correction It is expected that the trend will change within the current resistance range and we will see the start of the correction trend. Then, it is expected that the upward trend will continue.
EURGBP trade ideas
EURGBP-SELL strategy 12 hourly chart RegressionThe pair still has moved higher, but it does not deter us from adding to SHORTS... the pair is overbought and correction is needed.
Strategy SELL @ 0.8600-0.8635 and take profit near 0.8478 for now.
EURGBP Discretionary Analysis: Eyes on the SupplyIt's that feeling when you just know the tide's about to turn (like when you're waiting for the wind to pass but can already smell the rain). EURGBP is giving off that "Next stop? Supply zone" kind of vibe. I see it pushing up to test that level, like it's gearing up for a showdown. If I'm right, I'll be eyeing some clean entries to make a move. If I'm wrong, I'll just grab a coffee and wait for the next opportunity to roll in.
Just my opinion, not financial advice.
EUR/GBP: Monthly Resistance Test, Rising Risk of PullbackEUR/GBP has recently shown a strong bullish acceleration, breaking decisively above the consolidation zone between 0.8285 and 0.8480, and reaching the monthly resistance area around 0.8580–0.8600. This zone, highlighted on the chart with a marked red and grey band, represents a historically significant selling area—already tested earlier this month and revisited again today. The strong upward expansion has been accompanied by an RSI nearing extreme levels, indicating a possible and imminent loss of bullish momentum.
From a technical perspective, the current setup reveals an active supply zone that could trigger a pullback, especially if the price fails to close decisively above the weekly and monthly highs. Potential profit-taking may drive the pair back toward the intermediate balance zone around 0.8450–0.8480, which would serve as the first dynamic support level. Only a clear and confirmed breakout above 0.8600 would open the door for further bullish continuation, with targets toward 0.8650 and beyond.
Strategically, caution is advised at this stage: traders already long may consider scaling out near resistance, while those eyeing short entries could find opportunities on reversal signals or confirmation of rejection from the current zone.
EURGBP: Potential sell setup towards 0.8500?OANDA:EURGBP has reached a notable resistance level, an area that has been a clear turning point in the past, leading to some notable reversals. Given this, there is once again potential for a bearish reaction if price action confirms rejection, such as a bearish engulfing candle, long upper wicks or increased selling volume.
If the resistance level holds, I anticipate a downward move toward 0.8500 , which for me is quite an achievable target now.
But if the price breaks above this zone and sustains above it, the bearish outlook may be invalidated, leading to further upside.
Just my take on support and resistance zones, not financial advice. Always confirm your setups and trade with solid risk management.
EURGBP Is Going Down! Sell!
Take a look at our analysis for EURGBP.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 0.855.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.846 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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EUR/GBP SHORT FROM RESISTANCE
Hello, Friends!
EUR-GBP uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 0.852 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the EUR/GBP pair.
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Lingrid | EURGBP tests RESISTANCE at July 2024 High. ShortThe price perfectly fulfilled my last idea . It hit TP. FX:EURGBP market shot up and reached the resistance zone as well as channel border. The price is now near the July High of 2024. The market has completed an ABC move where the C point is near the psychological level at 0.86000. On the 1H timeframe, the price has formed a double top with bearish divergence, suggesting a potential pullback. If the market remains below this resistance zone, I expect the price may retest the lower levels after the impulse leg. My goal is support level 0.84600
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Trade outlook 4-8-25Trade outlook 4-8-25 In this video i wil show my friend what i am gonna trade for today
EURGBP Discretionary Analysis: Dive Time, No Life Jacket NeededIt’s dive time, no life jacket needed, just that instinct telling me it’s going down.
You know that feeling when you’re about to jump in, but you’ve got no backup? That’s the vibe here.
I’m calling for a deep dive, and I’m riding it all the way. If I’m right, I’ll be making a splash with some profits. If not, I’ll just float back up and try again.
Just my opinion, not financial advice.
EUR/GBP - Correction LevelsEUR/GBP is hitting high over the past few days. Looking for the correction now before we continue up higher. These levels look pretty solid for the short term as we did just break and retest the trendline we have bounced off of multiple times so far.
On top of the break of the trend we have also set up a nice double top formation signaling for a strong potential for the correction to be coming shortly. The big question here is how big of a correction will we look for?
I will trail stops into profit as we progress deeper into the trade. I am taking this trade even though I am bullish overall on the pair for a more long term approach. I am more the less hedging my long position to allow me to not enter drawdown and also secure some additional profits through the coming correction
Let me know your thoughts here. Lets make some bread!
