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EURGBP trade ideas

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
1
EUR/GBP: Bearish Bias as UK Growth Outpaces Eurozone RecoveryAs of January 2, 2025, 12:52 PM, I maintain a bearish short-term bias for EUR/GBP. This outlook is based on a detailed analysis of fundamental, macroeconomic, and political factors driving divergence between the Eurozone and UK economies. Here’s why I believe EUR/GBP has more room to fall: Fundamental Analysis 1. Monetary Policy Divergence: • ECB (European Central Bank): • On December 14, 2024, the ECB cut interest rates by 25 basis points, reducing the deposit rate to 3.0%. This dovish stance reflects concerns about weak demand and sluggish growth, particularly in Germany and France. • Source: ECB Press Release, December 14, 2024. • BoE (Bank of England): • The BoE held its rate at 5.25% during its meeting on December 20, 2024, citing persistent inflationary pressures and a need for restrictive policy. This hawkish stance supports GBP strength. • Source: Bank of England Summary, December 20, 2024. 2. Economic Growth: • Eurozone: • Germany entered a technical recession in Q4 2024, while France and Italy reported weak industrial output. The Eurozone’s 2024 GDP growth is estimated at 0.7%, well below expectations. • Source: Reuters, December 30, 2024. • United Kingdom: • The UK economy grew by 1.1% in 2024, with strong consumer spending and resilient labor market data (unemployment at 3.9%) boosting investor confidence in GBP. • Source: Office for National Statistics, December 29, 2024. 3. Inflation Trends: • Eurozone: • Inflation fell to 2.1% in December 2024, nearing the ECB’s target and supporting its dovish policy stance. • Source: ECB Inflation Report, December 2024. • United Kingdom: • Inflation remains higher at 4.2%, keeping pressure on the BoE to maintain its restrictive policy stance. • Source: Bank of England Summary, December 2024. 4. Political Dynamics: • Eurozone: • Ongoing political instability in France (strikes) and Italy (debt concerns) further dampens confidence in the euro. • Source: Reuters, December 28, 2024. • United Kingdom: • Relative political stability and improved post-Brexit trade relations with the EU have bolstered GBP sentiment. • Source: The Times, December 29, 2024. 5. Risk Sentiment: • The euro remains under pressure from safe-haven flows into USD and CHF, while the GBP benefits from improved investor confidence driven by a stronger macroeconomic outlook. Conclusion The bearish case for EUR/GBP is supported by: 1. Monetary Policy Divergence: ECB’s dovish cuts vs. BoE’s hawkish stance. 2. Economic Performance: The UK outperforms the Eurozone in GDP growth and inflation control. 3. Political Stability: UK stability contrasts with Eurozone uncertainties.
Short
by GreenhillFin
EURGBP - Europe will pass this winter safely!?The EURGBP currency pair is below the EMA200 and EMA50 in the 4-hour timeframe and is moving in its descending channel. If the resistance range is broken, we can witness the upward movement of this currency pair. A valid break of the drawn upward trend line will provide us with the downward path of this currency pair to the level of 0.82400. Bloomberg has reported that the cessation of Russian natural gas flow to Europe via Ukraine is likely to heighten competition with Asia and drive up the cost of alternatives. Ukrainian President Volodymyr Zelensky stated on Wednesday that Ukraine hopes increased gas supplies from the U.S. and other producers to Europe will make prices more acceptable. The flow of gas from Russia to Europe through Ukraine stopped on Wednesday, marking the end of over five decades of this route being the primary channel for gas to the Eurozone. While this move was anticipated after months of political tension, Europe still needs to replace about 5% of its gas supply and may increasingly rely on storage levels that have now dropped below average. The European Commission noted that the suspension of gas flow via Ukraine on January 1st was a foreseen scenario, and the EU is prepared for it. Christine Lagarde, President of the European Central Bank (ECB), expressed optimism that the ECB could achieve a 2% inflation rate by 2025. She stated, “We have made significant progress in reducing inflation in 2024 and hope that 2025 will be the year we reach our target as expected and planned in our strategy. However, we will continue our efforts to ensure inflation stabilizes at the 2% medium-term target.” Meanwhile, UBS has noted that the value of the U.S. dollar has increased, suggesting that investors can sell dollars more robustly and convert them to currencies such as the British pound or the Australian dollar. Despite the recent rise in the dollar’s value, driven by shifts in expectations around Federal Reserve policies and U.S. government actions, the bank believes the dollar remains overvalued. While UBS does not anticipate a sharp decline in the dollar’s value in the short term, it sees opportunities for investors to pivot toward more attractive currencies. The British pound (GBP) and Australian dollar (AUD) are among its top picks due to their potential to perform well amidst evolving global monetary conditions. Additionally, according to data from Nationwide, house prices in the UK reached near-record levels at the end of last year. This indicates that the real estate market continues to gain momentum. Nationwide reported that house prices rose by 0.7% on a monthly basis, reaching an average of £269,426 (equivalent to $337,500). This figure is only slightly below the record high of £273,751 recorded in the summer of 2022.
Long
by Ali_PSND
Bearish drop?EUR/GBP is reacting off the pivot and could drop to the 1st support. Pivot: 0.82747 1st Support: 0.82239 1st Resistance: 0.83031 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.
Short
by ICmarkets
1