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EURGBP trade ideas

EURGBP INTRADAY trend reversal breakout The EUR/GBP currency pair is showing a bullish bias, supported by a sustained rising trend and a recent bullish breakout above a prior consolidation zone. Price action has breached the upper boundary of the consolidation range, indicating renewed upside momentum. Key Technical Levels: Support: 0.8450 – Former resistance, now acting as immediate support. 0.8425 – Secondary support in case of a deeper pullback. 0.8400 – Major support and psychological round number. Resistance: 0.8540 – Initial upside target. 0.8560 – Intermediate resistance. 0.8575 – Long-term resistance level. A corrective pullback toward the 0.8450 support followed by a bullish rebound could reinforce the current trend and open the path toward 0.8540 and higher. However, a daily close below 0.8450 would invalidate the bullish scenario and signal further downside toward 0.8425 and potentially 0.8400. Conclusion: The near-term outlook for EUR/GBP remains bullish as long as the pair holds above 0.8450. A successful retest of this level would confirm breakout strength and support continuation toward 0.8540–0.8575. Conversely, a break below 0.8450 would shift the bias to neutral to bearish, suggesting further downside correction. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
Inverse H&S Breakout! EURGBP Eyes Resistance Zone Amid Eurozone EURGBP ( OANDA:EURGBP ) is moving between two Support zone(0.83870 GBP-0.83500 GBP) and Resistance zone(0.8511 GBP-0.8470 GBP) . In terms of Classic Technical Analysis , EURGBP has managed to break the Neckline of the Inverse Head and Shoulders Pattern . I expect EURGBP to rise to at least 0.84911 GBP and attack the Resistance zone(0.8511 GBP- 0.8470 GBP) . ----------------------------------------------------------- EURGBP Fundamental Analysis: 1. Eurozone (EUR) Overview : The Eurozone economy has shown moderate recovery signs after pandemic disruptions. Inflation remains a concern, but the European Central Bank (ECB) is expected to maintain or even tighten monetary policy gradually to combat inflation. Economic data such as GDP growth and industrial production are mixed but generally indicate slow growth. Political stability in the Eurozone is relatively steady compared to the UK. The ECB’s forward guidance leans towards cautious optimism, supporting EUR strength over time. 2. United Kingdom (GBP) Overview : The UK economy faces several challenges, including slower growth prospects compared to the Eurozone. Inflation has been high but the Bank of England (BoE) has been raising interest rates aggressively to control it. Political uncertainties related to Brexit aftermath, trade deals, and fiscal policies have created some volatility. Consumer confidence and retail sales have shown signs of weakness in recent months. Overall, the BoE’s hawkish stance is strong, but economic fundamentals are less robust compared to the Eurozone. 3. Comparative Factors Favoring EUR Long : The Eurozone's relatively better economic stability and growth prospects support EUR strength. UK economic challenges and political uncertainties weaken GBP. ECB’s more gradual tightening approach may prevent shocks, making EUR attractive. Brexit-related trade issues continue to pose risks for GBP. 4. Risks to Consider : Unexpected ECB dovish moves could weaken EUR. Positive UK economic surprises or faster-than-expected BoE tightening might strengthen GBP. External shocks like geopolitical tensions can affect risk sentiment, impacting both currencies. ----------------------------------------------------------- Note: Stop Loss(SL)= 0.84221 GBP Euro/British Pound Analyze (EURGBP), 4-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
11
Keep Trading Binary.....buy or sell? then support your argument All the information you need to find a high probability trade are in front of you on the charts so build your trading decisions on 'the facts' of the chart NOT what you think or what you want to happen or even what you heard will happen. If you have enough facts telling you to trade in a certain direction and therefore enough confluence to take a trade, then this is how you will gain consistency in you trading and build confidence. Check out my trade idea!! www.tradingview.com
Long
by Simply-Forex
Bullish rise?EUR/GBP has reacted off the pivot and could rise to the 1st resistance. Pivot: 0.8451 1st Support: 0.8402 1st Resistance: 0.8539 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
1
The Day AheadEconomic Data Releases: United States: May CPI (Consumer Price Index): Key inflation gauge. Market watchers will scrutinize headline and core inflation figures for Fed policy implications. Federal Budget Balance (May): Indicates monthly fiscal deficit/surplus; relevant for fiscal health and debt trajectory. Japan: May PPI (Producer Price Index): Tracks inflation at the wholesale level. Can provide early signs of price pressure trends. Canada: April Building Permits: A forward-looking indicator for the housing market and broader construction activity. Central Bank Activity: European Central Bank (ECB): Speeches by Philip Lane and Piero Cipollone: Markets will look for any forward guidance or monetary policy clues, especially post-rate decision commentary and inflation outlook. Corporate Earnings: Oracle (ORCL): Q4 earnings; significant due to cloud and AI-related revenue developments. Inditex (ITX.MC): Parent of Zara; important for insights into consumer demand trends in retail and global operations, especially in Europe. Government Bond Auctions: United States: 10-Year Treasury Note Auction: Key for assessing investor appetite for longer-dated debt, influencing yields and broader financial conditions. Other Notable Items: UK Spending Review Analysis Adjustment: Could suggest fiscal policy shifts or re-prioritizations; analysts and investors may reassess UK economic and political outlooks. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
EUR/GBP Bullish Setup – 4H Breakout & Key Level WatchFollowing up on my previous analysis, EUR/GBP has broken out on the 4H timeframe, signaling potential bullish continuation. I’m now watching for a pullback and a 4H candle close above 0.84583 for confirmation before considering a long entry. 📌 Key Level: 0.84583 🕒 Timeframe: 4H 📈 Bias: Bullish (pending confirmation) 📉 Strategy: Breakout → Pullback → Confirmation Entry Waiting for price action to show commitment above the level before entering. Always manage risk and wait for clear confirmation. 💬 Let me know your thoughts below or share your own analysis!
Long
by clintonHFX
eurgbp-h1-longBreak of Trend Line: The price has broken below a descending trend line, indicating a potential shift in momentum. Retest: After the break, the price appears to be retesting the trend line from below, which often acts as a confirmation of the breakout. Ichimoku Cloud: The price is interacting with the Ichimoku Cloud. A move above the cloud could signal a bullish trend, especially if accompanied by a Tenkan-sen (conversion line) crossing above the Kijun-sen (base line). Support Zone: The price is near a highlighted support zone (green area), which could act as a springboard for a buy if it holds. Potential Entry: A buy position could be considered if the price breaks above the trend line during the retest, confirms with a close above the Ichimoku Cloud, and shows bullish momentum with candlestick patterns like a strong bullish candle.
Long
by MB2020MB2020