Get started

British Pound / Euro

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Economic Calendar

GBPEUR trade ideas

The Day Ahead Economic Data Releases United States April trade deficit widened. Initial jobless claims due today. ISM Manufacturing PMI for May remains below 50, indicating contraction. China Caixin Services PMI (May): 51.1 (up from 50.7). Composite PMI fell to 49.6, showing overall contraction. Japan May Manufacturing PMI: 49.4 (up from 48.7), slower contraction. Germany April factory orders and May construction PMI due today. Italy April retail sales due. Eurozone April Producer Price Index (PPI) due. Canada April international merchandise trade data due. Sweden May Consumer Price Index (CPI) due. Central Banks Federal Reserve: Speeches by Kugler and Harker. European Central Bank: Interest rate decision expected today. Bank of England: Greene and Breeden to speak; DMP (Decision Maker Panel) survey release. Earnings Broadcom (AVGO): Shares recently up 1.67%. Lululemon (LULU): Shares recently up 0.11%. 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
THE FLEX SETUP (EURGBP)Good day traders, I'm back with another setup and it’s only an update that I believe can really provide insight into what to expect from price in the upcoming weeks. Like I always say that I always want to see price take out a previous week high/low as I use that as a confirmation in term of the power of 3 that I use to try and avoid manipulation, but this doesn't mean I don't get on the wrong side of price moves. Looking at the HTF's overall structure we can see that we in a very bullish structure but... There's a bearish flow in price!! On the weekly TF price left a large FVG(BISI), showing how strong the bullish structure is and now that price is trading on top of this BISI I'm mentioning. If we go one TF lower to the daily TF than on the daily the weekly BISI is a balanced price range and normally how I look at Gaps after been balanced, I treat them like classic support/resistance, but they have to confluence with another PD array first than for me the rules of 'support/resistance' come into play. If you look close into the daily TF, we have relative equal highs inside the volume imbalance created on the 12th of May. Let's look at how price delivered since opening with a gap lower on the 12th, on that same day price repriced that gap but did not close above it. Why do we want it to close above it? Well ICT teaches more on volume imbalances and the rules or pros and cons. If price closes above the volume imbalance than it becomes balanced once price retests the closure above/below obviously depending on the gap opening. On the 4HTF we saw price shift structure higher and the first thing I see is the candle that had a broken lower high because it also became our breaker. And a FVG inside it making that zone stronger again we can use all the PD arrays together.
Long
by FxPipMaster_TebohoMatla
EURGBP Is Very Bullish! Buy! Take a look at our analysis for EURGBP. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 0.841. Taking into consideration the structure & trend analysis, I believe that the market will reach 0.852 level soon. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
PMI Divergence & ECB Rate Decision Looms:0.84 Key Level in PlayEURGBP 04/06 – PMI Divergence & ECB Rate Decision Looms: 0.84 Key Level in Play EUR/GBP is hovering around the 0.8420 mark after mixed PMI releases from the Eurozone and Germany. Traders are cautiously awaiting the ECB’s interest rate decision this Thursday, while the Bank of England signals potential easing — but remains non-committal on timing. 🌍 MACRO OUTLOOK Eurozone & German PMI: Eurozone Composite PMI eased to 50.2, still above forecasts (49.5) but reflecting slowing momentum. German Composite dropped to 48.5; Services fell further to 47.1 — signaling contraction risk in Europe’s largest economy. ECB Dovish Expectations: Core inflation fell to 1.9% YoY in May — below the 2% ECB target for the first time in eight months. Markets are fully pricing in a 25bps rate cut this week. BoE Shifts Cautiously Dovish: Governor Andrew Bailey acknowledged that monetary easing is likely, but warned of "uncertainty ahead." The MPC is split — some fear sticky inflation; others warn that rates staying too high too long may damage growth. Market Sentiment: EUR remains pressured by ECB dovish expectations. GBP is also under pressure from weak UK macro indicators and global trade tensions. 