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Eurgbpforecast

EURGBP - FUNDAMENTAL AND TECHNICAL VIEW#EURGBP - Currently the MARKET SENTIMENT for EURGBP is slightly on the DOWN SIDE. The main reason for that is the NEGATIVE RISK SENTIMENT for EUR. And we can mention BOE intervention. The reason for positive sentiment in EUR is USD SELL. But a good UP SIDE BIAS is coming for GBP now with the MARKET SENTIMENT. Due to this reason, all MARKETS including STOCKS can be seen to be UP due to MARKET RISK being ON. It affects the EUR in a big way. - EURGBP can definitely go up to the RESISTANCE LEVEL above. Due to USD WEAK, EUR may be quite STRONG. Accordingly, EURGBP can go up slightly until the 0.8812 LEVEL. And after that EURGBP can be SELL to 0.8500 LEVEL. The given STRUCTURES should be BREAKED for that.
by benny_marshall
1
EUR / GBP bullish short term outlookEUR / GBP: Bullish outlook despite the pullback on November 10th and the fact that price found support above the 40 week (200 day) moving average which also intersects at 0.8686 (the 50% retracement from 4 week high / low) indicates the pair may have strong buyer support, this can be further supported by the fact that current price remains above its 4 week moving average, as well as the fact that both 4 and 13 week rate of change indicators are above their respective signal lines ( above zero), this technical conclusion supports the prospects for a bullish outlook over the short term (5-25 days) with upside potential targets near 0.8870 (Oct 12 high) and 0.8930 (38.2% retracement from the 13 week high low).
Long
by Skilling
EURGBP LongWhen we move onto the weekly time frame. We can see a sharp moved took place around the week of the 29th of August. This resulted the price breaking a weekly structural level which has been holding steady since around May of 2021. This combined with the breakout on a falling wedge pattern on the daily time frame add to our narrative of looking to go long on the EURGBP pair. We expect a return of between 13 %to 17% depending on how much you are willing to risk per trade.
Long
by NDOBObanks
EURGBP: WAIT !!! DON'T BUY TOO EARLY!!!. we still have a sellside inefficiency and price still need to rebalance it before finally going bullish on EURGBP. It is of no doubt that we're currently bullish on EURGBP, price is currently looking to fade into a large TF premium Arrays before finally displacing lower. Confluences : 1. we previously had a bullish displacement on the weekly TF leaving a bullish order block behind, price has been trading lower to of recent to mitigate the weekly propulsion block and that is a trend already on the daily TF. 2. On the daily TF, we had a displacement lower showing the interest of the smart money to sell into the weekly propulsion block (IPDA). 3. The banks sell at premium and buy at discount. We're currently in a discount level of the bearish displacement price swing, and before we can expect the banks to sell we must see price trade into the premium P.D-Array of the bearish displacement price swing. 4. I'm looking for price to trade into the equal highs above after the fvg, as it is going to be a draw on liquidity for the smart money to offload the buy stops they've accumulated trading higher. 5. we also have an order block above the fair value gap, we're also likely to see price trade into that before we start building a bearish bias. Conclusion: On the one hour TF, you don't want to buy too early, price is still having a sellside inefficiency to fill in and it could even go all the way down to sweep the previous week low before finally trading for higher prices. Bullish opportunities are likely to be more profitable this week than shorts on EURGBP. StefanFX
Long
by stefan143
EURGBP | Steep Downtrend. Go Short!When it comes to the technical analysis of  EURGBP , considering the current market structure, this currency pair is still in downtrend. On chart, we can clearly see the steep downtrend and price also managed to break the previous support area S1. That means price is likely to continue moving downwards. So the best approach would be to wait until the price tests the S1trend line. If you find a strong rejection with bear candles, go short. Targets T1 & T2 are marked on the chart. What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis. If you find this technical analysis useful, please like & share our ideas with the community. Good Luck! Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Short
by FX-Storm2022