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EURGBP trade ideas

EUR/GBP Day Trading Analysis With Volume ProfileOn EUR/GBP , it's nice to see a strong sell-off from the price of 0.83150 . It's also encouraging to observe a strong volume area where a lot of contracts are accumulated. I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again. Downtrend and high volume cluster are the main reasons for my decision to go short on this trade. Happy trading, Dale
by Trader_Dale
1
Buy OpportunityTrade Signal: Trade Type: Long (Buy) Entry Point: Around 0.82770 (current price) Target: 0.83823 (primary target) Stop Loss: 0.82552 (below immediate support) Risk-Reward Ratio: Approximately 1:3 (favorable based on the chart setup). Analysis: Current Price: 0.82770 (as per the chart). Support Levels: Immediate: 0.82552 Next: 0.82300 (not shown but likely a psychological level). Resistance Levels: Nearest: 0.83198 Next: 0.83816 Potential Upside: The chart indicates a potential rise towards 0.83823, representing a 1.27% gain over the next 10 days. Momentum: The SQZMOM_LB indicator is still in negative (red) territory but might be bottoming out, indicating a potential shift to bullish momentum soon.
Long
by GODOCM
1
Market Analysis: EUR/GBP Faces PressureMarket Analysis: EUR/GBP Faces Pressure EUR/GBP declined steadily below the 0.8340 and 0.8330 support levels. Important Takeaways for EUR/GBP Analysis Today - EUR/GBP is trading in a bearish zone below the 0.8330 pivot level. - There is a connecting bearish trend line forming with resistance near 0.8305 on the hourly chart at FXOpen. EUR/GBP Technical Analysis On the hourly chart of EUR/GBP at FXOpen, the pair started a fresh decline from well above 0.8350. The Euro traded below the 0.8320 and 0.8320 support levels against the British Pound. The EUR/GBP chart suggests that the pair even declined below the 0.8300 level and tested 0.8290. It is now consolidating losses and trading below the 50-hour simple moving average. The pair is now facing resistance near the 23.6% Fib retracement level of the downward move from the 0.8364 swing high to the 0.8289 low. There is also a connecting bearish trend line forming with resistance near 0.8305. The next major resistance could be 0.8330. It coincides with the 50% Fib retracement level of the downward move from the 0.8364 swing high to the 0.8289 low. The main resistance is near the 0.8340 zone. A close above the 0.8340 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. Immediate support sits near 0.8290. The next major support is near 0.8265. A downside break below the 0.8265 support might call for more downsides. In the stated case, the pair could drop toward the 0.8240 support level. 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
1
EUR/GBP Weekly Analysis"On Monthly: Last month November, it makde a Bearish Engulfing Candle and break through S. 0.83400 & 0.82900 and it's going toward Monthly lower trendline and ultimately, to S. 0.81300 historical number. Eventhough EMA 200 is below the price, the 50 and 20 are chasing the price down. -- On Weekly: The Bearish move is strong and continues. All Three EMA, 200, 50 and 20 are above the price. It's going down to touch past 52 Weeks Low after S. 0.82900. --On Daily: It doesn't give much more data than what we know from Monthly and Weekly. All three EMA 200, 50, and 20 are above the price. Price moving toward 0.82900 Historical Support. -- On Hourly: Price is moving down below all three EMAs. It confirms the significant of 0.82900 Historical support as well as 52 Weeks Low (Yellow dotted line). The potential Bearish entry would be 0.83100, if it comes up and touch and get rejectedon the lower time frame."
by Ha-Lion
Bearish drop?EUR/GBP is reacting off the support level which is a pullback support and could drop from this level to our take profit. Entry: 0.8308 Why we like it: There is a pullback support level. Stop loss: 0.8338 Why we like it: There is an overlap resistance level. Take profit: 0.8260 Why we like it: There is a pullback support level that aligns with the 161.8% Fibonacci extension. 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
EURGBP - HTF looks good for short. we closed November with volume in favor of sellers and below POC. Friday's candle can be considered as a good impulse candle, meaning we can look to go short on EG when price pulls back to Friday's VA. and then if the volume holds, we can keep it going till S1. Origin - looks good for shorts. price just needs to pull up to last week's VA which aligns with HTF. price might take a couple of days to settle down but this looks good to initiate short position.
