EURGBP ShortsLook for EURGBP Shorts going into BOE Rates decision, looking for shorts between 0.8472-0.8479 - the gap that is yet to be filled since Macron's snap election call on 9th June.
EURGBP trade ideas
Long EURGBPsetup inverted head shoulder, i expect today BOE will cut rates, will buy before the news if the price didnt reach my targeted entry order..
Lingrid | EURGBP bearish TREND. ShortThe price perfectly fulfilled my last idea. It hit the target. FX:EURGBP is currently trading within a descending channel, and after testing the support level and making an impulse leg down, the price has pulled back towards the resistance zone and trendline. I believe that given the bearish major trend on the daily timeframe, it's likely that the market will continue to move downward. The price is currently near the resistance zone and trendline, which suggests that it may struggle to break through these levels and maintain its downward momentum. My goal is to support at 0.84200
Traders, if you like this idea or have your own opinion on this matter, write in the comments. I will be glad 👩💻
EUR/GBP Struggling to Find Grip at Support
The EUR/GBP cross recently shook hands with support made up of Fibonacci ratios between £0.8408 and £0.8434 (consisting of 78.6% and 88.6% retracement ratios and a 1.618% projection ratio). While buyers have attempted to make a stand from the aforementioned area, the trend has largely favoured bears since November’s top (2023) at £0.8766. A clear descending resistance also warrants attention overhead that may discourage buying, extended from November’s peak.
Given the current structure/trend, traders (and investors) may watch the descending resistance – as well as resistance marked above at £0.8500 – for selling opportunities over the coming weeks.
EURGBP
EUR/GBP is showing a bullish trend on the daily timeframe, as it follows a descending channel and has completed the Elliott Wave 12345 pattern. Currently, the price is in the ABC correction phase. A buying opportunity arises after a breakout above the descending trendline, targeting the key resistance level and the descending channel's resistance trendline.
EUR/GBP Trade Signal: Direction - SellDear Traders,
Based on our analysis using the EASY Quantum Ai strategy, we have identified a compelling SELL opportunity for the EUR/GBP currency pair. Here are the specific details for this trade signal:
Enter Price: 0.84494
Take Profit: 0.84388333
Stop Loss: 0.84622333
Our projection is founded on several key factors:
1. Technical Indicators: Recent technical analysis indicates a bearish trend, as observed by moving averages and momentum oscillators. The Relative Strength Index (RSI) is showing signs of downward momentum, suggesting selling pressure is likely to continue.
2. Economic Data: Recent economic reports from the Eurozone have been less than favorable, including lower than expected GDP growth and industrial production numbers. In contrast, the UK economy has shown relative stability, which bolsters the Pound.
3. Market Sentiment: Market sentiment favors a strengthening GBP due to potential interest rate adjustments by the Bank of England. This has been causing investors to shift towards GBP, adding selling pressure on EUR/GBP.
4. Geopolitical Factors: Uncertainty around Eurozone financial policies and Brexit developments continue to create an environment where EUR may weaken relative to GBP.
Please note: This forecast is created using the EASY Quantum Ai strategy, which incorporates advanced algorithms and real-time data to optimize trade decisions.
We encourage you to manage your risk appropriately and use the provided Stop Loss and Take Profit values to ensure disciplined trading.
Happy Trading!
EUR/GBP Trading Signal: Buy RecommendationDear Traders,
We have identified a promising trading opportunity on the EUR/GBP currency pair utilizing our EASY Quantum Ai strategy. Please find the detailed signal information below:
Direction: Buy
Enter Price: 0.84467
Take Profit: 0.84575333
Stop Loss: 0.84329333
Justification for the Prognosis:
1. Technical Analysis: Our EASY Quantum Ai strategy has identified a bullish trend based on key technical indicators such as the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI). These indicators signal a potential upward momentum.
2. Support and Resistance Levels: The current entry price is positioned comfortably above a significant support level, adding to the confidence in upward movement. The recommended take profit level is aligned with the next resistance zone, providing a target within achievable reach.
3. Market Sentiment: Sentiment analysis from market participants reveals a growing bullish outlook on the EUR against the GBP, influenced by recent economic data and geopolitical factors affecting the EUR zone positively.
4. Volatility Index: The market volatility is within a manageable range, providing an optimal risk-reward ratio for this trade setup.
To summarize, our EASY Quantum Ai strategy suggests a Buy position on EUR/GBP at 0.84467, with a take profit target of 0.84575333 and a stop loss at 0.84329333.
Happy Trading!
