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EURGBP trade ideas

EUR/GBP Bearish Retest – Downtrend Continuation Below 0.8300Chart Analysis & Trade Setup: The EUR/GBP 2-hour chart highlights a strong downtrend with a descending trendline acting as resistance. The price recently tested a key horizontal resistance zone near 0.8300, rejecting it for a potential continuation lower. Technical Breakdown: 📉 Descending Trendline: The price has respected the trendline resistance, marked by two key rejection points (black and red arrows). 📊 Support Turned Resistance: The previous support near 0.8300 has now flipped into resistance after a breakdown. 🔄 Bearish Retest Formation: Price is expected to retest 0.8300 before continuing the downtrend. 📌 Bearish Outlook: If the price holds below 0.8300, we can expect further downside toward new lows. Trade Plan: ✅ Entry: Consider a short position near 0.8290 - 0.8300 on bearish confirmation. 🎯 Target 1: 0.8220 (Previous low). 🎯 Target 2: 0.8180 (Next key support zone). 🛑 Stop Loss: Above 0.8325, to protect against an invalidation of the bearish setup. Conclusion: EUR/GBP remains in a clear downtrend, with a bearish rejection at 0.8300 acting as a key trigger for further downside. Traders should watch for a clean retest before entering short positions. 📊 Bearish Retest in Play – EUR/GBP Targets Lower Levels! 🚀
Short
by NexusTradesZone
2
DeGRAM | EURGBP retest of the demand zoneEURGBP is in a descending channel, in the demand zone between the trend lines. The price is moving from the lower boundary of the channel and dynamic support, which has previously become a rebound point. The chart has formed a harmonic pattern. Indicators on the 1H Timeframe point to a bullish convergence. We expect growth after the retest of the lower boundary of the demand zone. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Long
by DeGRAM
7
EURGBP USD Set To Grow! BUY! My dear subscribers, EURGBP looks like it will make a good move, and here are the details: The market is trading on 0.8283 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 0.8293 About Used Indicators: The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
Market Analysis: EUR/GBP RecoversMarket Analysis: EUR/GBP Recovers EUR/GBP is gaining pace and might extend its upward move above the 0.8300 zone. Important Takeaways for EUR/GBP Analysis Today - EUR/GBP started a fresh increase above the 0.8285 resistance zone. - There is a major bullish trend line forming with support at 0.8300 on the hourly chart at FXOpen. EUR/GBP Technical Analysis On the hourly chart of EUR/GBP at FXOpen, the pair started a fresh increase from the 0.8265 zone. The Euro traded above the 0.8285 level to move into a positive zone against the British Pound. The EUR/GBP chart suggests that the pair settled above the 50-hour simple moving average and 0.8300. Immediate resistance is near 0.8305. The next major resistance for the bulls is near the 0.8320 zone. A close above the 0.8320 level might accelerate gains. In the stated case, the bulls may perhaps aim for a test of 0.8365. Any more gains might send the pair toward the 0.8400 level in the coming days. Immediate support sits near a major bullish trend line at 0.8300 and the 23.6% Fib retracement level of the upward move from the 0.8275 swing low to the 0.8305 high. The next major support is near the 0.8285 zone. The 61.8% Fib retracement level of the upward move from the 0.8275 swing low to the 0.8305 high is also at 0.8285. A downside break below the 0.8285 support might call for more downsides. In the stated case, the pair could drop toward the 0.8265 support level. Any more losses might send the pair toward the 0.8240 level in the near term. Trade on TradingView with FXOpen. Consider opening an account and access over 700 markets with tight spreads from 0.0 pips and low commissions from $1.50 per lot. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
The Day Ahead 25th Feb ‘25 February Tuesday 25 Data: US February Conference Board consumer confidence index, Richmond Fed manufacturing index, business conditions, Dallas Fed services activity, Philadelphia Fed non-manufacturing activity, December FHFA house price index, Q4 house price purchase index, Germany Q4 GDP detail, EU27 January new car registrations Central banks: Fed's Logan, Barr and Barkin speak, ECB's Schnabel and Nagel speak, BoE's Pill speaks Earnings: Home Depot, Intuit, Workday, Coupang, ASM Auctions: US 5-yr Notes This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
Bearish drop?EUR/GBP is rising towards the pivot and could drop to the 1st support. Pivot: 0.83138 1st Support: 0.82638 1st Resistance: 0.83575 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
Heading into 61.8% Fibonacci resistance?EUR/GBP is rising towards the resistance level which is a pullback resistance that aligns with the 61.% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.8318 Why we like it: There is a pullback resistance level that aligns with the 61.8% Fibonacci retracement. Stop loss: 0.8353 Why we like it: There is a pullback support level that is slightly below the 50% Fibonacci retracement. Take profit: 0.8264 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets