Foreign exchange analysts at BNP Paribas suggest the Euro (EUR) is tipped to rise against the Pound Sterling (GBP) in the near-term outlook. They believe that although UK data has been surprisingly strong recently, the underlying data strength remains subdued. "UK data have been surprisingly strong recently, but surprises tend to mean revert and underlying data...
Pound Sterling Forecast: Extended Range Trading for EUR/GBP Danske expects that the Bank of England will increase interest rates for a final time in June. It notes that at least one further rate hike is priced in by markets which will limit scope for Pound buying. It does, however, consider that the Pound is slightly undervalued which will underpin the...
Foreign exchange analysts at ING have updated their latest currency forecasts and predictions for the Pound Sterling Sterling will be influenced by global economic and financial conditions. It notes; “Sterling’s correlation with risk assets has fallen a lot this year – a factor probably helping sterling at the moment.” The Pound will still tend to be vulnerable...
After price broke structure to the downside, it impulsively retraced and retested 4h supply zone. It then reversed, breaking structure on a smaller timeframe which gave us a shift in market structure. Price has now formed liquidity which it could potentially use to push further to the downside
Hey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.87400 zone, EURGBP is trading in a downtrend and currently seems to be in a correction phase in which it is approaching the major trend at 0.87400 support and resistance zone. Trade safe, Joe.
Trade Idea: Selling EURGBP Reasoning: Selling into horizontal resistance on the daily chart Entry Level: 0.8709 Take Profit Level: 0.8576 Stop Loss: 0.8754 Risk/Reward: 2.9/1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading....
UK: Labor data to keep Bank of England expectations hawkish The Bank of England has made it clear that the decision on June rate hike will be underpinned by the two sets of wage and inflation data out before the next meeting. The first of these unemployment and wage numbers will be out on Tuesday, with consensus expectations not suggesting any let up in concerns...
Pound Sterling briefly dipped after the GDP data on Friday, but still found support on dips with GBP/USD around 1.2530 and GBP/EUR at 1.1475. The Pound to Dollar (GBP/USD) exchange rate strengthened to 1.2640 in an immediate response to the Bank of England policy decision on Thursday. There was, however, a notable reversal later in the session as risk appetite...
After the yesterday's pullback, EURGBP reached a wide horizontal zone of supply. 0.873 - 0.8765 is the area from where the next bearish move will most likely initiate. The next goal for the sellers will be 0.866 Because the underlined area is quite wide, look for an intraday confirmation before you sell. ❤️Please, support my work with like, thank you!❤️
Monetary Policy: A Hawkish Stance? The BoE's impending monetary policy decision is a critical factor underpinning Sterling's performance. The analysts' consensus is that the BoE will adopt a hawkish stance, with a 25 basis point hike in the bank rate. This move would bring the bank rate to 4.50%, in line with market expectations. "We expect the BoE to hike...
Hey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.87100 zone, EURGBP is trading in a downtrend and currently seems to be in a correction phase in which it is approaching the major trend at 0.871 support and resistance zone. Trade safe, Joe.
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. EURGBP is still overall bullish trading inside the rising broadening wedge in brown. Moreover, the zone 0.87 is a support zone . 🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green support and lower brown...
Hey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.87700 zone, EURGBP was trading in an uptrend and managed to break it out. in the current moment we'll be monitoring a potential retrace of the trend from 0.877 support and resistance zone towards more lows. Trade safe, Joe.
Potential ABC zig zag spotted. Looking for 20% min (fibonacci tool). Looking for entry on candle close if color stays same. Not advice.
EUR/GBP Swing Targets Based on the analysis conducted my internal algorithm, there is a primarily bearish trend detected in the EUR/GBP pair. Swing targets have been identified and are indicated on the chart.
Hey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.882 zone, EURGBP is trading in an uptrend and currently seems to be in a correction phase in which it is approaching the major trend at 0.882 support and resistance zone. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.88200 zone, EURGBP is trading in an uptrend and now seems to be in a correction phase in which it is approaching the major trend at 0.882 Support and resistance zone so we will be how the price action there will be for a potential reversal. Trade safe, Joe.
Hey Traders, in the coming week we are monitoring EURGBP for a buying opportunity around 0.88000 zone, EURGBP is trading in an uptrend and now seems to be in a correction phase in which it is approaching the major trend at 0.88000 support and resistance zone. Trade safe, Joe.