Best Regards,
Your Trading Analysis Team
Bullish counter pullback after sweep of Liquidity.Even though we have an indication for counter bullish pullback fractal MSS is often weak and not respected most of the time but since this is in the daily time frame it does hold some weight to it and there will be enough opportunity to trade intraday trades.
EUR/GBP 1-hour chart analysis: Regression trading strategy usingDownward channel: The price fluctuates within the downward channel, showing a downward trend.
Rebound point: The price rebounds near the upper boundary of the channel and continues to fall.
Trading strategy: Regression trading strategy: Look for short opportunities when the price approaches the upper boundary of the downward channel. The stop loss can be set above the upper boundary of the channel, and the target price can be the lower boundary of the channel or a lower support level.
UK Inflation Target Hit, Sterling Up (Short-Term?)
British pound strengthens against euro and dollar after inflation dips to Bank of England's target.
* UK inflation fell to 2.0% in May, meeting the BoE's target for the first time in nearly three years.
* This news sparked a modest rally in the pound, with GBP/EUR rising to €1.1860 and GBP/USD reaching $1.2727.
* However, services inflation remains high, prompting speculation that the BoE may hold off on interest rate cuts despite falling headline inflation.
* Market expectations for an August rate cut have softened to around 36%, down from 55% before the inflation data.
* The Bank of England is expected to maintain interest rates at its meeting on Thursday.
Future movement of GBP likely hinges on upcoming UK data:
* Wednesday's release of June CPI data could further weaken the pound if it confirms expectations of persistently high services inflation.
* The BoE's monetary policy decision on Thursday is also a key event, with limited forward guidance potentially disappointing GBP investors.
Euro subdued by lackluster German economic data:
* The euro showed little reaction to Germany's latest Zew economic sentiment index, which missed forecasts.
Overall, the outlook for GBP remains uncertain. While lower headline inflation provided a temporary boost, concerns about sticky services inflation and the BoE's monetary policy stance could weigh on the pound in the coming days.
EURGBP shortGBP after the release of inflation strong movement in the direction of , pattern head and shoulder
Possibility of changing the trend It is expected that the corrective trend will end at the specified support levels and then a reversal will take place. Then the beginning of the upward trend will be likely.
If the price crosses the 78.6% level, the downward trend will continue
EURGBP BBMA Strategy
BASED ON ZZL
TF2 sell rejectEMA50 - (Reentry sell Day) MA High (4pips)
TP Ma Low H4 - ADR
SL EMA89
EURGBP LONGPattern inside a pattern(descending channel inside a descending channel) shows a potential bullish reversal.
EURGBP BUY ,THEN SELLEURGBP technically has break the Resistance level which now become a new SUPPORT. Target TP at the possible SELL ZONE in which we can see a FRESH BASE. For price to move further down, it has to break the new SUPPORT.
EURGBPThe pair has broken the market structure amidst a major divergence in momentum. 0.85000 level is the next favorable level for price to rally to short term. Take long position as shown in the image.
EURGBP-Bullish reversalThe pair is bullish and have formed HL and is on way to break its previous HH. After this confirmation entry can be taken at break of this with SL below the previous HL. Bullish divergence on RSI is showing the trend is in reversal and may continue.
EURGBP is approaching a significant resistanceHey Traders, in tomorrow's trading session we are monitoring EURGBP for a selling opportunity around 0.84900 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.84900 support and resistance area.
Trade safe, Joe.
Short trade
11th June 24
7.00am
London Session
Structure - Day TF
Entry - 1Hr TF
Entry 0.84239
Profit level 0.83423 (0.96%)
Stop level 0.84597 (0.43%)
RR 2.33
Sell side
EURGBP - Basic Fibo Retracement Basic fibo reversal trades based on 2 entries, one from 0.5 level and one from 0.618
Closing the Gap on EUR/GBPIn this trading setup, I aim to capitalize on the potential for closing the price gap on the EUR/GBP pair by using key pivot points and support/resistance levels. Here's the plan:
Buy Limit at Pivot Point (PP):
Entry: Buy at the Pivot Point (PP).
Take Profit: 0.84630
Take Profit 2: 0.84890
This trade aims to capture the bounce off the PP and the move up to R1.
Buy Limit at Support 1 (S1):
Entry: Buy at Support 1 (S1).
Take Profit 1: 0.84380 (Pivot)
This trade aims to capture a deeper retracement to S1, expecting a reversal up to PP.
Sell Limit at Resistance 2 (R2):
Entry:0.84890 (R2).
Take Profit: 0.84630 (R1)
This trade anticipates a rejection from R2, capitalizing on a potential downward move from this resistance level.
This strategy leverages key technical levels to position for potential market movements, aiming to close the price gap and capture gains from both upward and downward price actions.
