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EURGBP trade ideas

EURGBP Short IdeaWith the Eurozone's GDP growth lagging at 1.0% and inflation staying below the ECB's target, the EUR faces headwinds in Q1 2025. In contrast, the UK's GDP is projected to grow by 1.5%, supported by easing inflation and higher BoE rates of 4.5% compared to the ECB's 3.25%. This monetary policy divergence and stronger UK economic fundamentals favor GBP over EUR. However, watch for dovish shifts from the BoE or global shocks that may lend safe-haven appeal to the EUR.
Short
by BryceAkwo
EURGBP Wave Analysis 17 December 2024 - EURGBP reversed from resistance level 0.8300 - Likely to fall to support level 0.8225 EURGBP currency pair recently reversed down from the key resistance level 0.8300 (former strong support from October) intersecting with the 61.8% Fibonacci correction of the downward impulse from November. The downward reversal from the resistance level 0.8300 continues the active short-term impulse wave (v) from the middle of November. Given the strong daily downtrend and bullish sterling sentiment seen today, EURGBP currency pair can be expected to fall further to the next support level 0.8225 (low of the previous impulse wave i).
Short
by FxProGlobal
EURGBP Wave Analysis 13 December 2024 - EURGBP reversed from support zone - Likely to rise to resistance level 0.8350 EURGBP currency pair recently reversed up from the support area set between the long-term support level 0.8210 (former support from the start of 2022) and the lower weekly Bollinger Band. The upward reversal from the support zone is likely to form the weekly Japanese candlesticks reversal pattern Hammer, if the pair closes today near the current levels. Given the oversold weekly Stochastic, EURGBP currency pair can be expected to rise further to the next resistance level 0.8350.
Long
by FxProGlobal
EUR/GBP - 15 MINS Buy Trading Idea: EUR/GBP Buy Position Analysis Trade Setup Details: Entry Price: 0.82617 Take Profit (TP): 0.82832 Stop Loss (SL): 0.82512 Risk-Reward Ratio (R:R): ~2:1 Technical Analysis and Justification: 1. Key Support Zone and Rejection: The entry at 0.82617 was initiated near a well-established demand zone, where price previously demonstrated strong buying interest. This is validated by the large bullish engulfing candlestick near the base, signaling a reversal from oversold conditions. Rejection Strength: The long lower wick on the preceding candles indicates significant buying pressure and rejection of lower prices, making this a strong support zone. Confirmation: Price quickly rebounded with momentum, aligning with the trade entry near the breakout of the consolidation phase. 2. Momentum Indicators: Dynamic Support from Moving Averages: The price climbed above the moving averages (likely 20 EMA or 50 EMA), confirming the return of bullish momentum. ADR Levels: The setup aligns with the ADR (Average Daily Range), showing enough room for price to hit the TP without overextending into unrealistic volatility levels. 3. Risk-Reward Consideration: The trade offers a ~2:1 reward-to-risk ratio, making it a favorable setup: SL Placement: The stop loss at 0.82512 is strategically placed below the demand zone and the rejection wicks, ensuring protection from minor noise or pullbacks. TP Placement: The take profit at 0.82832 aligns with a prior resistance zone, where price is likely to face selling pressure. This ensures the trade captures the majority of the bullish move. 4. Price Action Patterns: The trade is supported by bullish price action patterns: Engulfing Candlestick: A large bullish candle confirms buyer dominance, creating a breakout from consolidation. Momentum Build-Up: The steady upward price movement suggests continuation toward the TP, especially after reclaiming key intraday levels. 5. Market Context: Session Timing: The trade aligns with momentum generated during a high-volume session (likely London or New York), supporting the breakout and movement toward the TP. EUR/GBP Fundamentals: Potential fundamental factors, such as support for the EUR or GBP weakness, may have added to the bullish bias in the short term.
Long
by tamrobert20
#007 NEW DCA EURGBP SHORT Down Channel ResistanceThe chart shown is on the 4H but it doesn't matter if its on the 1H or 4H. Both time frames show price doing a power move toward the resistance level of the down channel. I have been eyeing on a few pairs that has this down channel thing, one of the other pair is the AUDUSD and GBPUSD, I think. Currently, TP is set at 71cents SGD, or 41.5pips. No I wish, I thought, I hope, I pray. No no no. 0044SGT 13122024 Talk less, even by typing because the more we talk, the more we set ourselves up for failure. 0045SGT 13122024
Short
by ProfessionalDuckHunter
EURGBP Wave Analysis 10 December 2024 - EURGBP under bearish pressure - Likely to fall to support level 0.8200 EURGBP currency pair under bearish pressure after breaking the support zone between the key support level 0.8265 (which stopped previous waves iii, (i) and i) and the support trendline of the Descending Triangle from November. The breakout of this support zone accelerated the active impulse waves 3 and v – which belong to the impulse wave (3) from January. Given the clear daily downtrend, EURGBP currency pair can be expected to fall toward the next support level 0.8200, the target for the completion of the active impulse wave 3.
Short
by FxProGlobal
EURGBP: 1H - Bullish MomentumTechnical Analysis: Trend: EURGBP is in bullish momentum, supported by the breakout of the last higher high (HH). RSI Sync: RSI is aligned with the bullish trend on 1H TF, confirming momentum. Double Bottom: A double-bottom pattern is visible on the 4H timeframe, supported by RSI divergence, further strengthening the bullish case. Entry Strategy: Entry Point: Buy at the breakout of the last higher high (HH) price. Stop Loss (SL): Place below the last low for risk management. Take Profit Levels: TP1: Near-term resistance or structure level. TP2: Next major resistance above TP1 to maximize profits.
Long
by ya_xir
Weekly Analysis - EUR/GBP"On Monthly: Last month November, it made a Bearish Engulfing Candle and break through S. 0.83400. For December, it made a Doja so far and it seems there is a weak Bullish divergence compare to RSI. EMAs are split, 200 shows Bullish while 20 & 50 are Bearish. -- On Weekly: The Bearish move seems is strong and continues. All Three EMA, 200, 50 and 20 are above the price. However, it is inching towards 52 Weeks Low (Yellow Dotted line) after S. 0.82900. However, 0.82900 is a Psychological and Historical number as well as 52WL. --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. However, you can still see the sign of reversal as it created a Hammer candle formation at a very strong Support 0.82900. -- On Hourly: Price is bouncing around 0.82900. Because at the higher time frame we have noticed a Bullish Divergence, price will go up, but not significantly. Perhaps around the neck of Double Top formation (Blue) and nose down back to Daily trendline. "
Short
by Ha-Lion