EURGBP is BullishBulls have assumed control of the price action after the emergence of bullish divergence on four hourly time frame. Previous lower high is broken successfully and if the momentum sustains then we can expect further upside in price action. Targets are mentioned on the chart. Longby Fahad-Rafique1
EUR/ GBP ! 10/31 ! resistance SELL NOW EUR/ GBP trend forecast October 31, 2024 EUR/GBP trades slightly lower near 0.8360 early Thursday in Europe, easing after gains from the previous session. However, the Euro may find support as investors reduce expectations for a large ECB rate cut in December, following stronger-than-expected economic data from the Eurozone and Germany on Wednesday. Focus now shifts to Thursday's release of the Eurozone HICP. H1 resistance - selling pressure exists in this area, besides, today's EUR news data is also predicted by experts to be bad, creating conditions for price to decrease. /// SELL EUR/GBP : zone 1.83780 - 1.83980 SL: 1.84250 TP: 60 - 120 - 200 pips (1.81980) Safe and profitable tradingShortby Moon-ForexAcademy112
EURGBP Bullish Momentum: Key Resistance at 0.84083Hello, OANDA:EURGBP has begun its bullish ascent! While the overall trend remains bearish, it’s now positioned well for additional upward movement. A key resistance level to watch is 0.84083. If the price breaks above and holds at this level, we can expect further gains! TradeWithTheTrend3344 by TradeWithTheTrend33442
Expecting price to continue trending downwards to major supportEntry: 0.86030 TP1: 0.8383 TP2: 0.82 SL: 0.865 There is a good chance price will reverse the medium-term uptrend from this current level and continue the long-term downtrend to our institutional support level around 0.82. Daily RSI well overbought, arrived at weekly 200 moving average, arrived at major resistance level, retesting long-term down trending line level.Shortby CJBlueNortherUpdated 1112
EURGBP The Target Is DOWN! SELL! My dear friends, EURGBP looks like it will make a good move, and here are the details: The market is trading on 0.8342 pivot level. 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 - 0.8320 Recommended Stop Loss - 0.8354 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK Shortby AnabelSignals2
EURGBP to find sellers at market price?EURGBP - 24h expiry The overnight rally has been sold into and there is scope for further bearish pressure going into this morning. Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end. Preferred trade is to sell into rallies. Selling spikes offers good risk/reward. 20 1day EMA is at 0.8343. We look to Sell at 0.8355 (stop at 0.8375) Our profit targets will be 0.8290 and 0.8280 Resistance: 0.8322 / 0.8340 / 0.8352 Support: 0.8315 / 0.8295 / 0.8280 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.Shortby OANDA115
DeGRAM | EURGBP channel correctionEURGBP is moving in an ascending channel between the trend lines. The price has already reached the upper boundary of the channel and the dynamic resistance level. The chart has fallen under the 50% retracement level. We expect the correction to continue after the retest of the nearest resistance. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!Shortby DeGRAMUpdated 116
Market Analysis: EUR/GBP StrugglesMarket Analysis: EUR/GBP Struggles EUR/GBP declined steadily below the 0.8330 and 0.8325 support levels. Important Takeaways for EUR/GBP Analysis Today - EUR/GBP is trading in a bearish zone below the 0.8350 pivot level. - There is a connecting bearish trend line forming with resistance near 0.8330 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 0.8400. The Euro traded below the 0.8350 and 0.8330 support levels against the British Pound. The EUR/GBP chart suggests that the pair even declined below the 0.8310 level and tested 0.8300. It is now consolidating losses and trading below the 50-hour simple moving average. The pair is now facing resistance near the 61.8% Fib retracement level of the downward move from the 0.8350 swing high to the 0.8298 low. The next major resistance could be 0.8300, a connecting bearish trend line, and the 50-hour simple moving average. It coincides with the 76.4% Fib retracement level of the downward move from the 0.8350 swing high to the 0.8298 low. The main resistance is near the 0.8350 zone. A close above the 0.8350 level might accelerate gains. In the stated case, the bulls may perhaps aim for a test of 0.8400. Any more gains might send the pair toward the 0.8420 level. Immediate support sits near 0.8310. The next major support is near 0.8300. A downside break below the 0.8265 support might call for more downsides. In the stated case, the pair could drop toward the 0.8220 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 FXOpen5
EUR/GBP Daily AnalysisWe are seeing a similar pattern currently to what we saw over July and August this year. Price is in a falling wedge pattern with the MACD showing higher lows (whereas price is showing lower lows). Watch for a break out to the upside.by FusionMarkets4
EURGBP - Idea for a short !!Hello traders! ‼️ This is my perspective on EURGBP. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I want price to make a retracement to fill the imbalance higher and then to reject from trendline. Like, comment and subscribe to be in touch with my content!Shortby Snick3rSD227
EURGBP: Bullish Continuation is Highly Probable! Here is Why: Balance of buyers and sellers on the EURGBP pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the buyers, therefore is it only natural that we go long on the pair. ❤️ Please, support our work with like & comment! ❤️ Longby UnitedSignals112
EUR/GBP BULLS ARE STRONG HERE|LONG Hello, Friends! Bullish trend on EUR/GBP, defined by the green colour of the last week candle combined with the fact the pair is oversold based on the BB lower band proximity, makes me expect a bullish rebound from the support line below and a retest of the local target above at 0.833. ✅LIKE AND COMMENT MY IDEAS✅Longby EliteTradingSignalsUpdated 112
