EUR/GBP - Clarity!Clear DownTrend for a good sells, long term: it will probably consolidate, just as the EUR/GBP likes, but it will not change its direction no matter how much it wants to fool us haha. Keep it Simple! Shortby DAISTRUM0
Experts meeting on the EURGBP chart ,careless friday, cheerupwait for the full swing then long it 4leg experts begging you possible buy and hold trade try to buy as low as possible .85303 tp 85737Longby AdriaFX3
EURGBP Buy Scalp IdeaWe've swept external range liquidity and now I think price is going to reverse to target internal range liquidity. We have also held the key level 0.85460 and formed a bullish market structure shift to the upside. I am taking partial profits at the fair value gap, but also I think there will be enough momentum to target the highs on the other side and maybe even push to the key level of 0.85770.Longby UnknownUnicorn46588180Updated 1
Trend Break - Not too strong but can see - for the short term EGTrend Break - Not too strong but can see - for the short term EG 1- Broke trend 2- Re-test right shoulder 3- RR - smallest for Trader RR: 3:1 --- 5:1 #hsgfx #hoangsongroupShortby HoangSon-Group224
check the trend A corrective trend is expected to form and advance to the indicated support levels. Then it is expected that a trend change will take place and we will witness the beginning of an upward trendby STPFOREX0
Possible bullishHey a possible pattern for bullish forecast. What do you think about it? I'm reading your opinionsLongby andresserpasm1
EURGBP: Rejection on the 1D MA50. Sell signal.EURGBP is technically bearish on the 1D timeframe (RSI = 37.174, MACD = 0.000, ADX = 32.150) as it is extending the selling since the December 28th 2023 High near the top of the 1 year Channel Down. For the last 3 days it has failed to cross over the 1D MA50, even though it got too close, and a rejection today can start a bearish wave of minimum -1.78%, much like July 11th 2023. Consequently we are short with TP = 0.84250, even though the long-term extension can even be at -4.04% or even the 2.0 Fibonacci level. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##Shortby InvestingScope4
EURGBP SELL IDEA ANALYSISOn the weekly Timeframe we have price clearing the Previous week High. Still on the weekly timeframe we have price trading at a bearish breaker. Boiilng down in to the H1 Timeframe. 1. We have a change in the state of delivery (CISD) thereby indicating bearishness. 2. We have a run on stops/stop raid inside the weekly bearish breaker. 3. We have price reacting off the H1 OrderBlock (OB-) at London Open Alternative scenario: We can have the H1 OrderBlock fail to hold price down for lower prices and can break above it therefore advancing higher. Fundamental Outlook: Data release for sterling on Thursday was February's preliminary S&P Global/CIPS Composite Purchasing Managers' Index (PMI), which spans services and manufacturing firms, which rose to 53.3, the highest in nine months. S&P's data statement also noted that inflationary pressures remained elevated, and that "the rate of input price inflation edged up to its strongest since August 2023, largely due to rising salaries in the service sector". Analysts said that meant the Bank of England could keep interest rates at their current level for longer. This proves more short term strength for the GBP.Shortby Sherman_Trades3
EURGBP 20.02.2024please make sure of them and do not risk, this is our analysis and ideas. Please observe the capital carefully and do not risk more than 1% of your capital Good luck to everyoneby HejaaaUpdated 4
Bullish EurGbpThis pair has been trading in a box pattern for over 3weeks now. A break outside the box was observed securing new highs. long position possible once previous new HH is brokenLongby rejoicem76Updated 111
a Potential DeclineEURGBP is hovering around the price of 0.85668. A meticulous analysis, particularly focusing on the Stochastic RSI indicator, signals overbought conditions at this level, suggesting a probable downturn towards the support level at 0.84998. The Stochastic RSI indicator, renowned for identifying potential trend reversals, is exhibiting signs of exhaustion in the buying momentum on the current EURGBP chart. This overbought condition indicates a saturation point in bullish sentiment, often preceding a corrective move lower. The significance of the resistance-turned-support level at 0.84998 cannot be overlooked. Historically, this level has played a pivotal role in price action, acting as a strong support barrier during previous market movements. Therefore, it holds considerable importance in determining potential price movements moving forward. Several factors contribute to the bearish outlook for EURGBP. Firstly, broader market sentiment and economic fundamentals may favor the strengthening of the GBP against the EUR. Factors such as diverging monetary policies between the European Central Bank (ECB) and the Bank of England (BoE), geopolitical developments, and economic data releases could influence market sentiment in favor of the GBP. Additionally, technical indicators beyond the Stochastic RSI further validate the potential for a downward movement. These may include moving averages, trendlines, and chart patterns, all of which provide additional confirmation of a possible reversal in price direction. It's imperative for traders and investors to closely monitor price action around key levels and observe any confirmatory signals that may validate the anticipated downtrend. Furthermore, risk management strategies should be employed to mitigate potential losses in the event of unexpected price movements. In conclusion, the analysis of EURGBP suggests a potential decline towards the support level at 0.84998, supported by the Stochastic RSI indicating overbought conditions. Traders should exercise caution and employ proper risk management techniques while navigating this potential reversal in price action.Shortby Indonesia1945Updated 1
