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GBPEUR trade ideas

EURGBP - Are we finally going up?Last 2/3 we have been ranging. Which direction are we going to break out? My biased is up, but there is a case where we can go down. Here is my analysis. Fundamentals Today ECB dropped interest rates by 25 basis points. Very likely that they will keep reducing. How much will this impact the EURX? We will see. Technicals → We are at sitting at a trendline. We need to break this → We are sitting at a buy zone which acted as major support multiple times since FEB 2024. Will we bounce again? Or maybe drop lower. Trade → Scenario 1 is most likely. We need to break the trendline to have extra confluence and break and re-test the first resistance at around 0.853 to confirm. → Scenario 2 is also a possibility. We have touched it multiple times eventually when knocking on a door too much it opens. Maybe this is one of the time. Wait for a clear break and retest on HT. Your trading friend, Simba Trades
by Simba_Trading
4
Market Analysis: EUR/GBP StrugglesMarket Analysis: EUR/GBP Struggles EUR/GBP declined and is now consolidating losses above the 0.8400 region. Important Takeaways for EUR/GBP Analysis Today - EUR/GBP is trading in a bearish zone below the 0.8440 pivot level. - There was a break above a connecting bearish trend line with resistance near 0.8425 on the hourly chart at FXOpen. EUR/GBP Technical Analysis On the hourly chart of EUR/GBP at FXOpen, the pair started a steady decline from well above 0.8460. The Euro traded below the 0.8440 support level against the British Pound. The EUR/GBP chart suggests that the pair even declined below the 0.8824 level and tested 0.8410. It is now consolidating losses and trading below the 50-hour simple moving average. Recently, there was a minor increase above a connecting bearish trend line with resistance near 0.8425. The pair is now facing resistance near the 23.6% Fib retracement level of the downward move from the 0.8459 swing high to the 0.8412 low. The next major resistance could be 0.8435. The 50% Fib retracement level of the downward move from the 0.8459 swing high to the 0.8412 low is also at 0.8435. A close above the 0.8435 level might accelerate gains. In the stated case, the bulls may perhaps aim for a test of 0.8460. Any more gains might send the pair toward the 0.8500 level. Immediate support sits near 0.8410. The next major support is near 0.8400. A downside break below the 0.8400 support might call for more downsides. In the stated case, the pair could drop toward the 0.8360 support level. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
2
EURGBP Will Go Up From Support! 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 testing a major horizontal structure 0.841. Taking into consideration the structure & trend analysis, I believe that the market will reach 0.844 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. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
EurGbp will be bearish bias. Should be pullback to shortHello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Do check out my recorded video (in trading ideas) for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
Short
by Shadowing_The_Big_Boys
Trading Signal for EURGBP: SellDirection: Sell Enter Price: 0.84561 Take Profit: 0.84456 Stop Loss: 0.84723 We have identified a potential trading opportunity for the EURGBP currency pair using the EASY Quantum Ai strategy. Market Analysis & Justification: 1. Technical Indicators: - The EURGBP pair has been exhibiting a bearish trend on the daily charts. - Key moving averages are trending downward, indicating ongoing selling pressure. - RSI is showing bearish divergence, which suggests potential further downside movement. 2. Great Britain Political Stability: - Recent political developments in the UK have renewed investor confidence, leading to a stronger GBP. - Economic data from the UK, including stronger-than-expected GDP growth, has bolstered the pound. 3. Eurozone Weakness: - The Eurozone is facing economic challenges, including lower-than-expected industrial production. - Divergent monetary policy between the ECB and the BoE could put additional downward pressure on the EURGBP pair. In conclusion, based on the analysis backed by the EASY Quantum Ai strategy, we recommend entering a SELL position at an enter price of 0.84561, with a take profit level at 0.84456 and a stop loss at 0.84723. As always, please ensure to manage your risk appropriately.
Short
by ForexRobotEasy
Buy OpportunityEUR/GBP Buy Analysis Trade Idea: Buy EUR/GBP Entry: 0.8400 Take Profit: Up to 0.8500 Rationale: Technical Analysis: EUR/GBP has shown strong support near the 0.8400 level, with recent price action indicating potential for an upward move. Resistance Break: A breakout above recent resistance suggests bullish momentum could carry the pair towards the 0.8500 level. Risk Management: Place a stop-loss according to your risk tolerance and trading strategy, ensuring potential losses are controlled. Disclaimer: Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The analysis provided is for informational purposes only and should not be considered as investment advice.
Long
by GODOCM
EURGBP: One More Short 🇪🇺🇬🇧 After our yesterday's profitable short, I see one more selling opportunity on EURGBP. After a strong bearish wave, the pair started to consolidate within a narrow horizontal range on an hourly time frame. The release of morning's UK/EU Fundamentals triggered a bearish reaction causing a breakout of a support of the range. I opened one more short on the pair. Next goal - 0.8415 ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
1
EURGBP: GBP's news was good!Hello Traders, This is the long-term bearish channel of the pair: Reaction to the gap and middle of long-term channel is clear in the above chart. Let's search for TP! This is a Strong Resistance I think it might be a good target Let's take a look to the news! Most important one which is GDP was a surprise for Pound, bearish for the pair. Monthly industrial production was supposed to rise from -0.9% to 0.3% but it stopped at 0.2%. It has been considered to be bad for GBP! I think it's almost nothing compared to GDP news. All other important factors were positive too, Only trade balance which I think again less important than others. Technically and Fundamentally I'm short!! I'll enter after Order flow or LTF structure confirmation. 1st TP: (For short term-traders with lower SL) Daily Pivot 2nd TP: Support line and middle of short-term channel 3rd TP: Bottom of both channel
Short
by AliSignals
EUR/GBP Falls Towards June LowEUR/GBP extends the decline from the start of the month to approach the June low (0.8397), and the exchange rate may track the negative slope in the 50-SMA (0.8503) as it holds below the moving average. EUR/GBP Rate Outlook EUR/GBP snaps the range bound price action from earlier this week to register a fresh monthly low (0.8426), and failure to defend the June low (0.8397) may push the exchange rate towards 0.8380 (78.6% Fibonacci extension). Next area of interest comes in around the August 2022 low (0.8340), and a move below 30 in the Relative Strength Index (RSI) is likely to be accompanied by a further decline in EUR/GBP like the price action from last month. Nevertheless, failure to test the June low (0.8397) may keep the RSI out of oversold territory but need a move back above 0.8470 (61.8% Fibonacci extension) to bring the monthly high (0.8499) on the radar. --- Written by David Song, Strategist at FOREX.com
by FOREXcom