EURGBP: Uptrend Potential Amidst Diverging Monetary PoliciesThe Euro (EUR) has been gaining ground against the British Pound (GBP) in recent times, primarily driven by diverging monetary policy stances between the European Central Bank (ECB) and the Bank of England (BoE).
Market expectations point towards a more aggressive interest rate cutting cycle in the UK compared to the Eurozone. While both central banks have hinted at potential rate reductions to stimulate their economies, the BoE is anticipated to act more swiftly. Historically, interest rate cuts tend to weaken a currency. Coupled with the perceived resilience of the Eurozone economy relative to the UK, this dynamic has been supportive for EURGBP.
However, it's crucial to remember that currency markets are influenced by a multitude of factors. Economic growth, geopolitical tensions, and investor sentiment can significantly impact exchange rates. Therefore, while the current landscape favors the Euro, the situation remains fluid and subject to change.
From a technical perspective, short-term indicators suggest potential upward momentum for EURGBP. However, conflicting signals from longer-term indicators introduce caution. Traders should carefully consider this analysis in conjunction with other factors before making trading decisions.
Eurgbp!
EUR-GBP Resistance Ahead! Sell!
Hello,Traders!
EUR-GBP is going up now
But the pair is locally
Overbought so after it
Hits the horizontal resistance
Of 0.8500 from where we
Will be expecting a
Local bearish correction
Sell!
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EURGBP: Boe Rate Decision and Potential UpsidesHey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.84300 zone, EURGBP is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.84300 support and resistance area.
We would keep an eye on today's BoE rate decision as most banks expect a rate cut including Goldman Sachs and Bank Of America.
Trade safe, Joe.
EURGBP Under Pressure! SELL!
My dear subscribers,
My technical analysis for EURGBP is below:
The price is coiling around a solid key level - 0.8443
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 0.8423
My Stop Loss - 0.8458
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
EUR/GBP SHORT FROM RESISTANCE
Hello, Friends!
We are going short on the EUR/GBP with the target of 0.837 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band.However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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Bearish drop?EUR/GBP has reacted off the pivot and could potentially drop to the 1st support which is a pullback support.
Pivot: 0.84419
1st Support: 0.84164
1st Resistance: 0.84589
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 The Target Is DOWN! SELL!
My dear followers,
This is my opinion on the EURGBP next move:
The asset is approaching an important pivot point 0.8428
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 0.8418
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
EURGBP Set To Fall! SELL!
My dear subscribers,
My technical analysis for EURGBP is below:
The price is coiling around a solid key level - 0.8444
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 0.8419
My Stop Loss - 0.8462
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
———————————
WISH YOU ALL LUCK
EUR/GBP Forex Pair Analysis: Key Levels and Market Insights✨ Welcome to my channel. Here, we analyze a new crypto project or Forex pair every day.
📅 Let's dive into today's analysis, focusing on the EUR/GBP pair in the Forex market.
🗂 About the Pair:
EUR/GBP represents the exchange rate between the Euro and the British Pound. This pair is heavily influenced by economic policies, political events, and market sentiment in the Eurozone and the United Kingdom.
📅Weekly Timeframe
In this timeframe, EUR/GBP has experienced significant movements. Recently, it saw an upward trend reaching a peak, which was a critical supply zone. Following this, the price entered a correction phase with lower volume, suggesting the strength of the previous upward trend. Currently, EUR/GBP is at a support level of around 0.8383 after a correction phase.
📈 If EUR/GBP stabilizes above 0.8515, we can anticipate a bullish momentum potentially pushing the price towards the next resistance at 0.8759. Confirmation of a new upward trend will depend on candle stability above this level.
📉 Conversely, if EUR/GBP falls back into the range between 0.8383 and 0.8515, and stabilizes below 0.8383, it indicates a bearish trend continuation. The next critical support level would be around 0.8246.
📊 In both scenarios, volume analysis is crucial. A healthy trend should be supported by corresponding volume without any divergence.
📅Daily Timeframe
🔍 On the daily chart, EUR/GBP ranged around the 0.8497 level before initiating another downward wave. Currently, there is noticeable bearish momentum, and the price has found temporary support at 0.8437.
🧲 Given the current setup, a stabilization below 0.8437 could signal another bearish wave. On the flip side, if the price moves above 0.8497, it could indicate the start of a bullish trend, targeting higher resistance levels.
📅4-Hour Timeframe
📈 In the 4-hour timeframe, EUR/GBP has pulled back to the SMA99 and reached the resistance at 0.8497. Volume analysis shows a decrease, indicating potential exhaustion of the recent upward movement.
