EURGBP LONGEURGBP is in bullish trend after making double bottom, there is no divergence so it is likely continue up trend.
EURGBP trade ideas
EUR/GBP trading ideaSo we can see that the price has already reversed of the green zone on the chart already. What I am looking for now is for the price to do that thing again and wait for the price to hit the green zone to go long than with a stop loss level just below the level for the chance that we do see a break of the level.
EURGBP Trading Opportunity! BUY!
My dear friends,
Please, find my technical outlook for EURGBP below:
The instrument tests an important psychological level 0.8393
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 0.8420
Recommended Stop Loss - 0.8373
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
EURGBP Bullish Momentum 4H TF (Div, Dow,BOS,Trend Break)EURGBP showing bullish momentum supported by 4H bullish divergence. Price actions shows DOW HH and HL setup with BOS (Break of Structure) also supported by break of falling trendline. Entry is placed 15 pips above previous LH and TP at 1:1 R:R at FIB 78.6%. What do you think, will this setup work?
Note: If you are not comfortable with TP at FIB level 78.6%, you can do TP at 61.80%.
EURGBP is BullishPrice has been in a downtrend for quite some time, however a big bullish RSI divergence has appeared on the four hourly time frame, indicating that bulls might be in control of the price action. Previous lower high is broken, and if the momentum sustains we can expect a bullish rally as per the Dow theory.
Bullish EurGbpCurrently trading at dynamic resistance. Descending trendline observed waiting for break of trendline to the topside for bull orders
Uptrend The price is expected to stabilize above the current support range and then the start of an uptrend.
EURGBP TO MAKE A MASSIVE SELL!!!Ahead of uk retail sales report coming up soon, price currently trades at 0.84155. We May experience a massive drop In price from the current market price.
EURGBP Trade Setup following ECB Interest Rate Decision.Taking a look at the daily tf, price action closed above the last candle where we saw strong rejection following a retest of the descending support.
Today the ECB also left interest rates unchanged at 4.25%.
Even though this is a low risk to reward setup, I believe it has a good chance of becoming a winning trade.
EURGBP Long 1HThe EUR/GBP currency pair is showing bullish momentum on the 1-hour time frame and is forming a mature bullish divergence. Additionally, there is a clear continuation pattern visible, suggesting the uptrend is likely to persist.
EURGBP could continue lower, but perhaps not immediatelyThe European Central Bank (‘the ECB’) left its main rates on hold on 18 July as widely expected. Although participants seem to be expecting one or two more cuts before the end of the year, the central bank itself doesn’t have a clear intention for September’s meeting. The main reason for the ECB’s reservation is that isn’t not clear yet whether inflation is declining quickly enough to justify further cuts when, at least for now, growth isn’t a major concern.
Relative to a major pair, euro-pound has been in a fairly consistent downtrend since late April and touched 10-month lows below 84p on 14 July. As for cable, though, immediate continuation is questionable due to the oversold signal from the slow stochastic. This indicator recently completed a crossover of the main line above the signal line within oversold, suggesting a bounce. ATR has also declined significantly since the middle of last month.
Probably the most important data next week for EURGBP are Wednesday’s German consumer confidence and PMIs. In the absence of any very major releases until national and eurozone-wide GDP on 30 July, the overall downtrend might continue after a possible short-term bounce.
This is my personal opinion which does not reflect the opinion of Exness. This is not a recommendation to trade.
DeGRAM | EURGBP growth in the channelEURGBP is moving in a descending channel between the trend lines.
The chart touched the lower boundary of the channel and then bounced off the support.
We expect the growth to continue in the channel after overcoming the current resistance.
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EURGBP - Forecast Main Refinancing RateForecast Main Refinancing Rate
Opportunity for EURGBP. This setup trading idea is for intraday. >> TAYOR
Risk Factors:
1. Market conditions, unexpected news, or external events could impact the trade.
2. Always use risk management strategies to protect your capital.
EURGBP: Bearish Continuation is Highly Probable! Here is Why:
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current EURGBP chart which, if analyzed properly, clearly points in the upward direction.
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DeGRAM | EURGBP rebound from supportEURGBP is moving in a descending channel between the trend lines.
The price is moving above the lower boundary of the channel and dynamic support.
The chart is above the support level, which has already acted as a rebound point.
We expect a rebound after the support is retested.
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EUR/GBP at Crucial Support - Will It Hold or Break?Alright traders, let’s break down the EUR/GBP 4-hour chart
On this chart, we can see that EUR/GBP is currently in a downtrend, confirmed by the descending trend line and the lower highs and lower lows pattern. The price is trading below both the 21 EMA and the 8 EMA , indicating bearish momentum.
However, there is a consolidation phase happening around the 0.84076 level, where the price seems to be finding temporary support. The key levels to watch are the resistance at 0.84309 and the support at 0.83979. A breakout above the 0.84309 resistance, especially with a strong close above the 21 EMA, could signal a bullish reversal. Conversely, a break below the 0.83979 support could confirm the continuation of the bearish trend.
Given the current market structure, my bias is slightly bearish, but I am open to a potential bullish reversal if we see a breakout above the resistance level.
Long trade Wed 17th July 24
Buyside
7.15am
15min TF Entry
LND Session AM
RR 5.76
Entry 0.83894
Profit level 0.84084 (0.23%)
Stop level 0.83861 (0.04%)
EURGBPWeekly TF
The general picture shows the movement created choch and broke the structure.
After breaking the structure, the price droped to retest the demand zone
However, the price has rejected the zone several times
Now, the posibility of uptrend will signal us by either
4h choch, bos and the retest of the demand zone in that 4h
Because this is a higher Tf needs more patience.
Trade safe
EURGBP: BullishAfter making LL and LH, the instrument is in accumulation phase. Double Bottom with divergence on RSI and MACD at 1 hr time frame suggest bullish momentum. breakout of accumulation box will show bulls strength.
EURGBP: A Trade You Don't Want To MissEURGBP: A Trade You Don't Want To Miss
EURGBP is testing an old weekly support zone that proved to be strong several times.
Usually, we refer to normal support zones to observe the price reaction, but this time EURGBP is near a weekly area.
We have to be cautious at the moment because EURGBP may go down a bit more, but overall should rise from the weekly support zone.
The price tested this area in 2016, 2017, 2020 and 2022.
After the start of the uptrend, EURGBP rose by nearly +400 to +900 pips during the uptrend.
You may find more details in the chart!
Thank you and Good Luck!
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EURGBP DUE FOR A SELL!!Price is due for a massive sell on EURGBP as it currently trade at 0.83876
A sell opportunity is envisaged from the current market price.
We may see a massive decline in price.
Buy AnalysisEUR/GBP Buy Analysis
Trade Idea: Buy EUR/GBP
Entry: 0.8370
Take Profit: Up to 0.84342
Rationale:
Technical Analysis: EUR/GBP has shown strong support near the 0.8370 level, with recent price action indicating potential for an upward move.
Resistance Break: A breakout above recent resistance suggests bullish momentum could carry the pair towards the 0.84342 level.
Risk Management: Place a stop-loss according to your risk tolerance and trading strategy, ensuring potential losses are controlled.
Disclaimer: Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The analysis provided is for informational purposes only and should not be considered as investment advice.
EURGBP Is Approaching A Decent ResistanceHey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.84250 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.84250 support and resistance area.
Trade safe, Joe.
