GBPEUR trade ideas
EUR/GBP may rise 21 - 31 pipsOur pivot point stands at 0.8323.
Our preference
The upside prevails as long as 0.8323 is support.
Alternative scenario
The downside breakout of 0.8323 would call for 0.8306 and 0.8296.
Comment
The RSI is trading above 70. This could mean that either the pair is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.8329 and 0.8330). Finally, the EUR/GBP is trading above its upper Bollinger band (standing at 0.8343).
Supports and resistances
0.8397 **
0.8386 *
0.8376 **
0.8366
0.8345 last
0.8330
0.8323 **
0.8306 *
0.8296 **
Number of asterisks represents the strength of support and resistance levels.
EURGBP. Price Action long term ideaHi, everyone
On the monthly TF, the price is near a strong support level. The price has repeatedly turned around in this zone in 2020 and 2022. An idea for lovers of long-term trades, entry in the zone 0.8250-0.8310 with a target of 0.8950-0.9000.
Good luck to everyone and have a nice day!
EURGBP H1 Impulse UpAs explained in detail in the free weekly outlooks , check it out for the complete picture!
H1 looking for 5 up.
Looking for buy setups against the invalidation point on the lower timeframes, targets on the chart.
Good luck and trade safe!
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Thank's to all the traders in advance that hit the thumbs for your support.
Enjoy!
EURGBPEURGBP.
Will EURGBP get bids from buyers ?
As the price is at strong support level and bullish divergence indicating the buyers may attack this zone. If this happens and buyers start buying from here then the next target could be 0.8400 followed by 0.9000.
What you guys think of this idea?
EURGBP Potential DownsidesHey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.83500 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.83500 support and resistance area.
Trade safe, Joe.
EURGBP Shorting OpportunityAccording to COT report, EURO Non Commercial Shorts increased around 36% while GBP has been strong for a while. I am going to wait for price to come back to 50% retracement and look for opportunity to enter. Again, I might be very wrong about this but it looks like, it's worth giving it a try. Daily MACD also shows a weak bearish move.
EURGBP - Long It is seen that trend has reversed with the formation of HH and HL. Piercing candle at HL and formation of Bullish engulfing at subsequent HL show that trend would be continued.
EURGBP Expected Growth! BUY!
My dear subscribers,
EURGBP looks like it will make a good move, and here are the details:
The market is trading on 0.8334 pivot level.
Bias - Bullish
My Stop Loss - 0.8324
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.8355
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
EUR/GBP Day Trading Analysis With Volume ProfileOn EUR/GBP , it's nice to see a strong buying reaction at the price of 0.83030.
There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again.
GAP + Uptrend and high volume cluster are the main reasons for my decision to go long on this trade.
Happy trading
Dale
EUR/GBP "The Chunnel" Bank Money Heist Plan on Bullish SideHola! My Dear Robbers / Money Makers & Losers, 🤑 💰
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Stop Loss 🛑 : Recent Swing Low using 30M timeframe
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EG Short - low volume as it is but if price holds below this POC on volume, I will look to go short.
EURGBP: Bulls Will Push Higher
Looking at the chart of EURGBP right now we are seeing some interesting price action on the lower timeframes. Thus a local move up seems to be quite likely.
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RANGING MARKETHello traders, EURGBP has been ranging for years and now we can clearly see that it has approached our Support zone. We should expect a long term bullish trend for couple of years coming. let see what patterns are gonna form on our support zone.
NB:NO REVERSAL PATTERNS NO ENTRY
EURGBP - Sell from bearish OB !!Hello traders!
‼️ This is my perspective on EURGBP.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. My point of interest is imbalance filled and rejection from bearish OB.
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EURGBP Set To Grow! BUY!
My dear subscribers,
EURGBP looks like it will make a good move, and here are the details:
The market is trading on 0.8326 pivot level.
Bias - Bullish
My Stop Loss - 0.8312
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.8349
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
Market Analysis 10/18/2024Hello,
Thank you for taking the time to join me in reviewing what our general outlook on the market is currently.
EUR/GBP Long Opportunity Amid Bearish TrendHello,
Despite the overall bearish trend in OANDA:EURGBP , it presents a solid opportunity for a long position, provided the price holds above the previous low and respects the established support level.
TradeWithTheTrend3344
EURGBP-BUY strategy 3-hourlyI suspect we are a bit overdone on the downside, and more over, EURUSD has run its course and is severely oversold, and this should attact EUR buying for a lo0t of the crosses.
Strategy BUY @ 0.8310-0.8325 and take profit near 0.8378 for now. SL based on personal preferences.
EUR_GBP LOCAL LONG|
✅EUR_GBP fell again to retest the support of 0.8310
But it is a strong key level
So I think that there is a high chance
We will see a bullish rebound and a move up
LONG🚀
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Euro-pound tests 83p again: consolidation or continuation?As against the dollar, the euro has weakened in its pair with the pound too recently, but the downtrend here has been active since August. There seems to be some potential for further losses since there’s no evidence of selling saturation currently and volume is higher here than for euro-dollar compared to the average of each.
However, second and subsequent tests of important areas are usually less likely to break through. A move below 82p would be an eight-year low: since 82-83p has been tested many times unsuccessfully since December 2016, a breakout lower in 2024 is unfavourable unless there’s a big shift in sentiment or the overall picture from economic data.
British inflation for September was 1.7%, the same as the eurozone’s, and it doesn’t seem likely to push back up significantly over the next few months. Sooner or later, the Bank of England is likely to start its own extended cycle of loosening. When that happens, there’ll be less pressure on the euro here.
These opinions are personal to the writer; they do not reflect those of Exness.