EUR-GBP Swing Short! Sell!
Hello,Traders!
EUR-GBP surged sharply
And is locally overbought
So after the pair hits the
Horizontal resistance
Of 0.8624 we will be
Expecting a local
Bearish correction
Sell!
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EURGBP INTRADAY bullish breakout supported at 0.8450EUR/GBP maintains a bullish bias, supported by the prevailing upward trend. Recent intraday movement indicates a corrective pullback toward a key consolidation zone, offering a potential setup for trend continuation.
Key Support Level: 0.8450 – previous consolidation range and pivotal support
Upside Targets:
0.8576 – initial resistance
0.8616 and 0.8650 – extended bullish targets on higher timeframes
A bullish reversal from 0.8450 would suggest continuation of the uptrend, confirming buying momentum.
However, a decisive break and daily close below 0.8450 would invalidate the bullish structure, opening the door for further retracement toward 0.8417, with additional support at 0.8400 and 0.8373.
Conclusion
EUR/GBP remains bullish above 0.8450. A bounce from this level supports further gains toward 0.8576. A close below 0.8450 would shift the outlook bearish, exposing downside risk toward 0.8373.
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.
EURGBP rises despite no clear catalyst linked to EUR or GBPEURGBP rises despite no clear catalyst linked to EUR or GBP
The EUR/GBP trading scenario I shared months ago is finally showing clear movement. The weekly support zone around 0.8200 - 0.8300 has proven to be remarkably strong, holding the pair in place for an extended period.
What’s surprising is that the bullish wave has begun now—despite no clear catalyst directly tied to the Eurozone or the UK. Instead, the surge seems to be fueled by market turbulence caused by Trump’s tariff decisions, which have disrupted global sentiment. EUR/GBP had been undervalued, but lacked a trigger for upward movement—until now.
So far, the pair is rising steadily, increasing the likelihood that a major bullish wave is underway. If the Bank of England cuts interest rates in the upcoming meeting, it could further accelerate EUR/GBP’s climb.
You may find more details in the chart!
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uptrendThe continuation of the upward trend is expected to form according to the specified paths.
If the price consolidates above the 100% level, the continuation of the upward trend will be more likely.
EUR/GBP Ready to go higher?Hi Traders.
i think we can expect some more bullish momentum.
check the chart for my analysis
EURGBP: A Potential Short Opportunity Amidst ConsolidationEUR/GBP daily chart reveals a compelling narrative of consolidation followed by a potential bearish reversal. The pair has been trading within a defined range, bounded by key horizontal support and resistance zones (highlighted in blue). The recent price action suggests a rejection from the upper resistance zone, setting the stage for a possible short trade.
Key Observations:
Range-Bound Consolidation: The chart clearly shows EUR/GBP oscillating within a well-defined range. This pattern indicates a period of indecision, where neither buyers nor sellers have established a clear dominant trend.
Resistance Zone Test and Rejection: The price recently revisited the upper resistance zone. The subsequent price action, characterized by a sharp downward move, suggests a strong rejection from this level. This rejection is a critical signal that sellers are stepping in, potentially reversing the recent upward momentum.
Bearish Engulfing/Pin Bar Formation (Possible): While the chart doesn't explicitly highlight a candlestick pattern, the sharp rejection from the resistance zone suggests the formation of a bearish engulfing or a pin bar on a lower timeframe. This pattern reinforces the bearish bias.
Retracement and Entry Opportunity: The price has retraced a portion of the recent decline. This retracement presents a potential opportunity to enter a short position, capitalizing on the anticipated continuation of the bearish move.
Support Zones as Targets: The lower support zone serves as a primary target for the potential short trade. The intermediate support level (around 0.83727) can act as a partial profit-taking zone or a point to trail the stop loss.
Pattern Identification:
The dominant pattern observed is a range-bound consolidation followed by a potential bearish reversal triggered by a rejection from a key resistance zone. Trade Setup:
Entry: A short entry can be considered at the current price level (around 0.85021-0.85129) or on a break below the immediate support level (0.84772). A more conservative approach would be to wait for a clear bearish candlestick pattern confirmation on a lower timeframe (e.g., H4 or H1).
Stop Loss: The stop loss should be placed above the recent swing high (around 0.85867) to protect the trade from unexpected price reversals.
