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Eurgbpshort

EURGBP price action remains mixed.EURGBP - 24h expiry We are trading at overbought extremes. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. This is negative for sentiment and the downtrend has potential to return. Bespoke resistance is located at 0.8630. Preferred trade is to sell into rallies. We look to Sell at 0.8630 (stop at 0.8658) Our profit targets will be 0.8560 and 0.8550 Resistance: 0.8630 / 0.8660 / 0.8700 Support: 0.8595 / 0.8550 / 0.8490Risk 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.
Short
by OANDA
EURGBP - Time for distribution lower ✅Hello traders! ‼️ This is my perspective on EURGBP. Technical analysis: As we can see here price was in a range for the last couple of days and now it manipulated buy side liquidity and rejected from bearish order block. I expect we can see distribution lower for taking sell side liquidity Fundamental news: On Thursday we will see the results of Interest Rate on GBP and EUR. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
2
EURGBP Long Term Buying Trading IdeaHello Traders In This Chart Forex ForecastEURGBP DAY By FOREX PLANET today EURGBP analysis 👆 🟢This Chart includes_ (EURGBP market update) 🟢What is The Next Opportunity on EURGBP Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts.
Long
by ForexPlanet20
EURGBP Long Term Buying Trading IdeaHello Traders In This Chart Forex ForecastEURGBP DAY By FOREX PLANET today EURGBP analysis 👆 🟢This Chart includes_ (EURGBP market update) 🟢What is The Next Opportunity on EURGBP Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts.
Long
by ForexPlanet20
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 am looking for longs. I expect bullish price action from here as price filled the imbalance and took liquidity below equal lows. Fundamental news: Tomorrow will be released yearly CPI on GBP. News with impact on GBP, so pay attention to the result in order to validate the analysis. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
Short EURGBPEURGBP pair has been moving in a downward channel. There are a number of reasons for the EURGBP's recent weakness. One reason is the divergence in monetary policy between the European Central Bank (ECB) and the Bank of England (BoE). The ECB has been slower to raise interest rates than the BoE, which has led to a widening in the interest rate differential between the two currencies. This has made the euro less attractive to investors, as they can earn a higher yield on their investments by holding sterling. Another reason for the EURGBP's weakness is the ongoing war in Ukraine. The war has caused a humanitarian crisis and has also had a negative impact on the European economy. This has led to increased uncertainty and risk aversion, which has weighed on the euro. The EURGBP pair is currently trading at around 0.87, the next potential target for the EURGBP pair is 0.866 as it is moving in the channel. Hope you like the idea. Do comment, like and follow for more such ideas and targets.
Short
by FxPercent
Looking at EURGBP ahead of ECB Rate Decision TomorrowAhead of the ECB rate decision tomorrow, the futures markets see almost zero chance we get anything other than a hold at 4.50%. This falls in line with other economies including the Bank of Canada which held rates earlier today. From a technical perspective the Daily chart is back above the wedge breakout level. I took a Long this morning from 0.87140 after a nice rejection candle close yesterday, but price moved sideways and failed to push higher. This continues the pairs lack of conviction above 0.8700 which starts to make it more and more difficult to see price making a clean break higher. So 0.8700 is the line in the sand tomorrow, if we see buyers really step up and drive price higher I'll be looking for more Longs, but if we fall back inside 0.8700 I'll flip my bias short, specially if we fall back inside after the rates have been announced. Best of luck out there and I'll see you tomorrow.
by RuckSack