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GBPEUR trade ideas

EURGBP coiling energy buildup, The Week Ahead 17th Feb 25The EURGBP currency pair price action sentiment appears bearish, supported by the longer-term prevailing downtrend. The key trading level is at 0.8380, which is the 25th February swing high. An oversold rally from the current levels and a bearish rejection from the 0.8380 level could target the downside support at 0.8286 followed by 0.8245 and 0.8200 levels over the longer timeframe. Alternatively, a confirmed breakout above 0.8380 resistance and a daily close above that level could trigger further rallies higher and a retest of 0.8400 resistance level followed by 0.8420 and 0.8460. 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 Upcoming Trend - Strong Sell?EUR/GBP News: 🔆The EUR/GBP pair slips to around 0.8295 during early European trading on Tuesday as the Pound Sterling (GBP) gains strength following the UK employment report. Investors will also be watching Bank of England (BoE) Governor Andrew Bailey's speech and the release of Germany’s ZEW Survey for February later in the day. 🔆According to data from the UK Office for National Statistics, the nation’s ILO Unemployment Rate remained unchanged at 4.4% in the three months leading up to December, outperforming the expected 4.5%. However, the Claimant Count Change rose by 22K in January compared to the previous -15.1K (revised from 0.7K), falling short of the forecasted 10K. Despite the mixed employment data, the GBP maintains its strength. 🔆Earlier in February, the BoE lowered its benchmark interest rate to 4.50% from 4.75%. Policymakers at the UK central bank noted that inflation could reach 3.7% later this year, nearly double the BoE's 2% target. This might prompt the BoE to adopt a more cautious tone regarding further gradual rate cuts. 🔆On the Euro side, the dovish approach of the European Central Bank (ECB) could put downward pressure on the Euro (EUR) against the GBP. The ECB remains comfortable with its plan for three additional rate cuts this year, following a 25 basis points (bps) decrease to 2.75% last month. Personal opinion: 🔆EUR/USD will continue to decline due to the different interest rate policies of the two central banks. In addition, Trump's tariff policy on the UK is less affected than the Euro, which is likely to boost the strength of GBP in the near term Analysis: 🔆Based on important resistance - support levels and Fibonacci combined with basic economic information to come up with a suitable strategy Plan: 🔆Price Zone Setup: 👉Sell EUR/GBP 0.8310 -0.8330 ❌SL: 0.8360 | ✅TP: 0.8270 – 0.8230– 0.8200 FM wishes you successful trading💰💰💰
Short
by FM-ForexMastermind
1
EUR/GBP: Key Support at 0.8230 Could Trigger UptrendThe EUR/GBP pair has been falling steadily and recently reached 0.8230, its lowest point in over 3 years. The last time the price touched this level was in March 2022, which marked the start of a strong upward trend. This makes 0.8230 an important support level where the price could bounce back. We believe this could be the beginning of a uptrend, and we're aiming for two key targets: 1. First Target (TP1) : 0.8445 This is the first resistance level where the price might pause. 2. Second Target (TP2) : 0.8610 If the first resistance is broken, this is the next level we expect the price to reach. Watch the price closely around 0.8230. If it starts moving up, that could confirm the trend change. Consider setting a stop loss below 0.8230 to manage risk while targeting the levels mentioned above.
Long
by FXTradingAnalysis
2
The Day Ahead 21st Feb '25 Friday February 21 Data: US, UK, Japan, Germany, France and the Eurozone February PMIs, US January existing home sales, UK February GfK consumer confidence, January public finances, retail sales, France February manufacturing confidence, Canada December retail sales Central banks: Fed's Jefferson speaks, ECB's Lane speaks Earnings: Air Liquide, Sika, Standard Chartered 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
EURGBP Wave Analysis – 18 February 2025 - EURGBP broke the support zone - Likely to fall to support level 0.8265 EURGBP currency pair recently broke the support zone between the support level 0.8300 (which stopped the previous impulse wave i at the end of January) and the 61.8% Fibonacci correction of the upward ABC correction 4 from December. The breakout of this support zone accelerated the active short-term impulse wave iii of the higher order impulse wave 5 from January. EURGBP currency pair can be expected to fall to the next support level 0.8265 (former low of the minor correction b from the end of December).
