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EURGBP

EURGBP bearish continuation developing?The EURGBP currency pair price action sentiment appears bearish, supported by the longer-term prevailing downtrend. The key trading level is at 0.8380, which is the 25th February swing high. An oversold rally from the current levels and a bearish rejection from the 0.8380 level could target the downside support at 0.8286 followed by 0.8245 and 0.8200 levels over the longer timeframe. Alternatively, a confirmed breakout above 0.8380 resistance and a daily close above that level could trigger further rallies higher and a retest of 0.8400 resistance level followed by 0.8420 and 0.8460. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
Could the price reverse from here?EUR/GBP is rising towards the pivot and could reverse to the 1st support level which is a pullback support. Pivot: 0.8356 1st Support: 0.8288 1st Resistance: 0.8389 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.
Short
by ICmarkets
EURGBP Will Move Higher! Buy! Here is our detailed technical review for EURGBP. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 0.832. Considering the today's price action, probabilities will be high to see a movement to 0.840. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
EURGBP: What Are You Anticipating With This Volatile Pair?I am a swing trader, as you can probably tell from the timeframes I use in my posts. However, I do believe that EURGBP lends itself better to day trades or position trades, if you can stomach the movement. Considering it has made, for me, surprising reverses just when you think it would push further, I offer a couple of scenarios for both a sell and buy possibility. I do see EURGBP selling further but this is a pair you want to be prepared for movement in the opposite direction as well. Game plan, ready! What would be your move?
by rhashedaw
1
Bearish drop off 50% Fibonacci resistance?EUR/GBP is rising towards the pivot and could drop to the 1st support that lines up with the 61.8% Fibonacci projection. Pivot: 0.8374 1st Support: 0.8222 1st Resistance: 0.8464 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.
Short
by ICmarkets
EURGBP - Weak Again!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 EURGBP has been bearish trading within the falling wedge pattern in blue. Currently, EURGBP is approaching the upper bound of the wedge. Moreover, the orange zone is a strong structure. 🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the orange structure and upper blue trendline. 📚 As per my trading style: As #EURGBP is around the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
3
EURGBP Channel Down sell signalThe EURGBP pair has been trading within a Channel Down pattern since the November 16 2023 High. The recent Lower High rejection just above the 1D MA200 (orange trend-line) resembles both in terms of 1D RSI and price action the August 08 2024 Lower High. Since that posted an initial correction of -3.62%, we expect an equivalent Bearish Leg to target 0.81750. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
1
EURGBP Sellers In Panic! BUY! My dear subscribers, My technical analysis for EUR/USD is below: The price is coiling around a solid key level - 0.8321 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 0.8363 My Stop Loss - 0.8295 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
Long
by AnabelSignals
1
Bearish drop off 38.2% Fibonacci resistance?EUR/GBP is rising towards the resistance level which is a pullback resistance that aligns wit the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.8358 Why we like it: There is a pullback resistance level that line sup with the 38.2% Fibonacci retracement. Stop loss: 0.8387 Why we like it: There is a pullback resistance level that is slightly above the 50% Fibonacci retracement. Take profit: 0.8286 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! 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 - Long active !!Hello traders! ‼️ This is my perspective on EURGBP. Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I expect price to continue bullish price action after filling the imbalance and rejecting from bullish OB + institutional big figure 0.83000. Fundamental news: On Thursday (GMT+2) we will see results of Interest Rate on GBP, news with high impact on currency. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
EURGBP, First Long and after that Get Ready for ShortHello Traders, Hope you are doing great. for upcoming weeks, we'll probably see continuation of upward momentum and after that we'll probably find an opportunity to Sell at one of these specified zones. so with a proper trigger we can open a long at first and after that a short position. And finally tell me what do you think ? UP or DOWN ? leave your comment below this post. If this post was helpful to you, please like it and share it with your friend. THANKS.