Take Profit: The primary target is the lower support zone (around 0.82537-0.82218). An intermediate target can be set at the 0.83727 level.
Risk-Reward Ratio: The potential trade offers a favorable risk-reward ratio, with a relatively small stop loss and a significant profit target.
we start the week with a good profit during the 4 hoursAs we see, the resistance level has been broken and a confirmation is formed that the price will rise higher, we watch carefully and when we see that an STC has been made, we act with a purchase.
EUR/GBP Analysis Double Bottom Breakout Toward TargetOverview of the Chart
This chart displays a EUR/GBP daily timeframe setup, highlighting a Double Bottom Pattern, a well-known bullish reversal formation. The pattern consists of two consecutive lows at a similar price level, followed by a breakout above a key resistance zone. This setup suggests a potential trend reversal from bearish to bullish.
Technical Analysis Breakdown
1. Double Bottom Formation (Reversal Signal)
Bottom 1: The first low was established after a prolonged downtrend, where the price found support and bounced higher.
Bottom 2: Price revisited the same support area but failed to break lower, indicating that sellers are losing strength and buyers are stepping in.
A double bottom pattern signals that the asset is forming a strong base and is likely to move higher after breaking the neckline (resistance level).
2. Support and Resistance Levels
Support Level (~0.8322):
This level acted as a demand zone, preventing further downside.
It marks the price area where buyers accumulated positions, leading to a reversal.
Resistance Level (~0.8500):
This level previously acted as a supply zone, where sellers controlled the price.
A breakout above this level is crucial to confirm the bullish trend continuation.
3. Breakout Confirmation & Retest Expectation
The price successfully broke above the resistance zone, confirming a bullish reversal.
A potential retest of the broken resistance (now turned support) could occur before further upside movement.
Traders often wait for this retest to confirm that the breakout is genuine before entering a position.
4. Price Target Projection
Based on the measured move strategy, the expected target is calculated by measuring the height of the double bottom pattern and projecting it above the breakout zone.
Target Price: 0.8742, aligning with historical resistance levels.
5. Stop Loss Placement
Stop loss at ~0.8322 (below the double bottom support).
This ensures risk is managed in case of an invalid breakout or a false move.
Trading Plan & Execution Strategy
📌 Entry Strategy:
✅ Breakout Entry: Buy after the breakout above resistance.
✅ Retest Entry: Wait for a pullback to the previous resistance (now support) before entering.
📌 Risk Management:
🔹 Stop Loss: Placed below the recent support at 0.8322 to limit downside risk.
🔹 Take Profit: First target at 0.8742 based on the double bottom structure.
📌 Market Outlook:
A successful breakout and bullish momentum could push prices toward the target.
If the price fails to hold above the breakout zone, a deeper retracement could occur before continuing higher.
Conclusion
The EUR/GBP pair has formed a bullish double bottom reversal pattern, signaling a potential uptrend continuation. The key levels to watch include 0.8500 (resistance turned support) and 0.8742 (target projection). Traders should monitor price action around the breakout zone for confirmation and consider risk management strategies before entering a position.
EURGBP is ready to take off ... the week of 07 Apr 2025Weekly chart – strongly bullish, broke above previous structure
Daily chart – strongly bullish, broke above previous structure
H4 chart – bullish, now pulling back towards previous resistance, now turned support.
The formation of a higher low on the daily adds to my confidence that we are headed higher. This is actually a breakout-retest setup. When/If price reaches this zone, I will be monitoring PA on H4 and H1 timeframes with a view to find evidence of a bullish continuation. We could easily have a much deeper retracement too. In the current uncertain world economic situation, it is vital to establish that control of the market has returned to the bulls, before taking a trade.
Stop may be larger than what I would like, but it will need to be below the nearest swing low. Target can be generous too – at 0.8613 or anywhere higher right up to 0.8750.
This is not a trade recommendation; it’s merely my own analysis. Trading carries a high level of risk, only trade with money you can afford to lose and carefully manage your capital and risk.
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It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
OPPORTUNITY FOR BUY EURGBPWe have the following indicators for a BUY opportunity:
• Low volume suggesting continuation of the current direction.
• Support at a monthly low level.
• Re-test 6M low + 3M low
• Reflection from the bottom of the parallel channel.
• Strong long-term support area.
• Bounce from the trend line.
We define 3 goals:
TP 1 = 40 pips
TP 2 = 100 pips
TP 3 = 200 pips
SL = -200 pips
