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Euro vs British Pound

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EURGBP.P trade ideas

EUR/GBP Long-Term Outlook. SWING BUYEUR/GBP has been trading within a long-term range since 2016, and it’s currently sitting on a strong support level. Historically, this zone has acted as a launching point for price to move back toward the upper range. I believe the pair is entering a new cycle and will likely resume its move to the upside. The current support suggests renewed buying pressure, and with no significant bearish catalysts in sight, we could see a return to the higher resistance levels in the long run. Let’s see how this plays out—open to your thoughts!
Long
by ChampionsFx
2
EUR/GBP Sell Trade – Targeting 0.84469Pair: EUR/GBP 🇪🇺💷 Direction: Short 🔽 Target: 0.84469 🎯 Time Horizon: By Tuesday, Jan 21, 02:00 UTC ⏳ EUR/GBP has recently experienced a sharp upward movement, reaching an area where a potential pullback could develop. Observing current market behavior, a retracement toward the 0.84469 level is anticipated based on price action dynamics. This trade is expected to reach its target by Tuesday at 02:00 UTC. Broader market conditions, including euro sentiment and GBP market developments, may influence the pair's movement. Traders should monitor the price action closely for potential confirmations. 🔍
Short
by GlobalHorns
EURGBP SHORTAs price continues to follow the bearish channel, currently testing at multiple levels of resistance, followed by an increased HP this trade setup has the potential to overwhelm the bullish correction. After advanced technical analysis has been completed, the price looks to be aiming for the previous lows for potential breakdowns or complete with the initial setup for a long position. This market looks to be entering a volatile state and we can expect "major movements" giving the opportunity to benefit greatly overall. With proper risk management, this trade setup has the potential to be observed and experienced as an investment. This is not a signal and is not recommended to Leverage or Enter this Trade.
Short
by MasterPipzTrader
EURGBP to continue in the bullish channel?EURGBP - 24h expiry Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. 20 4hour EMA is at 0.8429. We look to buy dips. Dip buying offers good risk/reward. A break of the recent high at 0.8463 should result in a further move higher. We look to Buy at 0.8431 (stop at 0.8409) Our profit targets will be 0.8489 and 0.8499 Resistance: 0.8454 / 0.8464 / 0.8485 Support: 0.8436 / 0.8420 / 0.8404 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.
Long
by OANDA
EUR-GBP Possible ShortEUR-GBP Possible Short We can observe that the price has confirmed a potential double top and is ready to test the support around 0.84207. The first signal is that the MACD and RSI have shown overbought levels near 0.84480. This level has been confirmed again as resistance, causing the price to reject and move lower. Considering this resistance level and the alerts from the MACD and RSI indicators, along with price action, we can deduce that a retest of the 0.84207 support level is likely. Important: Before testing this support, we need to break the upward trendline! Possible Short Setup If the price re-enters resistance levels, we could consider taking a short position. Remember, the stop loss should be placed above the 0.84584 level. I don’t recommend entering right now. It’s better to wait for a pullback to improve the risk-reward ratio. Let me know what do you think in the comment section!!!!
Short
by cryptotweezer
1
EURGBPEUR/GBP represents the exchange rate between the euro (EUR) and the British pound (GBP), showing how many British pounds are needed to buy one euro. It reflects the economic relationship between the Eurozone and the United Kingdom. The exchange rate is influenced by factors such as monetary policies of the European Central Bank (ECB) and the Bank of England (BoE), interest rate decisions, inflation, GDP growth, and Brexit-related developments. Political events and economic data releases in both regions can cause significant fluctuations. EUR/GBP is a less volatile currency pair compared to others like EUR/USD or GBP/USD, as both currencies are relatively stable. Traders use it to analyze economic strength differences between the Eurozone and the UK.
Short
by HavalMamar
EURGBP (Projection of possible opportunity zone)I believe Forex traders should pay attention to the area ranging from approximately 0.84784 to 0.84569, as this zone marks the upper boundary of a downtrend channel that has been respected for an entire year. To further reinforce the upper part of the channel, the 20-month EMA is also positioned over this area. Another detail related to price action is that the trend has moved without pulling back until nearly reaching the top of the channel, which increases the likelihood of a reversal. This is just a projection of what could happen. I do not recommend entering the market without a prior pattern or formation to justify it. Channels have been used for over a century due to their ability to clarify price action and highlight probable opportunity zones.
Short
by Especulador96
EURBGP: Sell signal on the Channel Down top.EURGBP is almost overbought on its 1D technical outlook (RSI = 68.286, MACD = 0.003, ADX = 49.271) as it crossed over the 1D MA200 and almost touched the top of the short term Channel Down. This is a solid first entry for a short, the second being under the 1W MA200 near the dashed trendline of the long term Channel Down. Target the 0.786 Fibonacci retracement level (TP = 0.82800). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope