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EURGBP trade ideas

EURGBP: Ready for another bearish move?EURGBP: Ready for another bearish move? We can see two different corrections on the EURGBP chart. Lately it moved in very strange ways but it looks like is getting back to normality. EURGBP is about to breakout from the second correction and the chances are that it can begin a bearish movement as well. The first support and target zone will be found near 0.8370 and 0.8330 You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Short
by KlejdiCuni
1
EURGBP // LONG-TERM SHORTThis trade might take months and years. Long term target is at 0.72 Analysis: The failure of the Eurozone could lead to significant instability and potential breaks in the euro currency, which would have far-reaching consequences for exchange rates, including the EUR/GBP pair. Here's how this might happen and why the EUR/GBP might fall again: Economic Divergence: Significant economic divergence among member states can cause friction and weaken the economic cohesion of the Eurozone. Some countries might face severe recessions while others grow, leading to imbalances. Political Tensions: Rising nationalism and anti-EU sentiments could lead to political instability. Member states might question their participation in the Eurozone, leading to uncertainty and weakening the euro.
Short
by TickmanX
EURGBP shorting ideaHello all Price has broke the low on JUN 10th and made a new double bottom. What I can see now is a retracement back to the discounted area to drop lower. Now we have to carefully monitor price to make a LTF flip as a confirmation. If price creates high above 0.84728. We might see a continuation to the up side. But to be sure we need have a full body closure. This pair has lots of spikes in previous movements. SL & TP you can see from my image obviously, I won't make any details here. Please trade on your own risk. Good luck
Short
by Badi_Gunnars
3
EURGBP Bank Money heist Plan in Bullish DirectionMy Dear Robbers / Traders, This is our master plan to Heist EURGBP Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned 2 target in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
Long
by Thief_Trader
EURGBP Trading Signal: BuyAttention traders! Based on the latest analysis from our EASY Quantum Ai strategy, we have identified a promising trading opportunity for the EURGBP currency pair. Direction: Buy Enter Price: 0.84592 Take Profit: 0.84713333 Stop Loss: 0.84396333 Why this recommendation? 1. Economic Indicators: Recent economic data from the Eurozone has shown signs of improvement, with key indicators such as GDP growth and manufacturing output beating expectations. This suggests stronger economic fundamentals supporting the Euro. 2. Technical Analysis: The EURGBP pair has been showing a strong bullish trend with significant support levels being maintained. The current price action indicates a potential continuation of this upward movement, which aligns with our strategy. 3. Market Sentiment: Sentiment analysis reveals a positive outlook for the Euro against the Pound, partly driven by uncertainties around UK’s economic policies post-Brexit, making the Euro a more attractive option for investors. Stay vigilant and monitor the market to ensure your trading strategy aligns with the latest market movements. Happy Trading!
Long
by ForexRobotEasy
7
EURGBP15-Minute Chart with Autobot Trading Signal Chart Overview: The chart displays the price movement of the Euro against the British Pound (EUR/GBP) on a 15-minute timeframe. • Indicators Used: • Autobot Trading Signal Generator: This indicator is highlighted at the top left of the chart. • Pro Signal by Autobot: Another indicator is highlighted next to the first one, also at the top left of the chart. • Price Movements: The candlesticks represent the price changes in the EUR/GBP pair over each 15-minute interval. Green candles indicate price increases, while red candles indicate price decreases. • Trading Signals: • Buy Signals: Green labels marked “Buy” appear at various points where the indicators suggest buying opportunities. • Sell Signals: Red labels marked “Sell” indicate selling opportunities as suggested by the indicators. • Trend Line: A blue line represents the moving average, indicating the overall trend direction over the selected period. • Text Highlight: A message in the middle of the chart states, “These 2 Indicators combine is MONEY,” suggesting that the combination of the two indicators is highly profitable.
by knowledgejoe
EurGbp could drop hard and test 0.8From a fundamental standpoint, given the political problems in the EU, the GBP is expected to outperform the Euro, regardless of what happens with the major pairs (EUR/USD and GBP/USD). This, combined with the technical outlook, could create a promising selling opportunity for EUR/GBP. As shown in the chart, the pair broke a major support level this week. Considering the descending triangle pattern that has contained EUR/GBP since late January, we could see an acceleration to the downside, potentially leading to a 400-pip drop to test the 0.80 psychological support. My strategy is to sell on rallies.
