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EURGBP

EUR/GBP potential bearish reversal?Price is rising towards a resistance level which is a pullback resistance that aligns with the 23.6% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.85856 Why we like it: There is a pullback resistance level which aligns with the 23.6% Fibonacci retracement. Stop loss: 0.85999 Why we like it: There is a pullback resistance level. Take profit: 0.85516 Why we like it: There is a pullback support which aligns with the 78.6% Fibonacci retracement. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Short
by VantageMarkets
EURGBP Massive Short! SELL! My dear subscribers, EURGBP looks like it will make a good move, and here are the details: The market is trading on 0.8600 pivot level. Bias - Bearish My Stop Loss - 0.8615 Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 0.8576 About Used Indicators: The average true range ATR plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
EURGBP Will Grow! Buy! Take a look at our analysis for EURGBP. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 0.858. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.860 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
Strifor || EURUSD-Week StartingPreferred direction: BUY Comment: After a busy weekend, the market is coming to its senses. There was no downward gap in the euro due to the worsening geopolitical situation in the Middle East. Short-term bearish sentiment remains, but a potential recovery can be expected within this week. Growth is expected towards the level of 1.08000 . Two scenarios are considered, and the main one assumes growth after a slight update of the current local minimum (Scenario №1) . A more aggressive seller scenario (Scenario №2) involves buying around the level of 1.05500. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Long
by Strifor
1
EURGBP increased at the beginning of the week but has reversedEURGBP rallied earlier in the week but reversed its course on Thursday after failing to clear trendline resistance at 0.8570, with prices dropping towards the 50-day simple moving average at 0.8550. The pair is likely to stabilize around current levels before mounting a comeback, but in the event of a breakdown, a dip towards 0.8520 and potentially 0.8500 could be around the corner. Alternatively, if bulls manage to reassert dominance and push the exchange rate higher, resistance emerges at 0.8570 as mentioned before. Breaking through this technical obstacle could set the stage for a surge toward the 200-day simple moving average near the 0.8600 handle.
by Xayah_trading
British Pound can turn around and try to break resistance levelHello traders, I want share with you my opinion about British Pound. By observing the chart, we can see that the price a not long time ago started to decline inside the downward channel, where it first rebounded from the support line and rose to the channel's resistance line. But after this, EURGBP bounced from this line too and continued to decline in the channel to the buyer zone, which coincided with the support level and then price some time traded in this area. Later the price rebounded up, exiting from the downward channel, but after this it made a downward movement, breaking the 0.8540 level again. Soon, GBP turned around and started to rise inside from an upward pennant, where it broke the support level one more time, making a fake breakout. After this, the price made a correction to the support line of the pennant and then made an impulse up to the resistance line, thereby breaking the 0.8615 level, which coincided with the seller zone. But a not long time ago British Pound turned around and in a short time declined below the resistance level and now it continues to decline. In my mind, EURGBP can fall to the support line, after which the price will turn around and rebound up to the resistance line of the pennant, breaking the resistance level. So, that's why I set my target at the 0.8635 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
EUR/GBP SELL STOP at .8620Yesterday I SHORTED this pair from just below the WR1 pivot. There was French and German Flash Manufacturing & Service PMI this morning so I banked the profit and waited to see what the print was. All releases came out in green numbers and inevitably this gave a boost to the EUR. Key now was the realease of the same data out of the UK. This too came out in green numbers for Services amd red for manufacturing (mirroring the French and German print). Before all this data EUR/GBP was drifting lower and I expect this direction south to continue. However. The price has been stuck at 25 EMA which has so far supported the price and prevented EUR/GBP BEARS from driving the price south. We need to see this EMA broken so in anticiaption of this, I've set a SELL STOP at .8620 which is 6 pips under the currenct price. ON the H1 time frame RSI is declining as is MACD. The red SELL line of the Andean Oscillator is rising and the green BUY line has crossed the signal line. All these are BEARISH signals so its likely we may see the price decline. There's Manufacturing and Services news out in the US at 14:45 but its uncertain how this will affect the market. If the trade is triggered then place stops above the 25 EMA and look at the WPP pivot at .8583 as potential target though momentum will (as ever) determine stops and take profit.
