EURGBP LONGPattern inside a pattern(descending channel inside a descending channel) shows a potential bullish reversal.Longby ThePinnacleTrader228
EURGBP EURGBP Entry point :- 0.84608 Stop lose :- 0.83956 Risk :- 0.50% Target 1 :- 0.8526 Target 2 :- 0.8591Longby TURTLETRADER313114
EURGBP Potential Long PositionDespite having two potential news on the way. The Indications show probable long entries Longby simonlynch456113
EURGBPThe pair has broken the market structure amidst a major divergence in momentum. 0.85000 level is the next favorable level for price to rally to short term. Take long position as shown in the image.Longby GALACTICtradingspace222
EURGBP shorting ideaHello all Price has broke the low on JUN 10th and made a new double bottom. What I can see now is a retracement back to the discounted area to drop lower. Now we have to carefully monitor price to make a LTF flip as a confirmation. If price creates high above 0.84728. We might see a continuation to the up side. But to be sure we need have a full body closure. This pair has lots of spikes in previous movements. SL & TP you can see from my image obviously, I won't make any details here. Please trade on your own risk. Good luckShortby Badi_GunnarsUpdated 332
EUR/GBP 1-hour chart analysis: Regression trading strategy usingDownward channel: The price fluctuates within the downward channel, showing a downward trend. Rebound point: The price rebounds near the upper boundary of the channel and continues to fall. Trading strategy: Regression trading strategy: Look for short opportunities when the price approaches the upper boundary of the downward channel. The stop loss can be set above the upper boundary of the channel, and the target price can be the lower boundary of the channel or a lower support level.Shortby Day_Trading_Attack_Penguins113
EURGBP Buy signalPrice has made a consolidation phase, and then try to break the support to make a continuation, but failed. It means that the market will potentially go to the opposite direction. Now, price has break the resistance, and has done a retest. Potential buy position at 1:2 RR. Enjoy it.. Longby Hendramanalu113
EURGBP - Basic Fibo Retracement Basic fibo reversal trades based on 2 entries, one from 0.5 level and one from 0.618 Longby KaracTradeUpdated 111
EURGBP BUY ,THEN SELLEURGBP technically has break the Resistance level which now become a new SUPPORT. Target TP at the possible SELL ZONE in which we can see a FRESH BASE. For price to move further down, it has to break the new SUPPORT.by AAUN111
eurgbp showing weakness or continuationI've had to put this on a 2w chart to show the range, price is stalling at the top of the range ( maybe considered as consolidation), it either breaks to the upside, but my bias on this is short, this will take time but should give ample opportunity. Levels in green are potential ltf profit points but eventually i'd like to see price below the consolidation around 84 level An ideal trigger would be a sell off from the NFPShortby botlyUpdated 223
Lingrid | EURGBP bearish TREND. ShortThe price perfectly fulfilled my last idea. It hit the target. FX:EURGBP is currently trading within a descending channel, and after testing the support level and making an impulse leg down, the price has pulled back towards the resistance zone and trendline. I believe that given the bearish major trend on the daily timeframe, it's likely that the market will continue to move downward. The price is currently near the resistance zone and trendline, which suggests that it may struggle to break through these levels and maintain its downward momentum. My goal is to support at 0.84200 Traders, if you like this idea or have your own opinion on this matter, write in the comments. I will be glad 👩💻 Shortby Lingrid448
Market Analysis: EUR/GBP Poised For More LossesMarket Analysis: EUR/GBP Poised For More Losses EUR/GBP is declining and trading below the 0.8410 support level. Important Takeaways for EUR/GBP Analysis Today - EUR/GBP is declining and showing bearish signs below 0.8460. - There is a major declining channel forming with support at 0.8410 on the hourly chart at FXOpen. EUR/GBP Technical Analysis On the hourly chart of EUR/GBP at FXOpen, the pair struggled to gain pace for a move above 0.8520. The Euro settled below 0.8490 and started a fresh decline against the British Pound. There was a clear move below the 0.8470 pivot level. The EUR/GBP chart suggests that the pair settled below the 50-hour simple moving average and 0.8460. A low is formed near 0.8412 and the pair is now consolidating losses. Immediate resistance is near the 50% Fib retracement level of the downward move from the 0.8457 swing high to the 0.8412 low at 0.8435 and the 50-hour simple moving average. The next major resistance could be near the 76.4% Fib retracement level of the downward move from the 0.8457 swing high to the 0.8412 low at 0.8445. A close above the 0.8445 level might accelerate gains. In the stated case, the bulls may perhaps aim for a test of 0.8470. Any more gains might send the pair toward the 0.8490 level. Immediate support sits near 0.8410. There is also a major declining channel forming with support at 0.8410. The next major support is near 0.8380. A downside break below the 0.8380 support might call for more downsides. In the stated case, the pair could drop toward the 0.8350 support level. Trade over 50 forex markets 24 hours a day with FXOpen. Take advantage of low commissions, deep liquidity, and spreads from 0.0 pips. Open your FXOpen account now or learn more about trading forex with FXOpen. 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 FXOpen116
EURGBP SWING LONGAnticipating a huge swing long for eurgbp due to a descending wedge pattern on the weekly chart. There is an extended move break to the downside and a stop loss hunt completed so i am expecting a strong move from hereLongby Chathifriends334