📉 TECHNICAL OUTLOOK (H1 Chart) Price is consolidating near the EMA200 (0.8409) — a crucial dynamic support. A tight sideways range has formed; 0.8408 is a key horizontal level to watch for breakout/breakdown confirmation. Break below 0.8408 could send price toward Fibo 1.618 at 0.8383 or psychological support at 0.8373. If bulls defend 0.8408, we may see a bounce toward 0.8429 → 0.8449 resistance zone. 🔑 KEY TRADE ZONES 🟢 BUY ZONE: 0.8380 – 0.8373 SL: 0.8358 TP: 0.8400 → 0.8415 → 0.8429 → 0.8435 🔴 SELL ZONE: 0.8448 – 0.8450 SL: 0.8460 TP: 0.8435 → 0.8420 → 0.8408 → 0.8388 ⚠️ TRADE STRATEGY Watch the 0.8408 area closely. If price holds → short-term BUY scalp opportunities. If it breaks strongly → consider SELL toward lower Fibo/structure levels at 0.838x. Be cautious around ECB release — avoid trading during the spike. Wait for structure confirmation post-news. 📌 CONCLUSION "EUR/GBP is entering a critical zone near 0.8400. With ECB and BoE both leaning dovish, expect increased volatility. Hold or break at this key level will likely define the next directional leg. Stay patient and let the market show its hand."
Short
by MMFlowTrading
EURGBP BUY FORECASTEUR/GBP – Technical Analysis (1H) 🔹 Current Price Zone: 0.8414 🔵 Market Structure & Trend The market broke structure to the upside recently, forming a Higher High (HH) and Higher Low (HL), suggesting a bullish shift. Price is currently retesting the previous breakout zone, which aligns with a demand zone (green box). This area could serve as a bullish continuation entry, particularly if confirmed by bullish candlestick formations (e.g., engulfing or pin bar). 🟩 Demand Zones Immediate demand zone around 0.8410 – 0.8400 is being tested (green box on your chart). A deeper demand zone lies around 0.8375 – 0.8355, which aligns with a previous accumulation area. 🟥 Supply Zone / Resistance Near-term resistance zone between 0.8460 – 0.8480 (red box). Daily and 4H order blocks or imbalance may exist in this area. ✅ Buy Setup (Bullish Scenario) Entry: 0.8405 (current demand zone) Stop Loss: Below 0.8385 (outside demand zone) Take Profit 1: 0.8460 (local high) Take Profit 2: 0.8500 (psychological level)
Long
by TonyFx9
EUR_GBP POTENTIAL LONG| ✅EUR_GBP will be retesting a support level soon at 0.8400 From where I am expecting a bullish reaction With the price going up but we need To wait for a reversal pattern to form Before entering the trade, so that we Get a higher success probability of the trade LONG🚀 ✅Like and subscribe to never miss a new idea!✅ 

 Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by ProSignalsFx
1
DAILY CLOSE ABOVE D50 EMA - EURGBP LONG FORECAST Q2 W23 D3 Y25 EURGBP LONG FORECAST Q2 W23 D3 Y25 Professional Risk Managers👋 Welcome back to another FRGNT chart update📈 Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure. Let’s see what price action is telling us today! 💡Here are some trade confluences📝 ✅Daily close above Daily 50EMA ✅15' order block ✅Intraday breaks of structure ✅Tokyo ranges to be filled 🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies. 📈The rest, we leave to the balance of probabilities. 💡Fail to plan. Plan to fail. 🏆It has always been that simple. ❤️Good luck with your trading journey, I shall see you at the very top. 🎯Trade consistent, FRGNT X
Long
by JCFRGNT
EURGBP Wave Analysis – 2 June 2025 - EURGBP broke daily Falling Wedge - Likely to rise to resistance level 0.8525 EURGBP currency pair recently broke the resistance trendline of the daily Falling Wedge chart pattern from April, which encloses the earlier ABC correction (2). The breakout of this Falling Wedge continues the active impulse wave (3), which started earlier from the key support level 0.8350. EURGBP currency pair can be expected to rise to the next resistance level 0.8525 (which reversed the price twice at the start of May).
