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EURGBP trade ideas

EUR/GBP Trading Signal: BuyAttention traders, Based on a careful analysis of current market conditions, we signal a Buy for the EUR/GBP currency pair. The entry price is set at 0.846, with a Take Profit level at 0.84719333 and a Stop Loss at 0.84394333. Entry Price: 0.846 Take Profit: 0.84719333 Stop Loss: 0.84394333 Our forecast is generated using the EASY Quantum Ai strategy, which employs advanced algorithms and market indicators to predict favorable trading opportunities. Several factors contribute to this signal: 1. Market Momentum: Current trends indicate a bullish movement for the EURGBP pair due to macroeconomic factors and recent market sentiment data. 2. Technical Indicators: Key indicators, including moving averages and RSI, show strong buy signals, suggesting that the positive trend will continue. 3. Fundamental Analysis: Recent economic reports from the Eurozone have been more favorable compared to those from the UK, adding strength to the Euro over the Pound. Stay vigilant and adhere to the defined Stop Loss to manage risk. This signal is based on the latest data and incorporates insights from proven trading strategies. Happy trading! Best regards,
Long
by ForexRobotEasy
EURGBP POTENTIAL SHORT OPPORTUNITYHello Everyone! How are you all? EurGbp is a pair to watch this week, because it is shaping up very nicely for a bearish trend continuation that we can capitalize on. So, I will be looking for a bearish continuation because of the following reasons: 1. The trend is bearish. 2. The price has formed a continuation structure and it has approached the value area. Game Plan: If the price makes a bearish impulse followed by a 15mins flag with two highs and lows. Entry : will look for a risk buy entry within the flag or a reduced risk entry on the breakout of the flag.
Short
by DTreasureMarketHub
EUR/GBP Loitering South of Resistance Ahead of Eurozone CPI DataAhead of today’s eurozone CPI inflation report (9 am GMT), the EUR/GBP cross is approaching an interesting resistance level of £0.8500. What makes this level a worthwhile watch is that the base is complemented by several additional resistances. These resistances include the potential ascending resistance line, drawn from the low of £0.8493, which, as you can see, is nestled just north of the noted horizontal resistance level. You will also note that we have a resistance area at £0.8533-£0.8500, as well as an AB=CD resistance at £0.8513 (depicted by a 100% projection ratio) that’s closely shadowed by a 38.2% Fibonacci retracement ratio and a 50.0% retracement ratio at £0.8521, respectively. Supporting a reaction from the technical confluence between £0.8533 and £0.8500 is the trend. The overall bias has been to the downside since late 2023, with defined lower lows and lower highs being seen since April this year.
Short
by FPMarkets
EUR/GBP Simple Trading Plans, Technical/Fundamental AnalysisEUR/GBP has ranged for a significant period of time between 0.935 and 0.835, measured with an avg high/low. Historically for this period there has been no enormously outlying difference between the demand for either currency, hence this range. Going forward, we can use these areas and our knowledge of current sentiment to judge future entries. This must include both a technical and sentiment bias approach.
by WillSebastian
2
Geopolitical Jitters?We’ve seen the euro plummet this week but is the move an overreaction to the geopolitical events currently taking place in Europe? With the snap election in France and the rise of the far right in Germany along with the recent rate reduction from the ECB are we now starting to see the cracks emerge? Personally, I think not. Whilst the EU may have its challenges ahead, so does every other economy, and I don’t really see the UK dodging any bullets in this regard. With flat gdp growth and rising unemployment I think the UK has its own challenges. Let’s not forget the expected change in government due on the 4th of July. Markets are anticipating a reduction in rates from the BoE as early as the summer and so I think this recent break of support is likely an overreaction. Since q4 22’ we’ve seen the price moving within the confines of a large falling wedge (yellow) and at present it seems to have settled near the bottom end of the range. We are also starting to see divergences develop between price action and the indicators, with the daily starting to enter oversold territory. I expect support will be found anywhere between 0.8340 - 0.8400 (grey) but as most retail traders seem to be long I’m anticipating that the price may still have some more to drop before we see any meaningful rise. That being said, I’m still reaffirming my stance on short-term long trades, maybe I’ve missed the boat already but I doubt it. In any case, I’d rather be right and miss it than enter and be wrong. I’ll update if the price enters my poi but for now I’ll wait for confirmation. Trade safe.