Short
by Osiris992
EURGBP H2 XABCD advanced buy/hold trade setup🔸Hello traders, let's review the 1 hour chart for EURGBP. Speculative XABCD in progress, with PRZ/D set at 8380, so expecting reversal / more gains in EURGBP after we hit C 🔸XABCD structure is defined by point X at 8370, point A at 8310, point B at 8355, point C at 8320, point D/PRZ at 8380, currently most points validated, point D/PRZ still pending, so traders should wait until we hit F before buying. 🔸Recommended strategy for EURGBP traders: wait for pullback/correction to complete at point C near 8320, buy/hold, SL 20 pips, TP1 +30 pips TP2 +60 pips. Final exit at 8380. Low risk trade setup. 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
Long
by ProjectSyndicate
14
EURGBP BUY SETUPKey Observations: Liquidity Zone (Confirmation): The highlighted liquidity area represents a critical zone for confirmation. I need the market to grab this liquidity before validating my long entry setup. Demand Zone: The area around 0.83172 acts as a significant demand zone. This is where buyers have previously stepped in, and I anticipate bullish momentum to emerge again. Key Level at 0.83350: This is an important reaction zone, which could act as the first target for the trade or a consolidation point. Imbalance Fill: The market is currently filling an imbalance (highlighted zone). I’ll monitor for bullish price action once this imbalance is mitigated. Fibonacci Confluence (Premium Zone): My demand zone aligns with a Fibonacci retracement level in my premium area, adding confluence to the long trade setup. Demand in Volume Profile: This demand zone also aligns with a high-volume area in the volume profile, suggesting strong interest from buyers, making this an ideal entry point. Trade Idea: Bullish Bias: Entry Area: Around 0.83172 (demand zone). Target Levels: TP1: 0.83350 (key level). TP2: 0.83650 (higher liquidity zone). Stop Loss: Below 0.83050, to protect against demand zone failure. Risk Management: Maintain a risk-to-reward ratio of at least 1:2. Wait for the liquidity grab and signs of bullish momentum (e.g., bullish engulfing candle or strong rejection wick) at the demand zone before entering. Volume, liquidity grabs, and Fibonacci align perfectly in my EUR/GBP long setup. Do you see the same bullish potential, or do you expect a bearish breakdown? Let’s discuss below!👇
Long
by Safaric
EURGBP - Interest rates will stay high for a long time!?The EURGBP currency pair is below the EMA200 and EMA50 in the 4H timeframe and is moving in its downward channel. In case of a valid failure of the ceiling of the channel, we can see a supply zone and resell within that zone with a reward for the appropriate risk. The breaking of the drawn upward trend line will provide us with the path for the downtrend of this currency pair to the support range. According to expert analysis, President-elect Donald Trump’s commitment to imposing tariffs on imports from Mexico to the United States could have a greater negative impact on European automakers like Volkswagen and Stellantis, as well as their suppliers, than any direct tariffs on European Union goods. Should these tariffs be implemented, significant questions would arise regarding the future of global automakers’ operations in Mexico, particularly European manufacturers. Many companies have established factories in Mexico to take advantage of cheaper labor and proximity to the lucrative U.S. market. In response, some automakers may choose to relocate their production facilities to the U.S., abandoning their operations in Mexico. Bernstein analysts stated in a report to clients that Trump’s tariff threats, if enacted shortly after his inauguration in January, leave little time for automakers and suppliers to adjust to major supply chain disruptions. They wrote: “The consequences of tariffs on imports from Mexico and Canada for U.S. manufacturers are so significant that they do not appear to be merely a bargaining tool.” Similarly, Stifel analysts noted that around 65% of the vehicles Volkswagen sells in the U.S. would lose their competitive edge if tariffs on imports from Mexico were applied. Volkswagen’s largest car plant in Mexico, located in Puebla, produced approximately 350,000 vehicles in 2023, including Jetta, Tiguan, and Taos models, all destined for the U.S. market. While automakers and suppliers are exploring various scenarios, predicting future developments remains challenging due to the uncertainty surrounding final decisions. Nick Klein, vice president of Chicago-based OEC, remarked: “Based on past experience, Trump is likely to use the tariff threat as leverage, but predicting his exact actions is difficult.” Christine Lagarde, president of the European Central