Geopolitical Jitters?We’ve seen the euro plummet this week but is the move an overreaction to the geopolitical events currently taking place in Europe? With the snap election in France and the rise of the far right in Germany along with the recent rate reduction from the ECB are we now starting to see the cracks emerge? Personally, I think not. Whilst the EU may have its challenges ahead, so does every other economy, and I don’t really see the UK dodging any bullets in this regard. With flat gdp growth and rising unemployment I think the UK has its own challenges. Let’s not forget the expected change in government due on the 4th of July. Markets are anticipating a reduction in rates from the BoE as early as the summer and so I think this recent break of support is likely an overreaction. Since q4 22’ we’ve seen the price moving within the confines of a large falling wedge (yellow) and at present it seems to have settled near the bottom end of the range. We are also starting to see divergences develop between price action and the indicators, with the daily starting to enter oversold territory. I expect support will be found anywhere between 0.8340 - 0.8400 (grey) but as most retail traders seem to be long I’m anticipating that the price may still have some more to drop before we see any meaningful rise. That being said, I’m still reaffirming my stance on short-term long trades, maybe I’ve missed the boat already but I doubt it. In any case, I’d rather be right and miss it than enter and be wrong. I’ll update if the price enters my poi but for now I’ll wait for confirmation. Trade safe. Longby jamesfrench73Updated 445
EURGBP Trading Signal: BuyAttention traders! Based on the latest analysis from our EASY Quantum Ai strategy, we have identified a promising trading opportunity for the EURGBP currency pair. Direction: Buy Enter Price: 0.84592 Take Profit: 0.84713333 Stop Loss: 0.84396333 Why this recommendation? 1. Economic Indicators: Recent economic data from the Eurozone has shown signs of improvement, with key indicators such as GDP growth and manufacturing output beating expectations. This suggests stronger economic fundamentals supporting the Euro. 2. Technical Analysis: The EURGBP pair has been showing a strong bullish trend with significant support levels being maintained. The current price action indicates a potential continuation of this upward movement, which aligns with our strategy. 3. Market Sentiment: Sentiment analysis reveals a positive outlook for the Euro against the Pound, partly driven by uncertainties around UK’s economic policies post-Brexit, making the Euro a more attractive option for investors. Stay vigilant and monitor the market to ensure your trading strategy aligns with the latest market movements. Happy Trading!Longby ForexRobotEasyUpdated 774
EurGbp could drop hard and test 0.8From a fundamental standpoint, given the political problems in the EU, the GBP is expected to outperform the Euro, regardless of what happens with the major pairs (EUR/USD and GBP/USD). This, combined with the technical outlook, could create a promising selling opportunity for EUR/GBP. As shown in the chart, the pair broke a major support level this week. Considering the descending triangle pattern that has contained EUR/GBP since late January, we could see an acceleration to the downside, potentially leading to a 400-pip drop to test the 0.80 psychological support. My strategy is to sell on rallies. Shortby Mihai_Iacob114
EURGBP: Ready for another bearish move?EURGBP: Ready for another bearish move? We can see two different corrections on the EURGBP chart. Lately it moved in very strange ways but it looks like is getting back to normality. EURGBP is about to breakout from the second correction and the chances are that it can begin a bearish movement as well. The first support and target zone will be found near 0.8370 and 0.8330 You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️Shortby KlejdiCuni118
Potential Bullish Reversal! - EGHere I have EUR/GBP on the 4 Hr Chart! Here we see Price has made 2 clear Lows ( Latter Lower than Previous Low ) with a High @ .84579 -Now to bring attention to the RSI Indicator, we can see Price is showing a different picture ( Latter Higher than Previous Low ) -We also have a Double Tap on the Lower Bollinger Bands These events add up to what seems to be a Divergence taking place where Price has made its True Low and RSI indicates its no longer looking to go LOWER!! Now for CONFIRMATION of this Potential Double Bottom Pattern, we NEED Price to Break and Close ABOVE the High @ .84579 and then to Re-test! INVALIDATION of Pattern will come if Price decides to go Lower than our Low @ .83972Longby Novi_FibonacciUpdated 117
EURGBPWe looking for buying opportunities as we have broken outside the bearish wedge resulting in buys-1H TIMEFRAMELongby officialpotego_fx5
Eurgbp sellWhy? - downtrend confirmed overall - there's a clear gap which will be retested - wait for the retest close to the major zone - probably also wait for a bearish engulfing candlestick pattern Trade wisely Use proper risk management Good luck 🍀Shortby Gideonempire5
EURGBP to find sellers at market?EURGBP - 24h expiry The primary trend remains bearish. The sequence for trading is lower lows and highs. Risk/Reward would be poor to call a sell from current levels. Preferred trade is to sell into rallies. Bespoke resistance is located at 0.8455. We look to Sell at 0.8455 (stop at 0.8473) Our profit targets will be 0.8410 and 0.8400 Resistance: 0.8455 / 0.8470 / 0.8485 Support: 0.8425 / 0.8410 / 0.8395 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.Shortby OANDA4
EURGBP is approaching a significant resistanceHey Traders, in tomorrow's trading session we are monitoring EURGBP for a selling opportunity around 0.84900 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.84900 support and resistance area. Trade safe, Joe.Shortby JoeChampionUpdated 5
EURGBP Bullish (1H Div, Double Bottom)EURGBP showing bullish momentum based on 1H divergence and double bottom reversal pattern. Entry is taken at CMP with SL at the previous LL and TP at 1:1 and 1:2. What do you think, will it work?Longby halian2k4