Short
by Mihai_Iacob
1
EUR/GBP breaks down amid EU political uneaseSentiment in Europe remained pessimistic for the second consecutive day. Concerns about the continent's political future were underscored by the EUR/GBP reaching its lowest level since August 2022, alongside a sharp decline in French bonds and stocks. The yield on the benchmark 10-year French bonds increased by another 10 basis points as bond prices fell for the fourth straight day. EUR/GBP breaks down Given the breakdown in the EUR/GBP below key support around the pivotal 0.85 area, I will be monitoring for a potential ret-test of this area from underneath in the days ahead, before the trend potentially resumes. Specifically, the area between 0.8480 to 0.8500 is now the most important resistance zone to watch for a potential trade. Why are traders so concerned about EU’s political situation? Investors are hesitant to buy into the latest dip due to the uncertainty surrounding the potential coalition government that could be led by President Macron and far-right Prime Minister Jordan Bardella. Additionally, the European Commission is expected to place France in an Excessive Deficit Procedure next week, raising concerns about France's fiscal sustainability and adherence to EU fiscal rules, adding further risk to the markets. While European politics and their economic impact evolve gradually, the European elections suggest a future focus on border security and industrial policies, potentially shifting EU cooperation towards more domestic agendas. So far, sovereign debt tensions have been mostly confined to France, but today, we've seen minor turmoil spreading to a few southern European countries. A rightward shift across Europe could heighten market uncertainty, making Europe less predictable and attractive to investors. It is crucial for European and national leaders to address these concerns promptly. Written by Fawad Razaqzada, market analyst at FOREX.com Follow me on twitter: x.com
by FOREXcom
EURGBPBroke structure on the daily, therefore currently traiding the daily pull back Structure invalidation to the upside on H1 AOI on H1 OB,entry after SIP confirmation on LT TP: targeting H1 previous High Remember: -Every moment is unique -Anything can happen -There is a random distribution between wins and losses in an given set of variables that define an edge -You don't need to know what's gonna happen next in the market in order to make money -An edge is nothing but an indication of higher probability of one thing happening over the other. -
Long
by thiwani
2
EUR.GBPFrom July 10, 2023, the price of 0.8500 was under the pressure of the sellers, and finally, after hitting the support area of ​​0.8500 several times, after 11 months, this support surrendered to the sellers. We will expect more short from the closing of daily candle below this area, and on the other hand, due to fundamentals, if the price rises above 0.8500, we can look for a suitable place to buy in the lower time forms, and if such an opportunity arises, we will update again.
by JBKONLINETRADING
2
EURGBP eyes support ahead of UK CPI printEURGBP initially began the year in a fairly well-defined trading range but showed bullish impetus after breaking out of the consolidation pattern. However, bullish momentum appeared lacking, as the pair struggled to maintain a steady directional move and has since shown a penchant towards mean reversion. 0.8635 proved too high to handle for the pair previously but the most recent bullish advance fell short of that, finding resistance around the 200-day simple moving average (SMA) before heading lower. The current spate of selling is showing signs of fatigue as the pair attempts to trade higher after four successive days of losses. The pair could find itself propped up by trendline support, which caught the bottoms in April and earlier on in May. Keep an eye out for UK CPI tomorrow where there is an expectation of a notable move lower from the prior month. With such optimism, comes the potential for disappointment if the actual data fails to reach the low levels anticipated which may see sterling lift in the moments after the print. April data has the potential to surprise to the upside as this is the month when annual price rises and index-linked increases are implemented. On the other side of the equation, if the CPI data prints inline or lower than consensus estimates, EURGBP may rise off support as markets clear the way for a Bank of England cut sooner rather than later.
by Xayah_trading