My EURGBP Short idea 21/2/2025EURGBP is bearish on Edgefinder and the fundamental economic data all point out to a bearish momentum for the EURGBP. The pound has been strengthening and a modest amount of volume is present to short this trade.
I am having tight loss on this but optimistic on this trade so far. ECB is looking forward to cut more rates, cautiously though. Meanwhile BOE are taking an easing approach which may strengthen the Pound.
Eurgbpshort
Scenario on EURGBP 13.2.2025On this chart, I see the situation like this: if I should take a short, then the first sfp at the price level of 0.83800-0.84000, if I should be interested in a long position, then the first target that makes more sense to me is the sfp at the price of 0.8300, other scenarios are other alternatives where the market could react if certain conditions are met
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?
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.
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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.
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THANKS.
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.
EUR/GBP at Critical Resistance – Major Move Incoming?What’s great everyone!? Mr. Blue Ocean FX here, breaking down EUR/GBP with an in-depth analysis you don’t want to miss.
Starting from the higher timeframes, we’ve identified a major trendline resistance dating back to January 2023, which has been tested multiple times and is now being challenged again. After a massive impulse move from the 0.8275 area in late December, price has surged to the current levels around 0.8472, but signs of weakness are starting to emerge.
Looking closer at the daily timeframe, we’ve seen a clear rejection off the trendline with significant bearish volume stepping in yesterday—indicating strong selling pressure after a liquidity grab above 0.8444. With a confirmed daily close below 0.8434, we’re now eyeing potential downside targets.
Dropping down to the H1 timeframe, we’re observing a lower high formation, which could signal a continuation lower. I’ve already entered this trade with a high-risk, high-reward approach, placing stops above the recent high and targeting multiple liquidity areas below.
Key levels to watch:
• First target: 0.8433, sweeping liquidity.
• Next: 0.8413 (double bottom) and ultimately 0.8335 if momentum continues.
If we break below key support at 0.8410, this could trigger a much larger drop into untested levels from past price action, potentially targeting the 0.8146 area.
The next few candles will be crucial—will EUR/GBP hold this level or melt down further? Stay tuned and let’s see how it plays out!
If you’re finding value in these breakdowns, make sure to boost, share, and comment with your thoughts. Let’s make some moves!
Nice Daily rejection on EurGbp Price rejects old daily strong Level 0.84234 . that level have been tested before and there was a strong rejection to the downside.
I'm not expecting the price to get to 0.84370. hence I'll be looking for sell opportunity to short EurGbp for the rest of the week except if there's any rejection amongst some daily poi below.
Please boost if you find this insightful 🫴
EURGBP - Potential Sell From Key Resistance ZoneThe EURGBP pair is approaching a significant supply zone, marked by historical price reactions and strong resistance levels. The current market structure suggests the potential for a reversal from this area if sellers regain control.
I anticipate that if the price confirms a rejection from this supply zone, the market is likely to move downward toward the 0.83611 level. This setup aligns with the idea of trend exhaustion near resistance.
If you have additional insights or an alternative perspective, feel free to share your thoughts!
EURGBP - Look for a long position !!Hello traders!
‼️ This is my perspective on EURGBP.
Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look for a long. I want price to make a retracement to fill the imbalance lower and then to reject from bullish OB + level 0.83000.
Fundamental news: Upcoming week on Wednesday (GMT+2) we will see results of yearly CPI on GBP, news with high impact on currency.
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EURGBP intraday rallies to continue attract sellers?EURGBP - 24h expiry
The primary trend remains bearish.
Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end.
There is no clear indication that the downward move is coming to an end.
The bearish engulfing candle on the 4 hour chart is negative for sentiment.
50 1day EMA is at 0.8310.
We look to Sell at 0.8309 (stop at 0.8329)
Our profit targets will be 0.8259 and 0.8249
Resistance: 0.8300 / 0.8315 / 0.8328
Support: 0.8285 / 0.8263 / 0.8250
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
ANALYSIS OF EURGBP TRENDS WITH DOWN The chart represents the EUR/GBP currency pair on the 4-hour timeframe using Heikin Ashi candles. Here’s the analysis:
Observations:
1. Resistance Zone:
A strong resistance level is marked around 0.8327, indicating repeated price rejection at this zone (highlighted by orange circles).
2. Support Levels:
Two prominent blue lines represent key support levels:
First Support: 0.8260
Second Support: 0.8223 (Diamond Zone), which is the significant area of interest.
3. Diamond Pattern:
A "diamond zone" is identified as a potential key breakout/breakdown area. This structure often indicates an upcoming price move.
