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Eurgbpshort

EUR/GBP Technical Analysis## EUR/GBP Technical Analysis Timeframe: 15-Minute Chart ### Chart Overview: The EUR/GBP pair on the 15-minute timeframe exhibits detailed recent price action, incorporating several technical elements that suggest potential future movements. ### Key Elements: 1. Downtrend Channel: - The chart initially indicates a downtrend channel, with the price respecting the upper trendline as resistance and the lower trendline as support. - This channel suggests a bearish trend with lower highs and lower lows up to a certain point. 2. Breaking Out of the Channel: - Recently, the price appears to have broken out of the downtrend channel to the upside, indicating a potential reversal or at least a short-term bullish correction. - The breakout is accompanied by a consolidation phase just above the previous upper trendline. 3. Support and Resistance Levels: - Resistance Levels: Immediate resistance levels are noted at 0.84603, 0.85181, and above these, at the previous high around 0.8535. - Support Levels: Key support levels include 0.84571, 0.84578, 0.84206, and further below at 0.84042 and 0.8400. These levels have provided significant support in the past and could act as potential bounce points if the price declines. ### Conclusion: The EUR/GBP pair is currently in a critical phase, having recently broken out of a downtrend channel. The price action around key support and resistance levels will be crucial in determining the next move. Volume analysis supports the recent bullish breakout, suggesting potential for further upside if key resistance levels are breached. Always manage your risk with appropriate stop losses and position sizing.
by THE-10
EURGBP to find sellers at market?EURGBP - 24h expiry The primary trend remains bearish. The sequence for trading is lower lows and highs. Risk/Reward would be poor to call a sell from current levels. Preferred trade is to sell into rallies. Bespoke resistance is located at 0.8455. We look to Sell at 0.8455 (stop at 0.8473) Our profit targets will be 0.8410 and 0.8400 Resistance: 0.8455 / 0.8470 / 0.8485 Support: 0.8425 / 0.8410 / 0.8395 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.
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by OANDA
The Euro: Navigating Politics, Geopolitics, and SocietyThe euro, as the second most traded currency globally, is heavily influenced by the political stability of the European Union (EU) and global geopolitical dynamics. The stability of the euro is linked to the political environment within the EU, where recent events like the rise of EU-skeptic parties and political turbulence in key member states, such as France and Italy, have introduced uncertainty. Geopolitical tensions, such as the conflict in Ukraine and economic policies from major economies like the US and China, also significantly impact the euro. Additionally, the rise of Islam in Europe, due to immigration and higher birth rates among Muslim communities, has influenced elections and political discourse, contributing to the success of far-right parties. These sociopolitical shifts further complicate the euro's stability by introducing political instability and policy uncertainty. Currently, the pound-to-euro exchange rate has surged, driven by EU political instability and the cautious approach of the European Central Bank (ECB) towards inflation and interest rates. The euro's future will be shaped by a complex interplay of internal political cohesion, global geopolitical tensions, and sociocultural dynamics.
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by signalmastermind
2
EURGBP Bearish ContinuationAfter breaking down out of the head & shoulders pattern we broke below support acting as a stronger resistance area around 0.86259 - 0.86131. Also, price has consolidated and expanded just enough respecting a bearish trend line, creating a bearish flag & another Bearish Order block. I believe this OB is valid due to the imbalance plus a breaker block aligned within the imbalance. Once price reaches my POI I'd switch to the 15 minute time frame and look for a liquidity sweep and brake of structure during kill zone hours ( London Session ) & enter from the 15 minute order block. When all confirmations are put together and used during the correct time it's more comfortable and the probability is higher. Let me know what you guys think! Good luck to everyone trading!
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by ProfitPanther
EURGBP | Short H4 | Market Exec | Still Betting Against the EURTechnical Confluences for Trade: - Stochastics are in Overbought Conditions on H4 and H1 time-frames - Price action has multiple resistance from trendlines & also a horizontal trendline (supply zone) Fundamental Confluences for Trade: - Nothing much can dictate the movement of this FX pair as they are heavily trade-related like the AUDNZD. Any major movement will come from supply-demand areas, monetary policies or economic data gyrations. Suggested Trade: Entry @ Area of Interest 0.8590 - 0.8620 SL @ 0.8643 TP 1 @ 0.8562 (Close Half-Position & move SL to Entry level once TP1 is achieved) TP 2 @ 0.8522 Risk-to-Reward @ Approx. 1.73 (Depending on Entry Level) ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. Any websites / brokers / applications suggested here are also provided as informational purpose only. ________________________________
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by weekendanalyst
EURGBP | MT Short H4 | Betting Against the EURPair: OANDA:EURGBP Timeframe: H4 - Medium Term (MT) Direction: Short Technical Confluences for Trade: - Stochastics are in Overbought Conditions on H4 and H1 time-frames - Price action has multiple resistance from trendlines & also a horizontal trendline (supply zone) - Aiming for the 50% Fibo Retracement which the horizontal line shows a supply-demand zone. Fundamental Confluences for Trade: - Nothing much can dictate the movement of this FX pair as they are heavily trade-related like the FX:AUDNZD . Any major movement will come from supply-demand areas, monetary policies or economic data gyrations. Suggested Trade: Entry @ Area of Interest 0.8590 - 0.8620 SL @ 0.8643 TP 1 @ 0.8562 (Close Half-Position & move SL to Entry level once TP1 is achieved) TP 2 @ 0.8522 Risk-to-Reward @ Approx. 2.22 (Depending on Entry Level) ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. Any websites / brokers / applications suggested here are also provided as informational purpose only. ________________________________
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by weekendanalyst
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.
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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.
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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.
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by Alvard
1
EURGBP Analysis (10th April 2024) Market Analysis PT2/2 (9th April 2024) EURGBP Analysis On the 4 hour Timeframe, Price action has rejected of a 4 hour resistance level, creating a bearish 4 hour Change of character, followed by a BOS. This price action has resulted in a formation of a bearish FVG and a bearish Orderblock as well. In order for price action to continue shorting, i expect price to pullback into either the FVG or the Orderblock before creating a 15 minute Change of Character to continue shorting. Should the FVG be tapped and rejected, i expect a sharp rejection off the FVG, not a slow one. If a slows rejection shows up, highlikely hood for price action to fill the FVG and tap in to the Orderblock before seeing some proper rejections. Make sure to risk less if you do take this set up as there is CPI and FOMC coming up later on during the NY session.
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by CallistoFX
EURGBP: Exploring a Potential Sell OpportunityCurrently, EURGBP is exhibiting bearish institutional order flow , leading me to anticipate a continuation from the current H1 Bearish Order Block. The objective is for price to reach the Daily Bullish Order Block, our current Draw On Liquidity. This sell opportunity holds a high probability due to the presence of low resistance liquidity towards the downside, facilitating smooth movement through inefficiencies such as Liquidity Voids and Fair Value Gaps towards the Order Block. I have considered taking a Risk Entry Trade off the H1 Order Block, with the Stop Loss positioned at the high of the Order Block. Kind Regards, The_Architect
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by The_Archi-tect
3
EURGBP Trade Idea - VideoRegarding the previously posted EURGBP trade idea, this video provides an explanation of the thought process behind considering this trade opportunity. On the 1-hour timeframe for the EURGBP currency pair, the price has broken through the established structure to the downside. We can observe the formation of lower highs and lower lows, indicating a potential bearish trend. The plan is to look for a short entry on a retracement, targeting the previous low levels as indicated by the chart markup. This information is presented for educational purposes only and should not be considered financial advice.
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by fxtraderanthony