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EURGBP.P trade ideas

EUR/GBP: Ready to reach the level 0.83!The EUR/GBP exchange rate is currently in a bearish phase, trading near 0.8440 as of January 15, 2025. The key resistance level at 0.8445, which has been a significant barrier since September, has once again hindered upward attempts. The recent downward pressure has been influenced by the halt in the rally of UK gilt yields, following weaker-than-expected inflation data. This factor, combined with growing concerns about stagflation in the UK, creates an unfavorable environment for the Pound, increasing the likelihood of a dovish stance from the Bank of England. On the European side, the stabilization of inflation in the Eurozone provides relative support for the Euro, further reinforcing the bearish sentiment on the EUR/GBP pair. Key upcoming events in the short term include the BoE rate decision on January 25, 2025, which could significantly impact the Pound: a more accommodative stance would further weaken the British currency, favoring an upward movement in the pair. This will be followed by the Eurozone GDP data release on February 2, 2025, and the PMI results for both the UK and the Eurozone in early February, with the potential to influence market dynamics depending on the relative strength of their economies. Market sentiment remains oriented toward short-term stability, with limited movements expected until new significant signals emerge from economic data or central bank decisions.
Short
by EdgeTradingJourney
3
EURGPB Wave Analysis 15 January 2025 - EURGPB reversed from multi-month resistance level 0.8445 - Likely to fall to support level 0.8380 EURGPB currency pair recently reversed down from the strong multi-month resistance level 0.8445, which has been steadily reversing the price from the start of September, as can be seen below. The resistance level 0.8445 was further strengthened by the upper daily Bollinger Band and by the nearby 61.8% Fibonacci correction of the downtrend from the start of August. Given the overbought daily Stochastic, EURGPB currency pair can be expected to fall to the next support level 0.8380.
Short
by FxProGlobal
Buy opportunityEUR/GBP – 4H Chart Analysis Overview: EUR/GBP is displaying bearish momentum following a strong rejection at the key resistance zone. The price action, along with volume analysis and risk-reward dynamics, supports a short trade setup targeting lower support levels. Trade Setup: Instrument: EUR/GBP (FX) Trade Type: Short (Sell) Entry Zone: 0.84340 - 0.84380 Stop Loss: 0.84695 (Above recent highs and resistance) Take Profit: 0.83270 (Next support level) Risk/Reward Ratio: 1:3.02 Analysis: Resistance Zone: The area around 0.84695 has acted as a significant supply zone, with price unable to break higher. Support Zone: The target level at 0.83270 aligns with previous demand and historical price reactions. Volume Profile: A high concentration of orders near the current levels suggests a bearish continuation. Trend Structure: Lower highs and consistent selling pressure indicate a continuation of the downtrend. Expected Move: If EUR/GBP fails to reclaim 0.84695, we anticipate a drop toward the next major support at 0.83270, offering a high-risk-reward opportunity for sellers.
Short
by GODOCM
1
EURGBP Potential correctionThe EURGBP market recently tested the November high, creating a false breakout on the 4-hour timeframe after sweeping liquidity above the 0.84500 level. Following five consecutive bullish days, a retracement may be on the horizon. Despite the price continuing to register higher highs, a bearish divergence has emerged, signaling a potential loss of upward momentum. With the market now testing the monthly high alongside this bearish divergence, a downward move from the resistance level and channel border appears likely. The key focus is on the support zone around 0.83710
Short
by RTED_Investing
1
Lingrid | EURGBP shorting OPPORTUNITY from November HIGHThe price perfectly fulfilled my last idea. It hit the target. FX:EURGBP recently tested the November high, resulting in a false breakout on the 4H timeframe after taking liquidity above the 0.84500 level. The market printed five consecutive bullish days, but at this point, we may see some retracement. Although the price has continued to make higher highs, there's a bearish divergence forming, indicating potential weakness in the upward momentum. Given that the market is testing the monthly high with this bearish divergence, I expect a downward move from resistance and channel border. My goal is support zone around 0.83710 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
4
EURGBP - Short SetupMy main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels. In particular case we clearly can see the following context: price swept 1D key liquidity level and left untouched level lower, this indicates on probable distribution Wyckoff range. But to take more statistically probable trades we should wait for some type of lower timeframe confirmation, and in this case we can notice sign of weakness (reaching the middle of the range), so potentially there is a higher probability to see price lower. Your success is determined solely by your ability to consistently follow the same principles.
Short
by Maks_Klimenko
14-1 EURGBP:In the short term we expect the EUR/GBP course to remain around £ 0.8398. This means that the euro remains relatively stable compared to the pound. - ** most important influences **: - ** interest differences **: If the European Central Bank (ECB) increases its interest rates, this can strengthen the euro. At the same time, the interest rate policy of the Bank of England (BOE) remains a crucial factor. - ** Inflation **: The recent developments in inflation figures in both the UK and the EU affect purchasing power and therefore on the exchange rate. - ** Economic growth **: If the UK shows economic growth that is stronger than in the EU, this can support the pound. In the long term (2025 and further) we provide a further weakening of the pound, with a EUR/GBP course that can rise to £ 0.848 in January 2025. - ** most important influences **: - ** Trade and Brexit effects **: The long-term consequences of the Brexit continue to play a role in the UK. Uncertainty in trade agreements can have a pressing effect on the pound. - ** Political stability **: Possible political instability, such as elections or policy changes in the UK, can increase volatility. - ** Sustainable growth and investments **: If the EU becomes more economically attractive for investors than the UK, the euro will perform stronger. Risks for GBP: - Any recession or slower economic growth in the UK can further weaken the pound. - Persistent inflation above the intended purpose of the Boe could put pressure on the British economy. We have inlaid a small buy with a buy series attached to it. The buy starts at 0.842.
Long
by Probeleg
EURGBP Navigating Resistance Levels for a Bullish BreakoutEUR/GBP is currently trading at 0.842, with a target price of 0.852, indicating a potential gain of over 100 pips. The analysis is based on the support and resistance pattern, with the pair currently positioned at a resistance level. A minor retracement or retesting of the resistance is expected at this stage. This retracement is a healthy part of the price movement, allowing the market to gather momentum for the next bullish wave. After the retest, a strong upward trend is anticipated, potentially breaking past the resistance level toward the target price. Traders should monitor this retracement closely to identify optimal entry points. The analysis reflects a bullish sentiment, supported by technical levels. However, proper risk management should be maintained. This trade setup aligns with the principles of technical analysis and trend continuation.
Long
by AndrewsMarket-Mastery