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GBPEUR

Trading Idea: GBP/EUR Resistance BreakoutCurrent Resistance Level: GBP/EUR is currently facing a resistance level. If the price breaks above this resistance, it could signal a potential bullish breakout. Next Target: After the breakout, the next key resistance level becomes the target. Bullish Pattern: There is also a potential bullish pattern forming, which could further support the breakout scenario. A confirmed breakout above the first resistance could lead the price to rally toward the second resistance level. Confirmation: Wait for a clear break and close above the current resistance, and a confirmation of the bullish pattern, to strengthen the breakout signal. Risk Management: Consider placing a stop-loss below the previous support level to manage risk in case of a false breakout.
Long
by rebenga93
UK Inflation Target Hit, Sterling Up (Short-Term?) British pound strengthens against euro and dollar after inflation dips to Bank of England's target. * UK inflation fell to 2.0% in May, meeting the BoE's target for the first time in nearly three years. * This news sparked a modest rally in the pound, with GBP/EUR rising to €1.1860 and GBP/USD reaching $1.2727. * However, services inflation remains high, prompting speculation that the BoE may hold off on interest rate cuts despite falling headline inflation. * Market expectations for an August rate cut have softened to around 36%, down from 55% before the inflation data. * The Bank of England is expected to maintain interest rates at its meeting on Thursday. Future movement of GBP likely hinges on upcoming UK data: * Wednesday's release of June CPI data could further weaken the pound if it confirms expectations of persistently high services inflation. * The BoE's monetary policy decision on Thursday is also a key event, with limited forward guidance potentially disappointing GBP investors. Euro subdued by lackluster German economic data: * The euro showed little reaction to Germany's latest Zew economic sentiment index, which missed forecasts. Overall, the outlook for GBP remains uncertain. While lower headline inflation provided a temporary boost, concerns about sticky services inflation and the BoE's monetary policy stance could weigh on the pound in the coming days.
Long
by signalmastermind
Aroon Indicator for GBPEUR shows an upward move is likelyGBPEUR's Aroon Indicator triggered a bullish signal on February 02, 2024. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 258 similar instances where the Aroon Indicator showed a similar pattern. In 82 of the 258 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at 32%. Price Prediction Chart Technical Analysis (Indicators) Bullish Trend Analysis The Momentum Indicator moved above the 0 level on January 17, 2024. You may want to consider a long position or call options on GBPEUR as a result. In 31 of 118 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 26%. Following a +0.26% 3-day Advance, the price is estimated to grow further. Considering data from situations where GBPEUR advanced for three days, in 48 of 260 cases, the price rose further within the following month. The odds of a continued upward trend are 18%.
Long
by Serhii_Bond
🚨EURGBP will Fall By Bump-and-Run Top Pattern🚨✅ EURGBP was able to make a Bump-and-Run Top Pattern . 🔨 EURGBP Broke the support line a few hours ago, and now it is on the Run phase of the Bump-and-Run Top Pattern. 🔔I expect the EURGBP will fall at least to the 🟢Support zone🟢 in the next hours. Euro/British Pound Analyze ( EURGBP ), 4-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
39
GBPEUR, Massive DOUBLE-Top, Final Breakout-Setup Emerging!Hello There! Welcome to my new analysis of GBPEUR. Since GBPEUR formed the major top last month August 2023 it heavily emerged with bearish momentum towards the bearish direction and has not yet recovered since this battered price-action inclinement. Now a big consideration is if GBPEUR finally develops a crucial continuation formation and if the bearish momentum is going to accelerate so heavily that a massive bearish momentum spike moves into the target zones. Because of the significance of this determination, I have analyzed GBPEUR in the analytics backend and detected major signs to not underestimate when considering the bearish inclined price-action GBPEUR has shown up with. Formational Determination: When looking at my chart now with the recent bearish momentum price-action GBPEUR moved on to test the major price-action zone at 1.1495 which has been tested already before as GBPEUR formed the first top within the whole formation, the more often the zone is tested the higher and more volatile the breakout develops once it has emerged. Now, with this second test, GBPEUR is about to complete a major paramount decisive double top formation which is the most prevalent formation here that is likely to validate a major bearish continuation once it has been completed. Such a double top formation in almost all cases is the origin of high bearish pressures once completed. Upcoming Perspective: Now, once GBPEUR has formed the breakouts below the 1.1495 level it is going to set up a confirmational formation as seen in my chart which is likely a bear flag formation setting up the wave C, and simultaneously the whole completion of the bearish formation. Once the confirmational bear flag formation has been completed it will be the origin of the next bearish wave C extension towards the downside and from there on GBPEUR is going to continue till the final double-top targets have been reached as marked in my chart. What has to be mentioned here as well is that the completion of the bearish double-top formation is also going to activate the bearish EMA crossover that is going to accelerate the bearish dynamics. In this manner, thank you everybody for watching my analysis of ORCL. Support from your side is greatly appreciated. VP
by VincePrince
14
GBPEUR, Forming Possible Reversal With Opportunity Incoming!Hello Traders Investors And Community, welcome to this analysis where we are looking at GBPEUR 4-hour timeframe perspective, the recent events, the current formation, what to expect and how to handle upcoming price-action in the right appropriate manner. GBPEUR was in a protracted downtrend where it stopped recently at the 1.09 level and now forming somewhat of a consolidation, the big question most often in such consolidations is if it will continue further to the downside or a substantial reversal building that can reverse the price and establish a new paradigm. In this consolidation, I detected some meaningful signals which will determine the further outcomes of this pair till then there are some importances and signs which the pair has to fulfill in order to show the right confirmation and trading setup when considering to enter here. Looking at my chart you can watch that the strong consolidation range building up here is actually a possible big head and shoulder formation marked in blue with the consolidation below the 300- and 40-EMA currently holding on which can indicate a sign of strengthening before the final breakout happens, furthermore the pair is building a parallel channel here which is important to hold in order to show a breakout and overall validation of the head and shoulder formation, when GBPEUR falls below the lower boundary of this channel there is a strong invalidation range in which the pair will show continued bearish pressure to the downside, therefore, it is important to bounce at the lower boundary as it is shown in my chart. When the pair manages to stabilize at or above the lower boundary and finally break out the neckline of the head and shoulder formation with a volatile bullish move this will be the confirmation of the formation and higher upside targets will be activated. This mechanism can be traded either aggressively with immediate entry or conservative with entry after the confirmation has taken place. Although the immediate entry is also possible here the conservative waiting on confirmation will be much smarter here as it is also minimizing the risk. Minimum target after the confirmation has taken place will be the upper boundary of the channel, when these targets reached it needs to be elevated what GBPEUR is doing further in the range. In this manner, thank you for watching, support for more market insight, all the best! "The past as the future is indefinite and exists only as a spectrum of possibilities." Information provided is only educational and should not be used to take action in the market.
by VincePrince
1
EURGBP COULD BE A GOOD LITTLE SELL👉EURGBP @ 0.8564~ SELL 📍 SL - 0.8644 💰 TP1 - 0.8544 💰 TP2 - 0.8504 💰 TP3 - 0.8404 Hey! Everyone 👋 Currently in a 4hour squeeze at the moment, EUR is being sold off against GBP, we also have a 15 minute triangle pattern that is broken and in favour for the bears to step in. 1 Hour bounce off 200 moving average + the overall market direction being bearish is enough to consider a sell to the previous bottom ,if broken it will drop much lower. ✅📈
Short
by FX-TradingLions
GBP/EURO~Maximizing Your Euro HoldingsGBP/EURO – Maximising Your Euro Holdings This chart could be used for perpetual swaps or could be of value to those looking to maximise their Euro holdings by positioning them temporarily into Great British Pounds. The RSI and Parallel channel have been brilliant indicators of when to long and short the Great British Pound ("GBP") in Euro. The 200 week SMA also is of added benefit as it appears to act as a sturdy resistance level mid trend. In other words, exiting the trade when we approach it from a long or short perspective is an additional tactic to secure profits and avoid the risk of how it repels the approaching price action. As a EURO holder or someone with high reserves in EURO, technically you could have an open position to buy GBP at €1.0864 or a little lower and have a tight stop in place at €1.0507. You could gauge this stop to your risk tolerance and your entry (in the green zone). The likelihood of a bounce from these lower green levels is historically high and you would have a reasonable trade with a defined stop so you