EUR/GBP: Insights from ING Analysts Amidst Economic TrendsEUR/GBP, the currency pair capturing the pulse of Eurozone and British economic landscapes, has recently garnered attention with analysts from ING suggesting a potential bottom at 0.8500. Amidst a flurry of economic indicators and central bank remarks, the market is abuzz with anticipation of what lies ahead for this currency duo. January's UK retail sales figures have injected optimism, surpassing all estimates with a notable 3.4% month-on-month increase. This positive development comes in the wake of softer-than-expected GDP numbers, indicating the UK's descent into a recession in late 2023. However, the reaction of the Pound Sterling (GBP) has been relatively muted, reflecting a narrative of cautious optimism in the face of economic headwinds. According to ING analysts, there's a sense of stabilization looming, with the 0.8500 level potentially serving as a bottom for EUR/GBP. This projection hinges on perceived mispricing of monetary policies in both the UK and the Eurozone, suggesting a possible rebound in the near future. Recent testimony from Bank of England (BoE) Governor Andrew Bailey and other policymakers provided further insights into the UK's economic outlook. While acknowledging investor speculation about potential interest rate cuts, Bailey underscored indicators pointing to economic recovery post-recession. BoE Deputy Governor Ben Broadbent echoed this sentiment, emphasizing robust wage growth and services inflation as indicators of sustainable economic performance. However, challenges persist for the Euro, contributing to pressure on the EUR/GBP cross. Market caution, fueled by global uncertainty surrounding interest rate cuts, has weighed on the Euro's prospects. Yet, China's decision to lower its five-year Loan Prime Rate (LPR) to stimulate its economy offers a glimmer of support for the Euro, given the close economic ties between China and the Eurozone. As traders brace for the release of Purchasing Managers Index (PMI) data from both regions, volatility looms on the horizon. European Central Bank (ECB) President Christine Lagarde's emphasis on wage data underscores the significance of these upcoming economic indicators in shaping future monetary policy decisions. From a technical standpoint, the rebound from the 0.8500 support level suggests a potential uptick in EUR/GBP value. With previous instances of price rejection in this area, there's optimism for a push towards the 0.86500 - 0.87000 range. In conclusion, EUR/GBP stands at a critical juncture, influenced by a myriad of economic factors and central bank policies. While challenges persist, analysts foresee a potential turnaround, with 0.8500 serving as a pivotal level amidst evolving market dynamics. As traders navigate uncertainty, eyes remain keenly focused on upcoming economic data releases and central bank pronouncements for further clarity on the trajectory of this currency pair. Longby FOREXN1114
EURGBP - Price can correct to support area and then bounce upHi guys, this is my overview for EURGBP, feel free to check it and write your feedback in comments👊 Some time ago price made downward impulse from resistance level to $0.8555 level, which coincided with support area. Later GBP started to rise near support line and rose back to $0.8700 level, but then price turned around. After this, price entered to falling channel, where it soon broke support line and declined to support line of channel. Then GBP declined lower than $0.8555 level, but in a short time later price turned around and bounced up to this level. Also, price exited from channel and soon broke $0.8555 level, where now it continues to trades near. In my mind, British Pound can make correction to support area and then continue to grow to $0.8620 If this post is useful to you, you can support me with like/boost and advice in comments❤️Longby WalterMoon6
eurgbp long welcome here is my eurgbp long idea its based on price is uptrending price is trading above the weekly pivots already the 3rd week price trading above all ema´s bullish bias in my mind here im thankful to see how this setup plays out Longby Romanovic114
LONGING EURGBP!I am looking for a bullish continuation up to the HDP, it is a quick trade and should not take too long. Longby BEFBUNNY2
EURGBP on 1HHi , folks, I would like to share my analysis on the EUR/GBP on the 1H. As you can see , the price has recently reached the daily zone , sweeping the liquidity in that area.Following this move , there has been a sharp turn in price, indicating potential upward movement. Based on the candlestick formations I've observed, I have taken a long position on EUR/GBP. If you have any questions or require further clarification , feel free to ask.Longby somayehbasiri110
possibility of uptrend As long as the price fluctuates above the green support range, the upward trend will continue according to the specified paths. Consolidation above the resistance range will create a continuation of the upward trendLongby STPFOREX0
EURGBP Bearish ideaPotential bearish entry Dow Theory in Place: Lower High and Lower Low Expected in Place The Price was rejected from resistance and Trendline. The entry from fib level 0.5 Entry, SL, and TP levels are defined.Shortby khabeerkhalid0
eurgbp sell ideafair value gap, bos, change of character, discount and premium zoneShortby karamovski13142
reaction to the 2023 lowsI expect a price above 0.85800 tomorrow morning to look for a long entryLongby unemployeddd0
Long EURGBP "I have taken a long position on EURGBP as the price has reached a significant demand zone, indicating a potential reversal in the pair's movement. This strategic decision is further supported by the recent weakness in the British pound following lower-than-expected inflation data from the UK. The combination of technical analysis and fundamental factors presents a compelling opportunity for this trade. I will closely monitor market dynamics, including economic indicators and central bank policies, to capitalize on potential price movements effectively. It is crucial to implement sound risk management practices and adhere to a disciplined trading strategy to optimize returns and manage risks in this trade."Longby JuanHernandez1
EURGBP: Insights into Current Market Dynamics (Top Down)Right! I will keep it simple. EURGBP on the weekly timeframe currently resides within a DEMAND zone, indicating the possibility of an upward movement in price from this region. Additionally, on the daily timeframe, price has shown rejection at a supportive level. Furthermore, the hourly chart has transitioned from a bearish to a bullish stance, while the 45-minute structure also presents a bullish outlook. In light of these indicators, it is anticipated that price action will likely find support at the marked demand area as depicted on the chart. Goodluck!Longby Koolermactrez0
EURGBP: Short Signal Explained EURGBP - Classic bearish pattern - Our team expects retracement SUGGESTED TRADE: Swing Trade Sell EURGBP Entry - 0.8572 Stop - 0.8587 Take - 0.8538 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️ Shortby UnitedSignals111