EURGBP rises The EURGBP spiked up following GBPUSD weakness from the release of the CPI data. Currently trading along the 50% retracement level, look for the price to break above to trade up to the resistance level of 0.8625Longby JinDao_Tai224
Possibility of uptrend Considering the behavior of the price in the current resistance range, it is expected that the movement will continue according to the specified paths Longby STPFOREX1
EURGBP BUYAs we can see we have broken the trendline from the previous trend hinting at a potential trend change. We also created a higher high after breaking the previous lower high. We got a retest of our zone and now we got confirmation. Now we are looking for a TP1 and TP2 at our 1:1 and 1:2 respectively.Longby Just_Nkhensani1
EUR GBP 2ND ENTRY LONGEurgbp long entry is abit vague but it should move up from here or somewhere around here. Wide sl reccomended. Goodluck traders and trade safeLongby Chathifriends4
7 Dimension Sell Analysis for EurGBPCore Analysis Method: Smart Money Concepts 😇7 Dimension Analysis Time Frame: H1/M5 1: Swing Structure: Bearish with proper BOS after taking inducement and marking valid low. The price completed its corrective swing move with 4 pullbacks and a proper internal bullish structure, mitigating the extreme POI OB and sweeping swing liquidity in the Premier zone. It also swept external swing liquidity, making this entry more interesting with the Whale scoop entry setup. Resistance: Supply area acts strong with a false breakout. Post-break buildup failed strongly, indicating that the price will go further down to form another low. 2: Pattern 🟢 CHART PATTERNS: Reversal: Rounding bearish patterns and consolidation rectangle bear side breakout. Shakeout reversal also at the same point. 🟢 CANDLE PATTERNS: Multiple long wick candles at the POI area, then breakout the range with a momentum strict engulfing pattern. 3: Volume 🟢 Shows very good volume at the resistance level, but this volume is unable to break the resistance, so we consider it an execution volume at the point. 4: Momentum RSI 🟢 Since the start of July, momentum has been in the bearish zone with multiple bearish range shifts and divergence, everything loudly indicating this is still in the bearish phase. 5: Volatility Bollinger Bands 🟢 Expansion has started just with momentum. Bearish headfake also indicates bearish volatility in this pair for now. 6: Strength: Showing weakness. 7: Sentiment: Everything is in bearish favor. ✔️ Entry Time Frame: M5 ✅ Entry TF Structure: Bearish ☑️ Trend line breakout: Yes 💡 Decision: Sell 🚀 Entry: 0.8441 ✋ Stop Loss: 0.8451 🎯 Take Profit: 0.8400 😊 Risk to Reward Ratio: 5RR 🕛 Expected Duration: 3 Days SUMMARY: Analysis supports a strong sell position based on the Smart Money Concepts methodology, with expected bearish momentum and high potential reward.Shortby Optimum369Updated 1
EUR-GBP Support Ahead! Buy! Hello,Traders! EUR-GBP keeps falling In a bearish correction After a strong push up But will soon retest the Horizontal support level Below at 0.8500 from Where we will be expecting A local bullish rebound Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!Longby TopTradingSignals112
EURGBP long continuationEG has completed a clean 3 corrective wave and im expecting price to go up from here. I will be entering when market opens. Trade safeLongby ChathifriendsUpdated 6
EURGBP: Bullish Forecast & Outlook The price of EURGBP will most likely increase soon enough, due to the demand beginning to exceed supply which we can see by looking at the chart of the pair. ❤️ Please, support our work with like & comment! ❤️Longby UnitedSignals112
EUR/GBP Possible Correction Up#trading_idea #EURGBP 💡 #EURGBP - Possible Correction Up On the hourly chart, it's evident that the price has strongly bounced off the support level at 0.8531. According to the Heikin-Ashi candles, a reversal towards an upward correction seems likely. The MACD also suggests a potential upward correction. 🔼We may see a break of the 0.8543 resistance, with a possible further rise to resistance 0.8551. 🔽Otherwise, a slide back to the support at 0.8531 is likely. In case the pair will break down this level we may see the level 0.8519. 🔴 Click "👍" if you think the price will rise and "👎" if you think it will fall.Longby sabiotrade1
EUR/GBP Weakens by an Improvement in Unemployment RateEUR/GBP Weakens by an Improvement in Unemployment Rate From the previous analysis for EURGBP, we can see that the price just reached the first target. This move today was also supported by employment data from the UK, which showed an improvement in the unemployment rate which fell from 4.2% to 4.5% forecast and 4.4% last month. EURGBP may move down more ahead of the UK CPI data we have tomorrow. The market is expecting the UK CPI data to come in at 3.4% from 3.5% on a yearly basis. 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❤️ Previous analysis: Shortby KlejdiCuni1112
