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EURGBP trade ideas

Forextraplaces - the week ahead - EUR/GBPIt's a well know market phenomenon that gaps in the market are inevitably always filled. The market hates gaps. No-one seems to know why but its simply a fact. When the markets opened last Sunday (UK time) EUR gapped open across many pairs. EUR/USD 25 pip gap - filled. EUR/JPY 28 pip gap - filled. EUR/CAD 26 pip gap - filled EUR/CHF - no gap EUR/AUD 37 pip NOT filled. EUR/NZD 42 pip gap NOT filled. These last 2 trading pairs have been in a steep decline since the end of April and show no signs of reversing so the gaps in these markets may not bve filled for some time but EUR/GBP is the pair to look at. I expected this gap to have been filled last week particulalrly as GBP was largely BEARISH but this did not happen. I expect that this gap WILL be filled this week. Key is .8842. If we see the price of EUR/GBP break .8842 (where I have a SELL STOP) , I expect the price to close the gap and then reverse sharply. This will need to be done before Friday as the EURO PMI numbers will most likely set the direction of the EUR and these are due on Friday. So look to get LONG on this pair and see if the gap is filled but be mindful that the overall picture for is pair is BEARISH.
Short
by forextraplaces
Trading Signal for EUR/GBP - Direction: BuyWe are issuing a trading signal for the EUR/GBP currency pair based on our analysis using the EASY Quantum Ai strategy. Signal Details: Enter Price: 0.84332 Take Profit: 0.84502 Stop Loss: 0.84068 Justification for Buy Signal: Our EASY Quantum Ai strategy has identified multiple factors suggesting a bullish trend for the EUR/GBP pair. 1. Technical Indicators: - Moving Averages: The short-term moving average has crossed above the long-term moving average, indicating a strong buy signal. - Relative Strength Index (RSI): The RSI is currently in the neutral zone but trending upwards, suggesting increased buying pressure without reaching overbought territory. - Support and Resistance Levels: The current enter price of 0.84332 has bounced off a strong support level, adding to the bullish sentiment. 2. Economic Factors: - Eurozone Economic Data: Recent economic data from the Eurozone has shown a surprising growth in key sectors, enhancing the demand for the Euro. - Brexit Uncertainty: Continued uncertainty surrounding Brexit negotiations has weighed on the Pound, making the Euro more attractive. 3. Market Sentiment: - Institutional Buying: There has been an uptick in institutional buying activities in the EUR/GBP market, signifying confidence in the pair's upward potential. This comprehensive analysis, validated by our EASY Quantum Ai strategy, leads us to recommend a buy position at the enter price of 0.84332. The take profit level is set at 0.84502, and the stop loss is positioned at 0.84068 to prudently manage risk. Happy Trading!
Long
by ForexRobotEasy
EURGBP Will Go Down From Resistance! Short! Take a look at our analysis for EURGBP. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 0.843. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 0.836 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
3
Market Analysis: EUR/GBP Poised For More LossesMarket Analysis: EUR/GBP Poised For More Losses EUR/GBP is declining and trading below the 0.8410 support level. Important Takeaways for EUR/GBP Analysis Today - EUR/GBP is declining and showing bearish signs below 0.8460. - There is a major declining channel forming with support at 0.8410 on the hourly chart at FXOpen. EUR/GBP Technical Analysis On the hourly chart of EUR/GBP at FXOpen, the pair struggled to gain pace for a move above 0.8520. The Euro settled below 0.8490 and started a fresh decline against the British Pound. There was a clear move below the 0.8470 pivot level. The EUR/GBP chart suggests that the pair settled below the 50-hour simple moving average and 0.8460. A low is formed near 0.8412 and the pair is now consolidating losses. Immediate resistance is near the 50% Fib retracement level of the downward move from the 0.8457 swing high to the 0.8412 low at 0.8435 and the 50-hour simple moving average. The next major resistance could be near the 76.4% Fib retracement level of the downward move from the 0.8457 swing high to the 0.8412 low at 0.8445. A close above the 0.8445 level might accelerate gains. In the stated case, the bulls may perhaps aim for a test of 0.8470. Any more gains might send the pair toward the 0.8490 level. Immediate support sits near 0.8410. There is also a major declining channel forming with support at 0.8410. The next major support is near 0.8380. A downside break below the 0.8380 support might call for more downsides. In the stated case, the pair could drop toward the 0.8350 support level. Trade over 50 forex markets 24 hours a day with FXOpen. Take advantage of low commissions, deep liquidity, and spreads from 0.0 pips. Open your FXOpen account now or learn more about trading forex with FXOpen. 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
1
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