Long
by FxProGlobal
EURGBP Weekly Analysis (MMC) – Structure Mapping & Target🧠 Market Structure Overview: The current EURGBP structure is a textbook example of Market Mapping Cycle (MMC) behavior—where price progresses through accumulation, breakout, manipulation, and eventual rebalancing. The pair has completed a liquidity sweep and is on its final leg toward a defined reversal target zone. 🔹 Phase 1: Accumulation Within Channel From August to late December 2024, EURGBP traded inside a descending channel. This move created an illusion of bearish control, but careful observation reveals it was a liquidity engineering setup. Institutions were accumulating beneath key swing lows, marked by equal lows and multiple false breaks. The “Previous Channel Structure” identified on the chart is crucial—it acted as a bear trap and formed the base of the MMC curve. 🔹 Phase 2: Break of Structure (BOS) and Smart Money Entry In early January 2025, the market broke structure with strong bullish candles. This Major BOS was the first signal of institutional engagement, shifting the structure from distribution to accumulation phase. After the BOS, price tested the breakout level, forming a curve support (MMC's bullish arc structure). This is where smart money typically adds positions on retracement. 🔹 Phase 3: Liquidity Sweep & Acceleration In March 2025, EURGBP dipped sharply, triggering a liquidity sweep below prior lows. This fakeout move was a classic manipulation phase—clearing late buyers before a fast reversal. Price rejected strongly from the curve support, confirming the MMC continuation. 🔹 Phase 4: Expansion Toward MMC Target The market moved vertically, respecting the MMC curve structure and 50% retracement zone of the last impulse (noted on the chart). This movement shows momentum expansion, typical of MMC Phase 3. Price is now rapidly approaching the Target + Next Reversal zone at 0.86800–0.87200. 🔻 What to Expect Next: The Target Zone aligns with multiple confluences: supply imbalance, psychological round number, and prior liquidity void. Expect strong reaction or reversal from this zone. Confirmation is needed before shorting, ideally via: Lower Timeframe Break of Structure (LTF BOS) Bearish divergence or volume exhaustion Candlestick rejections (e.g., bearish engulfing, pin bars) 📈 Summary of Key Technical Elements: Concept Observation MMC Phase Expansion (Phase 3) Liquidity Sweep March 2025 – below prior support BOS (Break of Structure) Early 2025 bullish breakout Current Bias Bullish until 0.8700 zone Reversal Potential High at MMC Target + Supply Zone 📚 Educational Note: This analysis follows the Market Mapping Cycle (MMC) method—a higher-level view of Smart Money Concepts. By studying price curves, liquidity zones, and psychological areas, traders can anticipate market behavior before traditional indicators catch up.
Long
by GoldMasterTrades
EURGBP - Swing trade IdeaHi everyone !! The EURGBP shows a bullish momentum after tapped and rejected at 88.6% Fib level and MACD bullish sign on daily timeframe. And also breaks the 4Hr downtrend price action such as Inducement, BOS and created CHOCH on 4HR, I would like to buy when the price retest the 4hr OB and Key level 0.83800 Below is my trade setup, please do your own analysis before taking any trades. Buy limit order Buy @ 0.83800 SL - 0.83540, 26Pips TP1 - 0.84060 (Set to breakeven once TP1 is hit or Trail SL below to new LL) TP3 - 0.84580 Final TP5 - 0.85100 RR 1:5 Cheers !
