Bearish scenario on EURGBPBased on the chart on H1 timeframe , a bearish movement is possible but I prefer to set my order and wait to see if it activated. You can follow me to have access to my future charts, updates and trades. Good luck! Shortby Brian_Philips3
EURGBP - Bullish Descending TriangleTheoretically a bullish Reversal pattern but could indicate a strong bearish continuation if it fails. Decreasing volatility as EUR news approaches could precede a powerful release of momentum by fugutrader2
Potential Long I can see the potential long position of this pair, as we see the price moving within the range and forming the bearish crab.Longby RaphaelUpdated 1
EURGBP buy, 2hrLast week EURGBP failed to buy. It fell to our support to get more momentum to push up. The support gave us three touches and went back up to the resistance at 0.84300 and crossed our neck line to confirm the double bottom. It then came back to retest the previous resistance making it a support to confirm the bullish momentum. Longby AnalysisExpert118
EURGBPhi everyone here is major trend (H4) from down trend, and now the price break the resist !!! so , i guessssssss this trend will change! this is a basic technical analysis, but still work ! when we took a Long position. the risk : reward so interesting disclaimer i just share what i see and what i know do you own analysis this is not a signal be smart thanksyouLongby dorissim221
EURGBP double bottom support and neckline breakEURGBP is taking double bottom support and breaked its resistance and is now on its support levelLongby ayushpanchal921
Possibility of uptrend Considering the behavior of the price in the resistance range and the resistance trend line, the continuation of the upward trend is likely. If the price crosses the previous floor, the continuation of the downward trend is likely Longby STPFOREX0
Bearish drop?EUR/GBP has reacted off the pivot and could potentially drop to the 1st support which is a pullback support. Pivot: 0.84419 1st Support: 0.84164 1st Resistance: 0.84589 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.Shortby ICmarkets119
EURGBP Potential Reversalwe can see a clear bearish channel has broken the trendline, a sign of reversal, bullish trend is likely to happenLongby Nathanael_FX0
Sweep, Break, Inducement.Expecting price to come back and sweep the last low(external liquidity), tap into my POI and continue to the upside (Bullish). Longby Thatyorubaguy221
EUR/USD Short and EUR/GBP ShortEUR/USD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of interest. • If 3 touch 5 min continuation or 2 touch 5 min continuation with 3 touch structural approach, reduced risk entry on the break of it. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it. EUR/GBP Short Minimum entry requirements: • 1H impulse down below area of value. • If 3 touch 5 min continuation or 2 touch 5 min continuation with 3 touch structural approach, reduced risk entry on the break of it. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it. Short20:00by StewySongsUpdated 116
EURGBPWe looking for short term sells while the markets are in an overall bullish momentum preparing those impulses to the upside after the correctionLongby officialpotego_fx112
EUR-------GBP_-------shortTrend is making lower low and lower high after taking retracement from Fib 0.5 level trend continue its bearish trendShortby ali110020
EURGBP FOREX 1H TIME FRAME DATE 7/28/2024Sentiment Analysis (July 27, 2024): Intraday Sentiment: 48% bearish, 52% bullish Daily Sentiment: 81% bearish, 19% bullish Overall Sentiment: The sentiment indicates a stronger bearish bias, suggesting a potential for selling EUR/GBP. Upcoming Economic Events and Trading Recommendations: Monday, July 29, 2024 10:30 AM ET - UK Mortgage Approvals Expectation: 63.50 Thousand Recommendation: Sell EUR/GBP 12:00 PM ET - UK CBI Distributive Trades Expectation: Retail Sales MoM at 0.40% Recommendation: Buy EUR/GBP Tuesday, July 30, 2024 07:30 AM ET - France GDP Growth Rate QoQ (Preliminary) Expectation: 0.10% Recommendation: Sell EUR/GBP 09:00 AM ET - Spain GDP Growth Rate QoQ (Flash) Expectation: 0.30% Recommendation: Mixed Bias 10:00 AM ET - Germany GDP Growth Rate QoQ (Flash) Expectation: 0.10% Recommendation: Sell EUR/GBP 11:00 AM ET - Euro Area GDP Growth Rate QoQ (Flash) Expectation: 0.30% Recommendation: Sell EUR/GBP 01:00 PM ET - Spain Business Confidence Expectation: 3.00 points Recommendation: Buy EUR/GBP 02:00 PM ET - Germany Inflation Rate YoY (Preliminary) Expectation: 0.30% Recommendation: Mixed Bias Wednesday, July 31, 2024 08:45 AM ET - France Inflation Rate MoM Expectation: -0.60% Recommendation: Mixed Bias 09:55 AM ET - Germany Unemployment Rate Expectation: 5.90% Recommendation: Sell EUR/GBP 11:00 AM ET - Euro Area Inflation Rate MoM Expectation: 0.30% Recommendation: Buy EUR/GBP Thursday, August 01, 2024 08:00 AM ET - UK Nationwide Housing Prices MoM Expectation: 0.4% increase vs. 0.1% market expectation Recommendation: Sell EUR/GBP 09:15 AM ET - Spain HCOB Manufacturing PMI Expectation: 53.30 points Recommendation: Buy EUR/GBP 09:45 AM ET - Italy HCOB Manufacturing PMI Expectation: 49.50 points Recommendation: Buy EUR/GBP 09:50 AM ET - France HCOB Manufacturing PMI Final Expectation: 48.80 points Recommendation: Sell EUR/GBP 09:55 AM ET - Germany HCOB Manufacturing PMI Final Expectation: 49.40 points Recommendation: Sell EUR/GBP 10:00 AM ET - Italy Unemployment Rate Expectation: 7.20% Recommendation: Sell EUR/GBP 10:30 AM ET - UK S&P Global Manufacturing PMI Final Expectation: 51.90 points Recommendation: Sell EUR/GBP 11:00 AM ET - Euro Area Unemployment Rate Expectation: 6.90% Recommendation: Sell EUR/GBP 01:00 PM ET - UK BoE Interest Rate Decision Expectation: 5.00% Recommendation: Sell EUR/GBP Friday, August 02, 2024 08:45 AM ET - France Industrial Production MoM Expectation: 0.90% Recommendation: Sell EUR/GBP 09:00 AM ET - Spain Unemployment Change Expectation: 10.00 Thousand Recommendation: Sell EUR/GBP 10:00 AM ET - Italy Industrial Production MoM Expectation: 0.30% Recommendation: Buy EUR/GBP 11:00 AM ET - Italy Retail Sales MoM Expectation: -0.60% Recommendation: Buy EUR/GBPLongby spacedevil2