Short
by FxProGlobal
EURGBP1.4H 2.TREND UPT/uptrend 3.KEY LEVEL SUPPORT/support 4.SYMMETRICAL TRIANGLE/ 5.INDICATORS/RSI67/STO11/VOLBULLISH /rsi46/sto23/volbearish 6.rsi29/sto19/volbullish signs//rsi40/sto41vol bullish 7.FIB EXTERN DoNE / blue up / 8.FIB RETRACE DONE /red zone reversal pattern//break the blue before of gaps 9.strong support zone / 10buy zone and uptrend / 11.1/2,1/3,1/4,1/5 12DIVERGENCE / BULLISH DIVERGENCE /BULLISH HIDDEN /bullish divergence / bet point to buy/ 13.bullish expanding triangle/bullish kicker/bullish engulfing 14.reversal divergence /bullish falling wedge /exp bos/losest zone/bos bullish Buy at thiszone we look for new during the week before buying or volitiles B$r/bos/ 1.2H 2.TREND UPT/upt 3.KEY LEVEL RESISTANCE ZONE/support zone/ 4. BULLISH EXPENDING TRIANDLE /symmetrical triangle 5.INDICATORS/RSI44/STO24/VOLBULLISH /rsi55/sto38/volbullish sentiment / 6rsi30/sto31/vol bullish signs 7.FIB EXTERN DONE/ 8.FIB RETRACE DONE/ 9.exp buyers here /buyers try topush the price higher 10support zone /false breakoiut 11.1/2,1/3,1/4,1/6 12DIVERGENCE . BULLISH HIDDEN// bllish divergence /bullish divergence with gap 13CANDLE STICK PATTERN/long weak at support zone /threewhite strikes/bullish harami/hammerbullish/ 14REVERSAL DIVERGENCE /exp bos 1.1h Bullish for the week ww looking forward to the news Check mataf for pip calcul/ 0.0100 gbp perpip Contrat: 7 USD = 5 GBP pips valeur: 0 GBP Levier: 0.05 Risque: 0.02 GBP = 0.02% Profits: 0.15 GBP = 0.15% Rendement:Risque: 5.97:1 /excute 4 at each level
Long
by Forexnation237
Bearish drop?EUR/GBP is rising towards the pivot and could drop to the 1st support which is a pullback support. Pivot: 0.83641 1st Support: 0.83171 1st Resistance: 0.84032 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
Elliott Wave View: EURGBP Looking for Further DownsideShort Term Elliott Wave View in EURGBP suggests rally to 0.8473 ended wave (2). Pair has resumed lower in wave (3) with internal subdivision as a 5 waves impulse. Down from wave (2), wave ((i)) ended at 0.8428 and wave ((ii)) ended at 0.8463. Pair then nested lower in wave ((iii)). Down from wave ((ii)), wave (i) ended at 0.8422 and wave (ii) ended at 0.8462. Wave (iii) lower ended at 0.8388 and wave (iv) ended at 0.842. Final leg wave (v) ended at 0.8356 which completed wave ((iii)). Rally in wave ((iv)) ended at 0.839. Pair then resumed lower in wave ((v)). Down from wave ((iv)), wave (i) ended at 0.8352 and wave (ii) ended at 0.837. Wave (iii) ended at 0.8299 and wave (iv) ended at 0.8345. Final leg wave (v) ended at 0.8288 which completed wave ((v)) of 1 in higher degree. Pair corrected higher in wave 2 with internal subdivision of a zigzag Elliott Wave structure. Up from wave 1, wave ((a)) ended at 0.8335 and wave ((b)) ended at 0.8311. Wave ((c)) higher ended at 0.8378 which completed wave 2. Pair turned lower in wave 3. Down from wave 2, wave ((i)) ended at 0.8306. Expect wave ((ii)) rally to fail in 3, 7, 11 swing against 0.8378 and more importantly below 0.8472 for further downside.
by Elliottwave-Forecast