Short
by forextraplaces
SHORT EUR/JPY from .8642Since the middle of last week we have seen all GB P pairs selling off. GBP/JPY was a gift of a week last week for traders as price repeatedly hit areas of resistance only for GBP/JPY BEARS to push the price south. Every trading day last week the price of GBP/JPY hit the WR1 pivot and retreated and the WR1 and WS1 pivots are key to my trading as you can plot these at the start of week and plan for when/if the price hits. In the last few hours we can see GBP is rising. WS1 has been hit across several GBP pairs and its clear that there is some BULLISH momentum around. Obviously, if GBP is rising then EUR/GBP will fall. The price has just failed to reach WR1 and its not impossible EUR/GBP BULLS may try to take the price to this level but its also possible that EUR/GBP BEARS will jump on this pair and drive the price south. RSI was as high as 88 a couple of candles ago but now is reading 73. MACD on the lower timeframes is signalling SHORT and the Andean Oscillator sees the red SELL line reading over zero having been flat. The path of least resistance is south and the BULLS have it all to do to push back into overbought to move the price higher. STOP for this is a hard stop at .8650 (8 pips) and the target initially is .8583 which is WPP mid pivot though the I'll close the trade if there are signs of any BULLISH recovery.
Short
by forextraplaces
EUR/GBP H4 | Rising to 61.8% pullback supportAccount FP - #1080732 EUR/GBP is rising towards a pullback support and could potentially bounce off this level to fall lower. Sell entry is at 0.85638 which is a pullback support that aligns with the 61.8% Fibonacci retracement level. Stop loss is at 0.85737 which is a level that aligns with the 78.6% Fibonacci retracement level. Take profit 1 is at 0.85498 which is a pullback resistance that aligns close to the 38.2% Fibonacci retracement level. Risk/Reward Ratio: 1 : 1.41 Take profit 2 is at 0.85412 which is a pullback resistance that aligns close to the 23.6% Fibonacci retracement level. Risk/Reward Ratio: 1 : 2.28 Total risk 1.3% 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.
Short
by Alvard
1
EURGBP Broke out and important resistanceAttention Traders, In anticipation of tomorrow's trading session, our focus is on EURGBP, where we're closely monitoring a potential buying opportunity around the 0.86000 zone. EURGBP has recently broken out from a significant resistance level at 0.86000, signaling a bullish shift in momentum. Currently, the pair is undergoing a correction phase, retracing towards this breakout level. As we navigate the markets, it's essential to remain vigilant and capitalize on emerging opportunities. With EURGBP displaying a breakout above 0.86000, we're keenly observing for favorable entry points to capitalize on the bullish momentum in the pair. Trade wisely, Joe
Long
by JoeChampion
Strifor || GOLD-Week StartingPreferred direction: BUY Comment: Gold has not yet recorded a new high against the backdrop of aggravation in the Middle East, and here we adhere to our previous trading idea of going short with a target at the level of 2300 . It is at this level that we expect the downward correction to stop and the upward movement to resume towards the current high. The most likely scenario №1 says about a preliminary fall before an increase to 2400 , a level that is just below the fresh high. Scenario №2 assumes a deeper fall to the level of 2250 and a subsequent recovery of the same instrument to the indicated target of 2400 . Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
OANDA:XAUUSDLong
by Strifor
1
Strifor || GBPUSD-Week StartingPreferred direction: BUY Comment: The British currency is also looking more for a buy this week, despite the escalation in the Middle East. It was against this backdrop that the American currency strengthened its position, since it is the US dollar that buys the safest asset today, namely US bonds . We identified the most likely scenario as growth from the current prices (scenario №1) , and the update of the current local minimum already corresponds to scenario №2 . For now, we have the growth target at the level of 1.25346. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Long
by Strifor
1
EURGBP Is Going Down! Sell! Take a look at our analysis for EURGBP. Time Frame: 15m Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 0.8546. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 0.8541 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1