Long
by jamesfrench73
4
EURGBP / Critical Volume Signals and Key Price LevelsTechnical Analysis: EUR/GBP (4H Chart) Current Price Action: The EUR/GBP pair is trading around 0.84722, near the pivot line at 0.84915. Key Observations: 1. Primary Support and Resistance Levels: Primary Support Line (Monthly): 0.83977 Primary Support Line (Yearly): 0.83393 Resistance Line: 0.85728 2. Supply Zone: - A sensitive decision area characterized by high volatility is identified around 0.85204 to 0.85394. 3. Support and Resistance Areas: Secondary Support Area: Around 0.84265 Resistance Area: Around 0.84915 to 0.85204 Scenarios: Bullish Scenario: Breakout Above Pivot Line: If the price can break and sustain above the pivot line at 0.84915, it could aim for the resistance area around 0.85204. A further breakout from this level could see the price move towards the supply zone and potentially higher towards the resistance line at 0.85728. Support from Rising Trend Line : The ascending trend line providing support suggests continued bullish momentum if it holds, potentially pushing the price higher. Bearish Scenario: Failure at Pivot Line: If the price fails to break above the pivot line at 0.84915, it could retreat towards the secondary support area around 0.84265. Downside Targets: Sustained bearish pressure could push the price further down to the primary support lines at 0.83977 and 0.83393. Today's Expected Trading Range: - The anticipated trading range for today is between the support level at 0.84265 and the resistance level at 0.85204. Pivot Line: 0.84915 Resistance Levels: 0.85204, 0.85394, 0.85728 Support Levels: 0.84655, 0.84576, 0.84265 Summary: - The EUR/GBP pair is currently at a critical juncture near the pivot line. A breakout above this level could signal a bullish continuation towards higher resistance levels, while failure to hold this level could see a decline towards key support areas. The next week's direction will be heavily influenced by the price action around the pivot line and the supply zone. Direction for the Next Week: Bullish Direction: Likely if the price breaks and sustains above 0.84915 and moves past 0.85204, targeting 0.85728. Bearish Direction: Possible if the price fails to break the pivot line and drops below the secondary support area at 0.84265, targeting 0.83977 and potentially lower to 0.83393. ------ There is also... Analysis Based on Volume Order Book (Expo) for EUR/GBP (4H Chart) The Volume Order Book (Expo) on the EUR/GBP 4H chart provides insights into the liquidity and potential price movement based on the distribution of orders. Here's a detailed analysis: Key Observations: 2.High Volume at 0.84915: There is a significant volume of 11.458M at the price level of 0.84915, which acts as a strong pivot point. This indicates that a lot of trading activity and interest is concentrated at this level. 2.Volume Clusters: Above Current Price: There are notable volumes at 0.85204 (5.866M), 0.85394 (4.434M), and 0.85728 (5.857M). These levels act as resistance where selling pressure might be strong. Below Current Price: There are significant volumes at 0.84655 (3.426M), 0.84576 (2.918M), and 0.84265 (2.647M). These levels act as support where buying interest is likely to be strong. Directional Bias: Bullish Indicators: Pivot Line Strength: The large volume at 0.84915 suggests that if the price can break and sustain above this level, it may indicate strong bullish momentum. Support Levels: The accumulation of buy orders below the current price indicates strong support around 0.84655 and 0.84265, which can provide a solid base for upward movement. Bearish Indicators: Resistance Levels: The substantial sell orders above the current price at 0.85204 and 0.85728 suggest that the price may face significant resistance, potentially limiting the upside.
Short
by SroshMayi
Lingrid | EURGBP pullback TRADEFX:EURGBP is currently trending within a downward channel, and the price has made a retracement towards the resistance level after bouncing off the support level and experiencing an impulse leg down. To short the market, I'll look for a fake breakout of the resistance zone. If this occurs, I expect the price to drop down, taking liquidity above the recent psychological level at 0.85000. My goal is to support levle at 0.84065 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
2
BUY EUR/GBP at market .8460 (again!!!)Ever since this pair opened with a gap (see chart) on the 24th June, I've been BUYING this pair in anticipation of the gap closing. Markets hate gaps and will try to close them. Usually when a pair open with a gap when the markets open, the gap is closed and then price will continue in the same direction as the gap. Examples of this can be seen on EUR/USD and EUR/CAD, both of whom opened with a gap. With both these pairs, the gapwas closed and price then dropped. I expected EUR/GBP to follow this pattern but it has yet to close the gap after 3 weeks of trading. As can be seen by the channel drawn, EUR/GBP remain in an uptrend. WR1 (weekly Resistance 1) at .8471 remains an obstacle to EUR/GBP BULLS. This level has been reached 3x this week and each time the price has reversed. I've closed my LONGS whenever the price hit WR1 and opened a position SHORT once it was confirmed that WR1 was holding. I'm back in LONG on this pair with STOP under the lows and under the 200 EMA on H1. Target is the closing the gap at .8490. It seems unlikey we will get anywhere near .8490 today and news at 13:30 is unlikely to move this pair much (US Core PCE Price Index).
Long
by forextraplaces