EURGBP The Target Is DOWN! SELL! My dear followers, This is my opinion on the EURGBP next move: The asset is approaching an important pivot point 0.8428 Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 0.8418 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK Shortby AnabelSignalsUpdated 112
EURGBP Set To Fall! SELL! My dear subscribers, My technical analysis for EURGBP is below: The price is coiling around a solid key level - 0.8444 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 0.8419 My Stop Loss - 0.8462 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK Shortby AnabelSignalsUpdated 113
EURGBP - All set for a bullish breakout from falling wedgeEURGBP seems to be on course for a bullish break out from falling wedge pattern on daily time frame. The formation of bullish divergence of MACD lends further strength to bullish forecast for coming days.Longby marazzaq620
EUR/GBP Forex Pair Analysis: Key Levels and Market Insights✨ Welcome to my channel. Here, we analyze a new crypto project or Forex pair every day. 📅 Let's dive into today's analysis, focusing on the EUR/GBP pair in the Forex market. 🗂 About the Pair: EUR/GBP represents the exchange rate between the Euro and the British Pound. This pair is heavily influenced by economic policies, political events, and market sentiment in the Eurozone and the United Kingdom. 📅Weekly Timeframe In this timeframe, EUR/GBP has experienced significant movements. Recently, it saw an upward trend reaching a peak, which was a critical supply zone. Following this, the price entered a correction phase with lower volume, suggesting the strength of the previous upward trend. Currently, EUR/GBP is at a support level of around 0.8383 after a correction phase. 📈 If EUR/GBP stabilizes above 0.8515, we can anticipate a bullish momentum potentially pushing the price towards the next resistance at 0.8759. Confirmation of a new upward trend will depend on candle stability above this level. 📉 Conversely, if EUR/GBP falls back into the range between 0.8383 and 0.8515, and stabilizes below 0.8383, it indicates a bearish trend continuation. The next critical support level would be around 0.8246. 📊 In both scenarios, volume analysis is crucial. A healthy trend should be supported by corresponding volume without any divergence. 📅Daily Timeframe 🔍 On the daily chart, EUR/GBP ranged around the 0.8497 level before initiating another downward wave. Currently, there is noticeable bearish momentum, and the price has found temporary support at 0.8437. 🧲 Given the current setup, a stabilization below 0.8437 could signal another bearish wave. On the flip side, if the price moves above 0.8497, it could indicate the start of a bullish trend, targeting higher resistance levels. 📅4-Hour Timeframe 📈 In the 4-hour timeframe, EUR/GBP has pulled back to the SMA99 and reached the resistance at 0.8497. Volume analysis shows a decrease, indicating potential exhaustion of the recent upward movement. 📉 For short positions, the key levels to watch are 0.8497 and 0.8531, where price reactions could provide better entry points. For long positions, critical levels are 0.8437 and 0.8388. RSI Oscillator 💥 The RSI is currently ranging between 41.44 and 50.42 on different timeframes. Breaking these levels could provide confirmation for opening positions. However, always use these levels in conjunction with candle patterns and volume analysis to find the best entry and exit points. 📉 Given the current bearish signals in the daily and 4-hour timeframes, alongside the potential trend change in the weekly timeframe, I am inclined to open a short position. However, this is based on my trading strategy. Each trader should base their decisions on their strategies and risk management plans. ⚠️ Please note that this is not financial advice. I'm simply introducing this project to you, and remember always to do your own research. 🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.by itsparham96111
EURGBP Potential DownsidesHey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.84600 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.84600 support and resistance area. Trade safe, Joe.Shortby JoeChampion8
EURGBP: Breakout & Demand Zone↪️The 📉EURGBP successfully broke and closed above a strong daily resistance cluster and a significant downtrend line. This has created an expanding area of demand. I anticipate a bullish movement starting from the highlighted blue zone with a target of 0.8458.Longby linofx1161625
DeGRAM | EURGBP trend line breakoutEURGBP is moving in a descending channel above the trend lines. The chart broke the trend line and resistance level and reached the 38.2% retracement level. We expect the rebound to continue after consolidation above the resistance. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!Longby DeGRAMUpdated 225