4. Trendlines:
A yellow trendline shows the recent downward momentum.
The price action suggests the possibility of lower highs and lower lows, implying bearish sentiment.
5. Projected Movement:
Blue arrows indicate a bearish outlook:
The first downward move targets the first support level.
If breached, the price may head toward the diamond zone (second support level).
Conclusion:
Bearish Bias: The chart suggests EUR/GBP may continue its bearish movement, especially if the resistance at 0.8327 holds strong.
Trading Strategy:
Entry: Look for confirmations (e.g., rejection candles or strong bearish momentum) near resistance for potential short positions.
Targets:
TP1: 0.8260
TP2: 0.8223 (diamond zone)
Stop Loss: Place it above 0.8330 to protect against invalidation of the bearish setup.
Monitor price action at key levels for confirmation.
EUR/GBP Descending Channel: Will Bears Push Lower?EUR/GBP daily chart displays a descending channel, indicating continued bearish momentum. The price is consolidating near the middle of the channel, facing resistance at the upper trendline.
A rejection at this level could lead to a decline toward the lower boundary, with a potential target near 0.8180–0.8200. If the price breaks below this lower trendline, it could signal further downside.
EURGBP - Short from bearish OB !!Hello traders!
‼️ This is my perspective on EURGBP.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. My point of interest is imbalance filled and rejection from bearish OB.
Fundamental news: On Thursday (GMT+2) we will see results of Interest Rate on EUR, news with high impact on currency.
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EurGbp Formed a Wedge Pattern.Looking for Impulse Down.
EurGbp moving down soon. EG formed a bearish wedge pattern to fall. It's important to have your own rules on RR and adhere to them. This trading idea is intended to assist you and enhance your knowledge. If you have any questions, please ask me in the comments.
Learn & Earn!
Wave Trader Pro
The bears pair of the week. Shorting today into Dec. EURGBP
You could definitely do well shorting the EURUSD pair today, but even more lucrative is probably to go short on the EURGBP currency pair.
Why do I make this call?
Because it is imho more bearish than EURUSD at present, because unlike the latter which will probably have a bounce intraday at least during the start of the Asian session, bears will move in at some point on EURUSDvat about the 1hr timeframe from memory.
But every chart I viewed of EURGBP 1minute to 3monthly has the tipping-over effect and right from the get-go I think this will sell-off.
Of the other EUR pairs I have checked, i'm only about 1/3 through, EURCAD & EURAUD are also very bearish on the charts and the EURUSD I expect to gain the bearish sell a bit later during Asia Monday.
I will probably take a small lot size Short and ride this one into December using a mental-soft-stop which puts me in control to exit the trade when I want. For example, if an intervening bullish news story is released to the market to pump up the falling EUR.
I would like to report back when profits or losses are taken. For a review of trade.
EURGBP - Long active !!Hello traders!
‼️ This is my perspective on EURGBP.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long. I expect bullish price action as we can see that price filled the imbalance and rejected from bullish OB.
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EURGBP to find sellers at market price?EURGBP - Intraday
The primary trend remains bearish.
Our short term bias remains negative.
Preferred trade is to sell into rallies.
20 1day EMA is at 0.8338.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
We look to Sell at 0.8338 (stop at 0.8362)
Our profit targets will be 0.8278 and 0.8268
Resistance: 0.8320 / 0.8345 / 0.8370
Support: 0.8307 / 0.8290 / 0.8260
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
EUR/GBP 4-Hour Bearish Continuation Trade PlanEUR/GBP on the 4-hour chart suggests a bearish continuation within a parallel channel. A Fibonacci retracement is drawn from the previous Lower High (LH) to the recent Lower Low (LL), highlighting potential resistance levels. An immediate sell order is placed at 0.8282, with a stop loss positioned above the last LH at 0.83418 to mitigate risk if the trend reverses.
The parallel channel, showing consistent Lower Highs (LH) and Lower Lows (LL), reinforces the bearish trend. For profit-taking, the first target (TP1) is set at 0.8222, and the second target (TP2) at 0.8162, aligning with the Fibonacci support levels. This setup confirms a continuation pattern, suggesting further downside within the established channel.
EURGBP to find sellers at previous resistance?EURGBP - Intraday
Previous resistance located at 0.8350.
The lack of interest is a concern for bulls.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
We are trading at overbought extremes.
Risk/Reward would be poor to call a sell from current levels.
We look to Sell at 0.8345 (stop at 0.8367)
Our profit targets will be 0.8290 and 0.8275
Resistance: 0.8325 / 0.8350 / 0.8375
Support: 0.8306 / 0.8295 / 0.8280
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.