURGBP Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring EURGBP for selling opportunity around 0.85700 zone, EURGBP was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.85700 support and resistance area.
Trade safe, Joe.
EURGBP SELLTracking EUR/GBP on the 15-minute timeframe, we see a potential short opportunity from a key supply zone.
Key Zones & Setup:
🟣 Bearish Order Block (Supply Zone): 0.83800 - 0.83830
This area acted as strong resistance, where institutional traders likely positioned sell orders.
Expecting price to push into this zone before reversing lower.
Break of Structure (BOS) on lower timeframes (M5/M1) is needed for confirmation.
🔵 Target Area (Demand Zone): 0.83450
If the supply zone holds, price could drop toward this key demand level.
This zone aligns with previous BOS levels and price reactions.
Trade Plan:
📈 Waiting for price to push into the supply zone (0.83800 - 0.83830).
🔎 Looking for BOS on lower timeframes (M5/M1) before shorting.
✅ Entering a sell position upon confirmation.
🎯 Targeting the 0.83450 demand zone.
⚠️ Stop-loss above 0.83830 to manage risk.
Market Outlook:
If price fails to break structure, we avoid shorts and reassess.
This setup follows smart money concepts (SMC) with a focus on BOS and order blocks.
💬 What do you think? Are you seeing the same setup? 🚀🔥
Weekly Analysis for Week 13 2025!Hello fellow traders , my regular and new friends!
Did you managed to get some pips from EURUSD before the mid week reversal ?
Or did you catch some pips from EJ as well?
No? Missed out on it? No worries, check out my trading analysis for next week (week 13) to get some insights and tips for the potential moves in the Forex market!
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
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The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
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EUR/GBP LONG 4H
Hi, my name is Russo Andrea and I am a Forex Trader. Today I want to talk to you about a trading strategy that I am considering on EUR/GBP, a very interesting pair for those who, like me, operate in the currency markets.
The idea behind this trade is to go LONG on EUR/GBP. After analyzing the technical data and fundamentals, I believe that there is an interesting profit opportunity. Here are the details of my strategy:
Entry Point: 0.83781
Stop Loss (SL): 0.8550
Take Profit (TP): 0.84168
Trade Rationale: This trade is based on a combination of technical and fundamental analysis. Looking at the charts, we have a key support near the 0.83781 area, which represents an ideal level to open a long position. Technical indicators, such as RSI and moving averages, are showing signs of a possible bullish reversal.
On the other hand, my Stop Loss at 0.8550 was strategically placed to limit losses if the market moves against us, while still maintaining an acceptable risk for this trade. The Take Profit at 0.84168, on the other hand, represents a realistic level of profit based on previous resistances.
Risk Management: Risk management is essential in trading. It is important to always stick to your plan, without being influenced by emotions. With this trade, I am maintaining a balanced risk/reward ratio, increasing the probability of success in the long term.
EURGBP: Rectangle Top rejection. Sell opportunity.EURGBP is neutral on its 1D technical outlook (RSI = 52.272, MACD = 0.002, ADX = 25.202), going from an almost overbought RSI to neutral as it got rejected on the R1 Zone. That is the top of the 6 month Rectangle pattern, where the last rejection pulled the price all the way down to the S1 Zone. This time the presence of both the LH and HL trendlines makes us consider a slightly tighter trading range. The trade is short, TP = 0.82600.
See how our prior idea has worked out:
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Bearish reversal?EUR/GBP is rising towards the pivot and could reveres to the 1st support.
Pivot: 0.8401
1st Support: 0.8356
1st Resistance: 0.8444
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.