never have too much pain. If the trade plays out and you have banked 10% in a full move you can sell your GBP for approx. €1.20 locking in a liquid tax free 10-11% profit (which you originally bought for €1.0864 per GBP). Historic Buy and Sell Zone Returns (To Increase EURO holdings) o BUY GBP in Oct 2016 at €1.08 and SELL at €1.20 in Dec 2016 (11% Euro Increase over 3 months) o BUY GBP in Aug 2017 at €1.08 at any stage over next 100 months (2 - 7 % Euro Increase over o those 100 months). If you sold before reaching the 200 week moving average you would have nailed this trade with min 7% profit. o BUY GBP in Aug 2019 at €1.08 and SELL in Dec 2019 at €1.20 in Dec 2019 (11% Euro Increase over 5 months). o BUY GBP in Mar 2020 at €1.08 and SELL in Dec 2019 at €1.13 in Apr 2020 (5% Euro Increase over 1 months). Again selling before reaching 200 week moving average resistance would have been a great tactic. Obviously for those wanting to increase their GBP they can inverse this concept and contra trade these moves. If anyone would like a similar chart for positioning in EURO to increase GBP, please ask in the comments. What’s interesting is that historically the months of Aug – Oct are good buy opportunities for people wanting to increase their EURO holdings via GBP positioning. Whilst we are in that time frame at the minute, our RSI is not providing us with a definitive signal and as we are closer to the upper Sell Zone there does not appear to a reasonable trade at present using this strategy. Going forward we can press play on this chart on trading view and see where price has moved and if an opportunity presents itself. I will keep you posted on if we move into the red or green. PUKA
by PukaCharts
EURGBP Falling with Ascending Broadening Wedge❗️❗️❗️EURGBP has been able to form two reversal patterns in the daily time frame. The first pattern is the Ascending Broadening Wedge , in which the EURGBP has managed to break the lower line of this pattern. The second pattern is the Head and Shoulders Pattern , which was the first sign of the Ascending Broadening Wedge lower line breaking. 🔔I expect EURGBP to at least FALL to the next 🟢 support zone(0.83 GBP-0.82 GBP) 🟢. 🔅Euro/British Pound Analyze ( EURGBP ), 4-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
12
EURGBP growth with Three White Soldiers👩‍🚀👩‍🚀👩‍🚀!!!Hi everyone👋. EURGBP managed to form a Bullish AB=CD Harmonic pattern in the 🟢 support zone(0.874 GBP-0.8718 GBP) 🟢. 💡 Confirmation sign of point D of the bullish AB=CD Harmonic pattern: Forming a Three White Soldiers👩‍🚀👩‍🚀👩‍🚀 Candlestick Pattern . Regular Divergence(RD+) between points D and B. The StochRSI indicator shows us the end of the movement.👇 🔔I expect EURGBP to rise to at least the resistance line. 🎉Also, I shared with you the LONG position with RR= 2.00 , but be sure to follow your strategy and not forget capital management . 🔅Euro/British Pound Analyze ( EURGBP ), 4-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
39
EURGBP falls again with ⭐️Evening Star⭐️Candlestick Pattern!!!EURGBP has attacked the resistance line several times, but it seems that the 💡sign💡 of the failure of this attack can be the formation of the Evening Star Candlestick Pattern on the resistance line and near the 🟡 Price Reversal Zone(PRZ) 🟡. I expect EURGBP to fall to the 🎯targets🎯 I specified in the chart; I also shared a short position with RR=2.28 with you, but be sure to trade according to your own strategy and don't forget capital management. 🔅Euro/British Pound Analyze ( EURGBP ), 4-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
37
EURGBP Falls by Bearish Engulfing & Resistance zone/line & HD-😉EURGBP was rejected by the 🔴 resistance zone(0.886GBP-0.8852GBP) 🔴 and resistance line . Also, the EURGBP reversal signal is the Bearish Engulfing Candlestick Pattern. In addition, Hidden Divergence(HD-) can be seen between two consecutive peaks. I expect EURGBP to decline to at least 🟢 support zone(0.874GBP-0.872GBP) 🟢. 🔅Euro/British Pound Analyze ( EURGBP ), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
6
💵Euro/British Pound 💵Analyze (10/03/2022)!!!Euro/British Pound was able to make an Ascending Broadening Wedge Pattern. I expect Euro/British Pound will go down at least to the lower line of Ascending Broadening Wedge Pattern. We will have two scenarios when Euro/British Pound touches the lower line(everything is transparent in my chart). 🔅Euro/British Pound Analyze (EURGBP) Daily Timeframe ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
6
⭕️BUY GBPEUR; It's time to buy🤨🚀🔰You can see the analysis of the British pound to the euro in the 30-minute time frame (GBPEUR_ 30min)💣🔍 💥SUPPLY and DEMAND zones are indicated in the picture🧐 Due to the presence of the GAP in the chart and the presence of the price near the Support🧡, there is a possibility that the price will rise as a result of hitting the support line up to the Supply zone🚀🔺 Do you think this analysis can be profitable❓ I hope the analysis was useful for you🤍🌹 📌Please introduce the channel to your friends 🙏🏻 __________📈TRADER STREET📉___________
Long
by TRADER_STREET
1