EUR/GBP SHORT Looking into this pair I believe that due to my analysis this shows signs of a clear short incoming. Fundamentals have pointed out that the banks and institutions are long in favour of the GBP which offers higher rates for exchanges, as well as remaining table though its news releases of PMI, Inflation and Employment numbers. The EUR seeming trades well this season over the past 15 years however today this is showing signs that it is declining and no where near the seasons previously. Institutions such as banks and funds as of last Tuesday have repositioned their thesis into the GBP being the stronger suitor and there for have large LONG positions on the GBP compared to the EUR which they have sold off, or shifted their leverage to a mainly SHORT position. Monitor the charts and we could see a nice entry criteria to meet our thesis and short this pair lower. Shortby CLMW-Trading224
EURGBP - Long TradePrice swept liquidity from the inside day bar and broke a market structure. The target will be opposite liquidity pull (Inside day bar high) Keep it simple and consistent =)Longby Maks_KlimenkoUpdated 5
Gaining Accuracy: EUR/GBP Swing Long PlansEUR/GBP at ideal areas for swing longs (may take time). Pair has ranged evenly for 9 years, sentiment case slightly favouring Euro upside.Long02:00by WillSebastian118
EURGBP Poised to Challenge Key Resistance LevelThe EUR/GBP currency pair is emerging from a long phase of consolidation, attempting to break through critical resistance levels driven by shifts in local euro exchange rates. Recently, the pair has shown signs of testing both wedge resistance and consolidation resistance—a potentially bullish signal after a sustained period of price stability. The initial focal point for this breakout is the resistance at 0.8346. Should the bulls successfully defend this level, it could mark the beginning of a more substantial upward move, targeting higher resistance levels between 0.838 and 0.842. This would signal a transition into a “realization phase” for the EUR/GBP, where the price progression aligns more firmly with underlying bullish momentum. Fundamentally, the broader economic landscape remains similar for both the Eurozone and the UK. Both economies face ongoing interest rate adjustments and a shared dependence on the robust dollar. However, subtle differences in sentiment are visible, as the euro shows slightly stronger buying interest among market participants. This positivity toward the euro could underpin further gains for the pair, supporting a bullish outlook if these technical thresholds are breached. Current resistance levels to monitor closely include 0.8346, followed by 0.8384 and 0.842. On the downside, support is established at 0.8316. The currency pair remains within a risk zone where a battle between buyers and sellers is underway. If buyers manage to consolidate above the recent breakout points—particularly above the critical 0.8346 mark—it could affirm a continuation of the upward trend. This consolidation above key resistance may well be the stepping stone needed to initiate a stronger bullish realization phase for EUR/GBP, as buyers seek to capitalize on the favorable technical and local sentiment indicators shaping the market outlook.Longby lonelyPlayer0Updated 4
Check the trend It is expected that after some fluctuation and correction, a trend change will be formed and we will witness the beginning of an upward trend. In this case, it is expected that the resistance range will be broken. If the price crosses the green support zone, the downward trend will continueby STPFOREX0
EG Short - looking to short EG as sellers step in around POC and provide an impulse candle. Shortby Osiris9924
Potential buys on EURGBP Failed to break the last low it made. And thus been making new highs at 4TF, more confirmation can be gathered if it breaks the resistance it's in rn.Longby M_1234-zondo1
EUR/GBP H4 | Falling to 61.8% Fibonacci supportEUR/GBP is falling towards a swing-low support and could potentially bounce off this level to climb higher. Buy entry is at 0.8321 which is a swing-low support that aligns with the 61.8% Fibonacci retracement level support. Stop loss is at 0.8292 which is a level that sits under a multi-swing-low support. Take profit is at 0.8346 which is a multi-swing-high resistance. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.Longby FXCM115
EURGBP → Attempting to break through the resistance.FX:EURGBP is breaking wedge resistance and consolidation resistance after prolonged consolidation. The reason is the change of the local euro rate. If the bulls are able to keep the defense above 0.8346, then in perspective the currency pair will be able to move into the realization phase, which will allow the price to reach 0.838 - 0.842. The fundamental background for both countries is similar. The general course of interest rates reduction and dependence on the growing dollar. But the local sentiment allows pointing to a more positive mood among those willing to buy EUR. Resistance levels: 0.8346, 0.8384, 0.842 Support levels: 0.8316 The price is in the risk zone, where there is a struggle between the participants. The focus is on the buyer. If he can consolidate his positions above the previously broken wedge resistance, then above the consolidation resistance at 0.8346, it will be the beginning of realization. Regards R. Linda!Longby RLinda5527
EURGBP with two probabilities for 10/25/2024EURGBP with a high probability to make the decision for 10/25/2024 ✅️ : 🔸️If the price exceeds the green bar 🟩, with the bar closing in the hour above: there will be a high chance of entering a purchase as indicated in the chart, respecting the day, news and the stop loss. 🔸️If the price exceeds the red bar 🟥, with the bar closing in the hour below: there will be a high chance of entering a sale as indicated in the chart, respecting the day, news, and the stop loss.Shortby Abderrahmane_241
EURGBPRejection from 8 year weekly support level Doubble bottom formation Bullish Divergence Bullish Stance waiting for previous LH to break for EntryLongby itsrohansaeed1