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EURGBP trade ideas

14-1 EURGBP:In the short term we expect the EUR/GBP course to remain around £ 0.8398. This means that the euro remains relatively stable compared to the pound. - ** most important influences **: - ** interest differences **: If the European Central Bank (ECB) increases its interest rates, this can strengthen the euro. At the same time, the interest rate policy of the Bank of England (BOE) remains a crucial factor. - ** Inflation **: The recent developments in inflation figures in both the UK and the EU affect purchasing power and therefore on the exchange rate. - ** Economic growth **: If the UK shows economic growth that is stronger than in the EU, this can support the pound. In the long term (2025 and further) we provide a further weakening of the pound, with a EUR/GBP course that can rise to £ 0.848 in January 2025. - ** most important influences **: - ** Trade and Brexit effects **: The long-term consequences of the Brexit continue to play a role in the UK. Uncertainty in trade agreements can have a pressing effect on the pound. - ** Political stability **: Possible political instability, such as elections or policy changes in the UK, can increase volatility. - ** Sustainable growth and investments **: If the EU becomes more economically attractive for investors than the UK, the euro will perform stronger. Risks for GBP: - Any recession or slower economic growth in the UK can further weaken the pound. - Persistent inflation above the intended purpose of the Boe could put pressure on the British economy. We have inlaid a small buy with a buy series attached to it. The buy starts at 0.842.
Long
by Probeleg
EURGBP Navigating Resistance Levels for a Bullish BreakoutEUR/GBP is currently trading at 0.842, with a target price of 0.852, indicating a potential gain of over 100 pips. The analysis is based on the support and resistance pattern, with the pair currently positioned at a resistance level. A minor retracement or retesting of the resistance is expected at this stage. This retracement is a healthy part of the price movement, allowing the market to gather momentum for the next bullish wave. After the retest, a strong upward trend is anticipated, potentially breaking past the resistance level toward the target price. Traders should monitor this retracement closely to identify optimal entry points. The analysis reflects a bullish sentiment, supported by technical levels. However, proper risk management should be maintained. This trade setup aligns with the principles of technical analysis and trend continuation.
Long
by AndrewsMarket-Mastery
EURGBP Trading Opportunity! SELL! My dear friends, Please, find my technical outlook for EURGBP below: The price is coiling around a solid key level - 0.8378 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 0.8330 Safe Stop Loss - 0. 8403 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
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EURGBP: Top-Down Analysis & Bullish OutlookEURGBP successfully adhered to a previously broken significant horizontal resistance level. Following its bullish breakout, a highlighted blue region turned into a support zone. Testing the broken structure, the market established an inverted head and shoulders pattern on a 30-minute timeframe, signaling a short-term bullish indication. It is anticipated that there will be a pullback, reaching a minimum of 0.8392 and potentially extending to 0.8410.
Long
by linofx1
EURGBP Breaking Resistance: Turning Challenges into OpportunityThe forex pair EURGBP is currently trading at 0.83300, with a target price set at 0.84500. This suggests a potential upward movement of over 100 pips. The analysis is based on the support and resistance pattern, a widely used technical analysis method. The main resistance level appears to be breaking, indicating bullish momentum. A breakout above the resistance often signifies increased buying pressure and potential for further price increases. Traders might consider this breakout a signal to enter long positions. However, the accuracy of this setup depends on the strength of the breakout and market conditions. It’s essential to monitor for false breakouts, which can lead to reversals. Risk management strategies, such as stop-loss orders, should be in place. Overall, this setup suggests a favorable risk-to-reward ratio for a bullish trade.
Long
by AndrewsMarket-Mastery
EURGBP intraday rallies to continue attract sellers?EURGBP - 24h expiry The primary trend remains bearish. Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end. There is no clear indication that the downward move is coming to an end. The bearish engulfing candle on the 4 hour chart is negative for sentiment. 50 1day EMA is at 0.8310. We look to Sell at 0.8309 (stop at 0.8329) Our profit targets will be 0.8259 and 0.8249 Resistance: 0.8300 / 0.8315 / 0.8328 Support: 0.8285 / 0.8263 / 0.8250 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.
Short
by OANDA
ANALYSIS OF EURGBP TRENDS WITH DOWN The chart represents the EUR/GBP currency pair on the 4-hour timeframe using Heikin Ashi candles. Here’s the analysis: Observations: 1. Resistance Zone: A strong resistance level is marked around 0.8327, indicating repeated price rejection at this zone (highlighted by orange circles). 2. Support Levels: Two prominent blue lines represent key support levels: First Support: 0.8260 Second Support: 0.8223 (Diamond Zone), which is the significant area of interest. 3. Diamond Pattern: A "diamond zone" is identified as a potential key breakout/breakdown area. This structure often indicates an upcoming price move. 4. Trendlines: A yellow trendline shows the recent downward momentum. The price action suggests the possibility of lower highs and lower lows, implying bearish sentiment. 5. Projected Movement: Blue arrows indicate a bearish outlook: The first downward move targets the first support level. If breached, the price may head toward the diamond zone (second support level). Conclusion: Bearish Bias: The chart suggests EUR/GBP may continue its bearish movement, especially if the resistance at 0.8327 holds strong. Trading Strategy: Entry: Look for confirmations (e.g., rejection candles or strong bearish momentum) near resistance for potential short positions. Targets: TP1: 0.8260 TP2: 0.8223 (diamond zone) Stop Loss: Place it above 0.8330 to protect against invalidation of the bearish setup. Monitor price action at key levels for confirmation.
Short
by Forex_Vip_Signals
EUR/GBP Starts ConsolidationEUR/GBP Starts Consolidation EUR/GBP is consolidating and might aim for a fresh increase above 0.8320. Important Takeaways for EUR/GBP Analysis Today - EUR/GBP is trading in a bearish zone below the 0.8330 pivot level. - There is a short-term contracting triangle forming with resistance near 0.8305 on the hourly chart at FXOpen. EUR/GBP Technical Analysis On the hourly chart of EUR/GBP at FXOpen, the pair started a consolidation phase after it failed to surpass 0.8330. The Euro traded below the 0.8320 and 0.8300 support levels against the British Pound. The EUR/GBP chart suggests that the pair even declined below the 50% Fib retracement level of the upward move from the 0.8275 swing low to the 0.8317 high. It is now consolidating losses and trading below the 50-hour simple moving average. The pair is now facing resistance near the 0.8305 level. There is also a short-term contracting triangle forming with resistance near 0.8305. The next major resistance could be 0.8320. The main resistance is near the 0.8330 zone. A close above the 0.8330 level might accelerate gains. In the stated case, the bulls may perhaps aim for a test of 0.8380. Any more gains might send the pair toward the 0.8400 level. Immediate support sits near 0.8290. The next major support is near 0.8285 or the 76.4% Fib retracement level of the upward move from the 0.8275 swing low to the 0.8317 high. A downside break below the 0.8285 support might call for more downsides. In the stated case, the pair could drop toward the 0.8265 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 FXOpen
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