by aminrzb
Market Analysis: EUR/GBP Falls Into The RedMarket Analysis: EUR/GBP Falls Into The Red EUR/GBP is declining and trading below the 0.8400 support level. Important Takeaways for EUR/GBP Analysis Today - EUR/GBP is declining and showing bearish signs below 0.8400. - There is a key bearish trend line forming with resistance at 0.8370 on the hourly chart at FXOpen. EUR/GBP Technical Analysis On the hourly chart of EUR/GBP at FXOpen, the pair struggled to gain pace for a move above 0.8420. The Euro settled below 0.8400 and started a fresh decline against the British Pound. There was a clear move below the 0.8350 pivot level. The EUR/GBP chart suggests that the pair settled below the 50-hour simple moving average and 0.8340. A low is formed near 0.8307 and the pair is now consolidating losses. Immediate resistance is near the 50% Fib retracement level of the downward move from the 0.8389 swing high to the 0.8307 low at 0.8350. The next major resistance could be near the 50-hour simple moving average and the 61.8% Fib retracement level of the downward move from the 0.8389 swing high to the 0.8307 low at 0.8370. There is also a key bearish trend line forming with resistance at 0.8370. A close above the 0.8370 level might accelerate gains. In the stated case, the bulls may perhaps aim for a test of 0.8420. Any more gains might send the pair toward the 0.8450 level. Immediate support sits near 0.8325. The next major support is near 0.8305. A downside break below the 0.8305 support might call for more downsides. In the stated case, the pair could drop toward the 0.8265 support level. Trade on TradingView with FXOpen. Consider opening an account and access over 700 markets with tight spreads from 0.0 pips and low commissions from $1.50 per lot. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
DeGRAM | EURGBP will continue to declineEURGBP is above the descending channel between the trend lines. The price continues to move from the dynamic resistance. The chart retains the actual formed harmonic pattern, but shows weakness when approaching the channel. We expect the continuation of the decline after the support retest and consolidation in the channel. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Short
by DeGRAM
5
Bullish bounce off 61.8% Fibonacci support?EUR/GBP is reacting off the pivot which acts as a pullback support and could bounce to the 1st resistance which has been identified as a pullback resistance. Pivot: 0.8321 1st Support: 0.8224 1st Resistance: 0.8393 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.
Long
by ICmarkets
EURGBP - Bearish ReversalHello traders EURGBP has been slowly grinding up since 9 January with there being a trendline holding this slight uptrend. But it broke out of the trendline last week and it retested it. The ideal entry would have been on the retest but let's hope this 4H fvg gets filled then price goes down. Furthermore, the rsi has been making lower lows while price was making higher highs showing bearishness. Add to this that this setup is forming on a daily resistance zone as per the chart.
Short
by The_Worldy
EUR/GBP Bearish Momentum – Eyes on Support Zone!📊 EUR/GBP Daily Chart Analysis (28th Jan 2025) 🔹 Overview: Pair: EUR/GBP Current Price: 0.83855 📉 (-0.10%) Key Indicators: 200 EMA (Red Line): 0.84129 (Price is below the EMA, indicating bearish sentiment) Resistance Zone (🟠 Orange Box): ~0.84200 - 0.84400 Support Zone (🟢 Green Box): ~0.83200 - 0.83400 🔻 Bearish Outlook: Price recently rejected the resistance zone and started declining. It is now trading below the 200 EMA, suggesting potential further downside. Next Target: The support zone (~0.83200 - 0.83400) is likely the next major level. 📉 Possible Scenarios: 1️⃣ Bearish Continuation ⬇️ If the price maintains momentum, it may head toward the support zone (~0.83200). A break below support could trigger further downside. 2️⃣ Bullish Rebound 🔄 If the price finds strong buying interest at support, a rebound toward the resistance (~0.84200) is possible. A breakout above 200 EMA could shift momentum back to bullish. 🎯 Trading Considerations: Short Opportunity: Below 0.83800, targeting 0.83400. Long Opportunity: If support holds around 0.83200, aiming for a move back to resistance. Breakout Watch: A move above 0.84200 could trigger bullish momentum. 🔥 Conclusion: Currently, the trend is bearish, and price action suggests further downside toward the support zone. Keep an eye on price behavior around 0.83400 for potential reactions.
by MrStellanSight
EUR/GBP Collapses Bearish Breakout SetupThis chart shows a short trade setup based on the price action and trendline analysis of the EUR/GBP pair on the 2-hour timeframe. The price was moving within an ascending channel, defined by two parallel white trendlines. The ascending channel suggests a temporary bullish trend where the price consistently made higher highs and higher lows. At the top of the channel, the price experienced resistance, which led to a breakdown below the lower trendline. This breakdown signals a potential reversal of the bullish trend and marks the start of bearish momentum. The break of the lower trendline is the key signal for the short entry. The breakdown also aligns with a shift in market sentiment, as the price failed to maintain its position within the channel. The sell-off that followed confirmed the validity of the breakout. The price is now trending downward toward a lower level, which could act as a support area. The key levels to watch include the recent breakout point, which could act as resistance if the price attempts a pullback, and the lower support level near 0.82856. This support level aligns with a previous price range and serves as the potential target for the short position. The descending movement following the channel break suggests strong selling pressure. To confirm the continuation of the bearish trend, the price should not re-enter the ascending channel. A retest of the lower trendline could provide further confirmation of the breakdown, while a failure to hold below it could invalidate the bearish bias. This setup reflects a clear trend reversal strategy focusing on trading the breakout of an ascending pattern.
Short
by wolfchemist
1