📉 For short positions, the key levels to watch are 0.8497 and 0.8531, where price reactions could provide better entry points. For long positions, critical levels are 0.8437 and 0.8388.
RSI Oscillator
💥 The RSI is currently ranging between 41.44 and 50.42 on different timeframes. Breaking these levels could provide confirmation for opening positions. However, always use these levels in conjunction with candle patterns and volume analysis to find the best entry and exit points.
📉 Given the current bearish signals in the daily and 4-hour timeframes, alongside the potential trend change in the weekly timeframe, I am inclined to open a short position. However, this is based on my trading strategy. Each trader should base their decisions on their strategies and risk management plans.
⚠️ Please note that this is not financial advice. I'm simply introducing this project to you, and remember always to do your own research.
🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
EURGBP Potential DownsidesHey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.84600 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.84600 support and resistance area.
Trade safe, Joe.
Bearish drop?EUUR/GBP is reacting off the pivot and could potentially reverse to the pullback support.
Pivot: 0.84419
1st Support: 0.84164
1st Resistance: 0.84589
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 H1 I Bearish reversal Based on the H1 chart analysis, we can see that the price is rising toward our sell entry at 0.8412, which is a pullback resistance and a 61.8% Fibonacci retracement.
Our take profit will be at 0.8401, a pullback support level.
The stop loss will be at 0.8426, an overlap resistance level, above 127.2% Fibo extension
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
EURGBP Is Approaching A Decent ResistanceHey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.84300 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.84300 support and resistance area.
Trade safe, Joe.
EURGBP Bank Money Heist Plan In Bearish SideMy Dear Robbers / Traders,
This is our master plan to Heist EURGBP bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Stop Loss : Recent Swing High using 2h timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
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EURGBP: Expecting Bearish Continuation! Here is Why:
Balance of buyers and sellers on the EURGBP pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the sellers, therefore is it only natural that we go short on the pair.
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EUR/GBP Rebound at 0.8400: A Promising Long SetupThe EUR/GBP currency pair has recently rebounded off the critical 0.8400 level, aligning perfectly with our identified demand zone. This confluence of technical and fundamental factors suggests a potential bullish scenario for the pair.
Firstly, the price action at the 0.8400 level has demonstrated a clear rejection, indicating strong buying interest in this area. This level has acted as a robust support, preventing further declines and suggesting that buyers are stepping in to defend this price point.
Moreover, an increase in Non-Commercial long positions provides further validation of this bullish sentiment. Non-Commercial traders, often considered as more informed and influential market participants, have shown a growing interest in buying at this level. This shift in positioning can signal a significant change in market sentiment, favoring a potential upward movement in the EUR/GBP pair.
Adding to this bullish outlook is the onset of seasonal trends. Historical patterns often repeat, and the start of a seasonal bullish phase could offer an additional layer of confidence in the potential for an upward move. Seasonality in currency pairs can be driven by various factors, including economic cycles, fiscal policies, and market psychology, which often leads to predictable price behaviors during certain times of the year.
Given these factors, a long setup in the EUR/GBP pair appears promising. Traders should consider the technical rejection at the 0.8400 level, the increase in Non-Commercial buying interest, and the supportive seasonal trends as strong indicators of a potential rally. Careful monitoring of price action and volume around this level, along with confirmation from other technical indicators, can provide the necessary confidence to execute a long trade.
In summary, the confluence of technical support at 0.8400, increased Non-Commercial buying, and favorable seasonality suggests a potential bullish move for EUR/GBP. This combination of factors offers a compelling case for traders to look for long opportunities in the pair, potentially capitalizing on a significant upward move in the near term.
✅ Please share your thoughts about EUR/GBP in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
EURGBP H4 | Bearish Drop Based on the H4 chart analysis, we can see that the price is currently at our sell area of 0.8434, an overlap resistance.
Our take profit will be at 0.8408, an overlap support.
The stop loss will be placed at 0.8458, which is an overlap resistance."
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Bearish reversal?EUR/GBP is rising towards the pivot which has been identified as a pullback resistance and could reverse to the 1st support which is an overlap support.
Pivot: 0.84346
1st Support: 0.84089
1st Resistance: 0.84570
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.
EG likely see more downside to come!
Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
More downside?To me seems likely.
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
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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 Risky Short! Sell!
Hello,Traders!
EUR-GBP is trading in a
Downtrend and was making
A local bullish correction
However, the pair will soon
Hit a local horizontal
Resistance level of 0.8440
From where we will be
Expecting a further
Move down
Sell!
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