Long
by jprjohn2008
EURGBP Bullish Structure Analysis – Channel Breakout + Target🧱 1. Market Structure Breakdown EURGBP has been trading within a descending channel, forming consistent lower highs and lower lows, which indicates a short-term bearish trend. However, price action recently broke out above the upper boundary of this channel, suggesting a potential bullish reversal or trend correction. This breakout marks a significant structural shift in market behavior. 🔵 Old Structure: Bearish, confined within the channel 🟢 New Structure: Bullish breakout above trendline + key resistance zone 🧩 Implication: Change in directional bias; potential for long opportunities 📍 2. Breakout Confirmation The breakout was confirmed by: A strong bullish impulse candle that closed above the descending trendline Price sustaining above previous resistance (~0.8405) Increase in bullish volume at the breakout point (if volume indicator is used) This suggests that the breakout is genuine, not a false spike or liquidity grab. 🌀 3. Retest Phase – The Critical Zone After breaking out, the market is now pulling back to retest the previous structure. This is a textbook price action move: 🔄 What’s Being Retested? ✅ Upper boundary of the descending channel ✅ Major horizontal support/resistance zone (~0.8405–0.8415) ✅ Broken trendline from previous lower highs ✅ QFL base (Quasimodo level that was swept) ✅ 50% Fibonacci retracement of the breakout move This zone forms a multi-level confluence area, making it a strong support for potential long entries. 🔍 4. Key Technical Observations Element Description 📐 Descending Channel Defined the prior bearish structure. Breakout invalidates this bias. 🧱 Trendline Retest Acts as dynamic support; price currently sitting on it. 🔃 SR Flip Zone Old resistance (~0.8405) turned into support—critical level. 📊 Fib 50% Retracement Provides technical alignment with potential buying interest. 📌 QFL/Order Block Zone Historical demand was swept and now being respected again. 🎯 5. Target Levels & Trade Plan If the structure holds and the price responds bullishly from the current zone, the next levels of interest are: ✅ Primary Target – 0.8460 A clear supply/liquidity zone from previous structure highs Also aligns with psychological round number and Fib extension ⚠️ Interim Target – 0.8430 Previous intra-channel resistance level May serve as a short-term reaction point ❌ Invalidation Level A clean break and close below 0.8390 would invalidate the breakout structure This would reintroduce bearish pressure and signal a potential fakeout 🧠 6. Trade Idea (Not Financial Advice) Entry: Around 0.8405–0.8415 on bullish confirmation (e.g., engulfing candle, pin bar, break of minor downtrend) Stop-Loss: Below 0.8390 (beneath structure & invalidation point) Take-Profit 1: 0.8430 Take-Profit 2: 0.8460 This offers a high R:R opportunity if managed with proper confirmation. 🧭 7. Risk Management & Considerations Avoid entering prematurely without a bullish signal (e.g., pin bar, engulfing, RSI divergence). Monitor macroeconomic news—especially from BoE or ECB—as they can disrupt technical setups. Scaling into the position or using a split TP strategy can help protect profits. ✅ Conclusion This EURGBP setup is a textbook case of market structure trading: A well-defined channel breakout Followed by a clean pullback to structure With confluence across horizontal, diagonal, and Fibonacci levels If price respects this zone, bulls could drive toward 0.8460, offering a solid opportunity for traders who understand structure-based setups. 📌 Always wait for confirmation—structure gives us context, but entries need price action signals to minimize risk.
Long
by GoldMasterTrades
EURGBP LONGEURGBP LONG SETUP. Looking at a EURGBP LONG over the next couple of days. We have entered into a daily demand zone and had a lovely rejection into it and a push away. Check out the 60m chart for this one, leaves a lot of good price action imbalanced below. Plan will be to wait for price to retrace back into the Demand zone at 0.83809 stops below the 60m demand zone created. I will be paying close attention when it does come back down as it may react from daily demand high, because I'm half convinced that I'll end up missing the trade if it did retrace but just not quite far enough to the demand zone on the 60m but hey ho we'll see. E : 0.83809 SL : 0.83699 TP : 0.87374 But I will be trailing stop at each of the steps created on the way up.
Long
by craiguu1z1