EURGBP corrective pullback support at 0.8600The EURGBP remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend.
Support Zone: 0.8600 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 0.8600 would confirm ongoing upside momentum, with potential targets at:
0.8670 – initial resistance
0.8700 – psychological and structural level
0.8720 – extended resistance on the longer-term chart
Bearish Scenario:
A confirmed break and daily close below 0.8600 would weaken the bullish outlook and suggest deeper downside risk toward:
0.8590 – minor support
0.8570 – stronger support and potential demand zone
Outlook:
Bullish bias remains intact while the EURGBP holds above 0.8600. A sustained break below this level could shift momentum to the downside in the short term.
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.
GBPEUR trade ideas
EURGBP Wave Analysis – 2 July 2025- EURGBP broke resistance zone
- Likely to rise to resistance level 0.8700
EURGBP currency pair recently broke the resistance zone between the resistance level 0.8570 (which stopped the previous impulse wave i at the end of June) and the 61.8% Fibonacci correction of the downward impulse (B) from April.
The breakout of this resistance zone accelerated the active minor impulse wave 3 of the intermediate impulse wave (C) from May.
EURGBP currency pair can be expected to rise to the next resistance level 0.8700 (which is intersecting with the daily up channel from May).
The Day AheadWednesday, July 2 – Key Highlights:
US ADP Employment Report (June): A crucial preview to Friday’s NFP; strong numbers may delay Fed cuts, weak data could boost cut expectations.
Eurozone Labor Market Data (May): Italy and Eurozone unemployment rates will offer insight into the region’s economic resilience; deterioration may weigh on ECB sentiment.
Japan Monetary Base (June): Watch for shifts in liquidity trends as the BoJ cautiously normalizes policy.
France Budget Balance (May): A worsening fiscal position could raise concerns amid ongoing political uncertainty.
Canada Manufacturing PMI (June): A weak print would reinforce the case for continued BoC rate cuts.
Central Bank Watch:
ECB: Lagarde, Guindos, Cipollone, and Lane speak; markets will look for clues on inflation and rate path.
BoE: Taylor (or another senior official) speaks; comments may impact UK rate expectations ahead of the election.
Market Focus:
Labor market and fiscal data, paired with a heavy central bank speaker lineup, will guide rate cut expectations and shape cross-asset risk sentiment.
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 sell, July 01HTF shows strong bullish trend, with price barely missing the Daily imbalance — signaling strong buyer momentum and no clear reversal point nearby.
On LTF, we had a clean 15m BOS, confirming bullish continuation, and price reacted from a 15m POI with imbalance left behind.
First entry missed by 1 pip, but it’s still in play — second entry aligns with the same narrative.
📍Entry: 15m imbalance
🧠 BOS in our favor, valid setup if triggered before London close
🎯 TP: Asia high for 1:3 RR
📉 Risk: 0.5% on each position
Looking to continue the upside trend, staying patient and letting price come to us.
EURGBP Watching the FVG for a Possible Push HigherEURGBP has been showing a clean bullish structure on the 1 hour chart. We got a solid break of structure that left behind an imbalance and price is now pulling back.
There’s a fair value gap just above the previous day’s low and also some local liquidity resting below the last minor low. If price dips into that FVG, fills the imbalance and takes out a bit more liquidity, it could set up the next move up.
I’ll be watching how price reacts in that zone. A strong rejection could signal buyers stepping back in to target the highs and sweep the liquidity sitting above.
No need to rush. Let the market come into the level and prove itself first.
EURGBP Will Go Higher! Long!
Here is our detailed technical review for EURGBP.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 0.852.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 0.856 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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EUR-GBP Growth Ahead! Buy!
Hello,Traders!
EUR-GBP keeps growing
And the pair is already
Making a bullish rebound
From the horizontal support
Level of 0.8540 so we are
Bullish biased and we will
Be expecting a further
Bullish continuation
Buy!
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EUR_GBP WILL KEEP GROWI|LONG|
✅EUR_GBP broke the key horizontal level of 0.8540
Which is now a support then went down
To retest it and we are now seeing
A bullish reaction so I think that
The pair will go even higher up
LONG🚀
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