EURGBP Holds Below 0.8600 - Deeper Correction?EURGBP Holds Below 0.8600 - Deeper Correction? EURGBP holds below 0.8600 increasing the chances of a deeper correction After the price completed a wedge pattern near a strong zone, it is moving down again. Where can it stop this time? 📺You may watch the video for further details📺 Thank you and Good Luck!Short05:48by KlejdiCuniUpdated 6637
SELL OFF EUR GBP RE:ANNOUNCEMENT ON CALENDAR:EUR GBP Break Of Structure on the short side. Possible downward price action into the support zone I have in diagram. Look for a short entry on weakness of price at a lower timeframe like 1m or 3m. Cheers, Chris EURGBP_2024-08-13_16-25-09_e4e4a.pngShortby Easy_Explosive_Trading1
EURGBP today - Break Rectangular ConsolidationEURGBP is consolidating in a rectangular formation - .8545 - .8570. Following a Drop, this consolidation is a continuation pattern, suggesting a further Drop. Before that, look for the Smart Money to trap bulls with a false break to the upside. Most likely in the London Session, as per yesterday and a move towards the Daily R1 Pivot. The false break would be a good time to go short at a higher price and look to target the immediate demand zone at .8525Shortby Umlingo0
EURGBP BEARISH REVERSAL As we enter a new week so are the bears we have started seeing that the buyers are pulling out and so the bears will be trying to push the price down to liquidate the underlying unmitigated orders that are around @0.85153 If we have more orders then they will have to drive the market down to around @0.84600 before they can fuel the currency back up again to its bullish state but as of this week expect to see more of bears coming in and less of bulls my 1st Tp @ 0.85153Shortby que2
eurgbp sellnical Indicators Trendline Resistance: EUR/GBP is currently facing strong resistance at a descending trendline, indicating potential for further downward movement1. Fibonacci Retracement: The pair has retraced to the 61.8% Fibonacci level, which often acts as a strong resistance zone in a downtrend1. Bearish Divergence: The RSI is showing bearish divergence, suggesting that the bullish momentum is weakening and a reversal to the downside could be imminent2. Key Levels Resistance: 0.8600 Pivot: 0.8550 Support: 0.85001 Moving Averages The 50-period EMA is currently above the 200-period EMA, but the gap is widening, indicating a continuation of the bearish trend2. RSI The RSI is approaching the 50 level from above, which could signal a shift in momentum if it crosses below2. Conclusion Based on the current technical setup, EUR/GBP shows potential for a bearish move, especially if it can break below the key support levels and maintain momentum. Traders should watch for a confirmed breakdown and consider entering short positions with appropriate risk management.Shortby Mansa_Musa_Capital1
EURGBP - BEARISH TREND - 12/08/2024Trade Confluences: 1- Bearish Divergence / Double Top 2- Neckline Broken 3- Start of a Bearish Trend - LLs / LHs 4- Points: 374Shortby WaqasWasi1
EURGBP Will Go DownEURGBP is trading in a Uptrend, But the pair is test the strong resistance level and double top pattern on the top and also making Bearish Divergence on RSI. we are Bearish biased and we Will be expecting a trend reversal from this level. Sell!Shortby asadiii1
#EURGBP buying opportunityAs can be seen in the chart, the price appears to have completed a bearish corrective move, signaled by a change in market structure to the upside and the formation of a bullish divergence. Now, we could look for buying opportunities during minor bearish corrections.Longby mohemati110
DeGRAM | EURGBP rebound from dynamic supportEURGBP is moving in a descending channel between the trend lines. The price has reached the lower trend line, which has already acted as a pivot point. The chart is above the support level. We expect the rebound to continue after the support is retested. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!Longby DeGRAM114
EUR/GBP SELLERS WILL DOMINATE THE MARKET|SHORT Hello, Friends! EUR/GBP pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 1D timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 0.844 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignals112
Change the trend It is expected that the corrective trend will form up to the specified support range and then a trend change will be formed and we will see the beginning of the upward trend. If the price crosses the support range, the downward trend is likely to continue Longby STPFOREX0
EURGBP1.EURGBP has been on an uptrend for a while now. 2.The uptrend was exhausted, then shifted to being a downtrend as a resuilt of a structure break which is a Bullish Wedge. 3.The break of the Wedge was then tested before the trend made its major downfall. 4.Now we took our entry as soon as the 3H candle closed bearish from the rested zone. SELL EURGBPShortby Hyper_fxt2