EURGBP trade ideas
EURO-GBP Weekly and Monthly Expiry AnalysisHello Traders, Sharing my analysis for EURO-GBP currency pair for both weekly and Monthly expiry. I have combined demand and supply concept with ICT and provided the real time analysis. Hope this helps.
EURGBP at Critical Juncture: Major Support in Focus
Price is currently testing major support at 0.84108.
A daily close above 0.84339 is needed to confirm a potential reversal.
Key resistance levels to watch: 0.85445, 0.85921, and 0.86242.
Monitor the price action closely for confirmation signals.
EURGBP Reversal - Buy CallThe pair have diverged with rsi and price, and the last LH is about to break. We place the bUY stop at a margin with the last LH to make the trade intact. The trade plan is set, let's hope we get-in and make profit!
Uptrend It is expected that the upward trend will be formed up to the specified resistance range, then according to the price behavior in this range, the continuation of the movement trend will be according to the specified paths.
Potential EUR/GBP reversal toward 0.85The recent price movements in EUR/GBP, combined with its monthly pattern and the approach to a key level around 0.841, strongly suggest a potential reversal toward 0.85 and 0.86.
EURGBPHello everyone, EURGBP chart analysis The price is now approaching a very strong support area that appears to stop this bearish wave since early August. We move to a lower time frame and look for a buying opportunity⬆️
⛔️It is not investment advice, for educational purposes only.
Maximizing EURGBP Returns: 64.83% Probability of TP SuccessThe EURGBP pair is showing promising signs for potential long positions. Recent economic developments are aligning with a bullish outlook for this currency pair.
Key Fundamentals Supporting Bullish Bias
Eurozone Resilience: The European economy has been displaying unexpected resilience, with improving manufacturing data and consumer confidence. This strength could support the euro against the pound.
UK Economic Challenges: The UK faces ongoing economic headwinds, including persistent inflation concerns and slower growth projections. These factors may put pressure on the pound, potentially benefiting the EURGBP pair.
Diverging Monetary Policies: The European Central Bank (ECB) has signaled a more hawkish stance compared to the Bank of England (BoE), which could lead to interest rate differentials favoring the euro.
I plan to utilize probability-based analysis to identify optimal entry points for long positions.
1M:
2W:
Hourly Timeframe:
Euro analysis on news AS you can see mostly euro on the downtrend ,pre market analysis after news how euro will react you can use any strategy for the confirmation
EURGBP | Hidden Bearish DivergenceCurrently, EURGBP is in an uptrend, making new higher highs and higher lows as the price moves upward. However, a double top has formed, and the price has broken the recent low, indicating that the structure is beginning to shift into a downtrend. This suggests the market may soon start printing new lower highs (LH) and lower lows (LL).
Additionally, on the 4-hour time frame, there is a hidden bearish divergence, further indicating a potential trend reversal into a downtrend. The combination of the double top formation and the hidden bearish divergence strengthens the likelihood that the trend will change, leading to the formation of new lower highs and lower lows.
In summary:
1: Current Uptrend: EURGBP has been making higher highs and higher lows.
2: Double Top Formation: Suggests a potential reversal at a key resistance level.
3: Break of Recent Low: Indicates a shift towards a downtrend.
4: Hidden Bearish Divergence: On the 4-hour time frame, confirming the likelihood of a trend change.
5: Expectation: The trend may soon shift to a downtrend, with new lower highs and lower lows likely to form.
These confirmations suggest that while the EURGBP has been in an uptrend, But rejected from its daily supply zone the recent developments point to a possible reversal into a downtrend. It is important to monitor these indicators closely and consider them in your analysis before making trading decisions.
EURGBP: Long Signal Explained
EURGBP
- Classic bullish formation
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Long EURGBP
Entry - 0.8427
Sl - 0.8393
Tp - 0.8482
Our Risk - 1%
Start protection of your profits from lower levels
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DeGRAM | EURGBP downturn in the channelEURGBP is moving in a descending channel between the trend lines.
The price has broken the trend line and now it acts as a dynamic resistance.
We expect the decline to continue.
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Buy OpportinityTrade Idea: Buy EUR/GBP
Entry: 0.84070
1st take Profit: 0.84610
2nd Take Profit: 0.84985
Rationale:
Technical Analysis: EUR/GBP has shown strong Support near the 0.84300 level, with recent price action indicating potential for an upword move.
Resistance Break: A breakout above recent Support suggests Bearish momentum could carry the pair towards the 0.83500 level.
Risk Management: Place a stop-loss according to your risk tolerance and trading strategy, ensuring potential losses are controlled.
Disclaimer: Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The analysis provided is for informational purposes only and should not be considered as investment advice.
Correction It is expected that the continuation of the downward trend will be formed according to the specified paths
If the price stabilizes above the green resistance range, the continuation of the upward trend will be likely
EUR_GBP REBOUND AHEAD|LONG|
✅EUR_GBP is approaching a demand level
So according to our strategy
We will be looking for the signs of the reversal in the trend
To jump onto the bullish bandwagon just on time to get the best
Risk reward ratio for us
LONG🚀
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Potential bullish rise?EUR/GBP is reacting off the support level which is a pullback support and could rise from this level to our take profit.
Entry: 0.84078
Why we like it:
There is a pullback support level.
Stop loss: 0.8382
Why we like it:
There is a pullback support level
Take profit: 0.8454
Why we like it:
There is an overlap resistance level which lines up9 with the 38.2% Fibonacci retracement.
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Potential bullish rise?EUR/GBP is reacting off the pivot and could rise to the 1st resistance which has been identified as an overlap resistance.
Pivot: 0.8412
1st Support: 0.8384
1st Resistance: 0.8453
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EUR-GBP Potential Long! Buy!
Hello,Traders!
EUR-GBP is falling down
But will soon hit a
Horizontal support of 0.8390
From where we will be
Expecting a rebound and
A local move up
Buy!
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Check out other forecasts below too!
EUROGBP BREAISH MARKETAccording to Dow theory series or lower high and lower are more frequent then higher high and higher low so i think it will be a curve but before going to bullish market bears will dominate a little
EURGBPEURGBP is in bearish trend.
Bullish divergence also shown in RSI.
Market sentiment also shows that trend will be bearish from here.
We wait and watch for the breakout of last LH for further confirmation.
EURGBP My Opinion! BUY!
My dear followers,
This is my opinion on the EURGBP next move:
The asset is approaching an important pivot point 0.8422
Bias - Bullish
Safe Stop Loss - 0.8389
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 0.8476
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
EURGBP - Bullish ContinuationEUR/GBP has been trending bullish, consistently forming higher highs and higher lows. A potential buying opportunity is emerging at the 0.382 Fibonacci retracement level, which aligns with a key daily support level, signaling a possible continuation of the bullish trend.
