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Eurgbpshort

The Euro will weaken against the GBPSummary The European Central Bank (ECB) will likely cut rates before The Bank of England (BOE), meaning potential downside on EURGBP. The Details European interest rate hikes have been successful - Euro Area inflation is around 2%. Mission accomplished. Easing rates is the next step after holding the current rate for a while. Cutting rates will weaken the Euro. European economic figures are poor, which adds conviction to rate cuts in the near future. On the other hand, the BOE will likely keep higher rates for longer. There may even be a final rate hike by the BOE. Inflation is still above 3%. Cutting rates anytime soon could be seen as irresponsible and is not likely. I expect EURGBP to reach weekly range support at 0.8250 in 2024. Price may even break the range support area. Things to Consider If the UK also signals recession, pressure to cut rates will increase. However, inflation should be the primary influence on rate decisions. EURGBP could move higher before it starts declining.
Short
by Samuel_Morton_Trader
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