Bank, has suggested that the European Union should engage in discussions with the U.S. regarding potential tariffs rather than immediately implementing retaliatory measures. Lagarde reiterated previous warnings about the adverse effects of a full-scale trade war, proposing that the EU could offer to purchase certain U.S. goods as a gesture of willingness to negotiate. She also stated that it is still too early to assess the impact of these tariffs, but if implemented, they might cause short-term inflationary effects. Nagel, a member of the ECB, warned that Trump’s proposed tariffs could increase inflation in the Eurozone, presenting a significant risk. He pointed out that if wage growth slows, upward pressure on prices in the services sector would diminish. He also highlighted that Germany’s economy faces challenges that could lead to a recession in the final quarter of the year, with its economic performance lagging behind the Eurozone average. Philip Lane, ECB Chief Economist, emphasized that restrictive monetary policies should not be maintained for an extended period. In an interview with Les Echos, he advocated for a gradual reduction in interest rates, noting that the rapid rate hikes have curtailed housing investment and encouraged saving over spending. Lane predicted that most inflation targets will be achieved by next year unless new political or geopolitical risks arise. He stressed that monetary policy should not remain excessively restrictive and that further adjustments are needed to achieve stable inflation. Lane also forecasted a rise in consumption during 2025-2026 and called for monetary policy to address both downside and upside risks. Meanwhile, a UBS note revealed that despite stronger-than-expected inflation data in the UK and the Bank of England’s recent rate cut, market sentiment toward the British pound remains bearish. The inflation figures align with BOE Governor Andrew Bailey’s cautious stance, consistent with his recent call for a gradual approach to rate cuts. The BOE’s reduction of the base rate by 25 basis points to 4.75% on November 7 fits within this broader strategy.
Short
by Ali_PSND
What’s Next for EUR/GBP? Wyckoff Clues You Can’t Ignore!!!EUR/GBP Analysis Breakdown 1️⃣ Key Structure Zones Premium Zone (Above Equilibrium): Price is currently testing the premium zone as marked by the 0.5 Equilibrium Level. Significant resistance zones: 0.84473 (Potential Wave 3 completion) and 0.84554 (1.618 Fibonacci projection). The region also aligns with possible liquidity grab zones (Buy Side BSL) where stop-losses of short sellers may be triggered. Discount Zone (Below Equilibrium): The support lies around 0.82594 (Swing Low Zone - dealing range base). If the price falls below equilibrium and liquidity shifts bearish, this would act as the major downside target. 2️⃣ Wyckoff & Internal Structure Accumulation/Redistribution? Current structure reflects Internal Change of Character (CHOCH) and Internal BOS (Break of Structure) as price attempts a higher move from the low near 0.82994. Internal liquidity zones have formed, showing potential for bullish intent as price moves into resistance. Distribution in Premium? Possible Order Flow (H) at the higher levels indicates areas where orders may accumulate to reverse price or reject the uptrend. 3️⃣ Harmonic & Fib Levels Potential Zigzag C-Wave Completion: Price is approaching the 0.786 (0.84071) and 1.236 (0.84102) extensions, signaling a possible corrective wave (Wave C in the zigzag structure). A deeper retracement could hit 1.618 (0.84554), but this would depend on whether internal liquidity holds. Fibonacci Support Levels: The 50% equilibrium level aligns with 0.83124, a critical decision zone for bulls. 4️⃣ Bullish & Bearish Scenarios Bullish Scenario: If price respects Internal CHOCH and the 0.5 equilibrium, we may see a continuation toward 0.84473-0.84554 (Wave 3). Targets would align with Buy Side Liquidity and final resistance zones. Bearish Scenario: Failure to hold Equilibrium (0.83124) could lead to a breakdown below Internal BOS and Dealing Range Low (0.82594). This would confirm redistribution, targeting the 0.82259 low. 5️⃣ Trade Plan Recommendations Long Setup: Entry: Wait for a retrace to 0.83100-0.83200 (discount area). Stop Loss: Below 0.82994 (internal BOS level). Target: 0.84000, then 0.84500. Short Setup: Entry: Look for signs of rejection near 0.84473 or 0.84554. Stop Loss: Above 0.84554. Target: 0.83000, then 0.82594.
by spaceangel
1
EURGBP Will Move Lower! Sell! Please, check our technical outlook for EURGBP. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 0.833. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.828 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1