EURGBP DUMP! :)The move to the upside was made, now the move towards the downside will be a movie...Shortby DannyKhan132
EUR/GBP SELL STOP at .8620Yesterday I SHORTED this pair from just below the WR1 pivot. There was French and German Flash Manufacturing & Service PMI this morning so I banked the profit and waited to see what the print was. All releases came out in green numbers and inevitably this gave a boost to the EUR. Key now was the realease of the same data out of the UK. This too came out in green numbers for Services amd red for manufacturing (mirroring the French and German print). Before all this data EUR/GBP was drifting lower and I expect this direction south to continue. However. The price has been stuck at 25 EMA which has so far supported the price and prevented EUR/GBP BEARS from driving the price south. We need to see this EMA broken so in anticiaption of this, I've set a SELL STOP at .8620 which is 6 pips under the currenct price. ON the H1 time frame RSI is declining as is MACD. The red SELL line of the Andean Oscillator is rising and the green BUY line has crossed the signal line. All these are BEARISH signals so its likely we may see the price decline. There's Manufacturing and Services news out in the US at 14:45 but its uncertain how this will affect the market. If the trade is triggered then place stops above the 25 EMA and look at the WPP pivot at .8583 as potential target though momentum will (as ever) determine stops and take profit.Shortby forextraplaces0
EUR/GBP Fundamental and Technical AnalysisEUR/GBP Fundamental and Technical Analysis The EUR/GBP pair experienced a bout of volatility following the release of mixed UK PMI data on Tuesday. The market’s reaction was a blend of anticipation and caution as investors digested the implications of the economic indicators. Mixed Signals from the UK The UK’s Purchasing Managers’ Index (PMI) data presented a complex picture, with the Services PMI notably improving to 54.9 in April. This figure surpassed both the expected 53.0 and the previous month’s 53.1, signaling a robust expansion in the services sector. The positive surprise provided a momentary uplift to the sterling, as it suggested resilience in the face of broader economic headwinds. ECB’s Interest Rate Strategy Adding to the currency dynamics, ECB Vice President Luis de Guindos’s statement that the central bank is poised to lower interest rates in June introduced a dovish tone to the Eurozone’s monetary policy outlook. This announcement exerted downward pressure on the euro, as lower interest rates typically decrease the currency’s attractiveness to yield-seeking investors. The Impact on EUR/GBP The juxtaposition of the UK’s stronger-than-expected Services PMI and the ECB’s rate cut plans created a tug-of-war scenario for the EUR/GBP. 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❤️ Longby KlejdiCuni6
SHORT EUR/JPY from .8642Since the middle of last week we have seen all GB P pairs selling off. GBP/JPY was a gift of a week last week for traders as price repeatedly hit areas of resistance only for GBP/JPY BEARS to push the price south. Every trading day last week the price of GBP/JPY hit the WR1 pivot and retreated and the WR1 and WS1 pivots are key to my trading as you can plot these at the start of week and plan for when/if the price hits. In the last few hours we can see GBP is rising. WS1 has been hit across several GBP pairs and its clear that there is some BULLISH momentum around. Obviously, if GBP is rising then EUR/GBP will fall. The price has just failed to reach WR1 and its not impossible EUR/GBP BULLS may try to take the price to this level but its also possible that EUR/GBP BEARS will jump on this pair and drive the price south. RSI was as high as 88 a couple of candles ago but now is reading 73. MACD on the lower timeframes is signalling SHORT and the Andean Oscillator sees the red SELL line reading over zero having been flat. The path of least resistance is south and the BULLS have it all to do to push back into overbought to move the price higher. STOP for this is a hard stop at .8650 (8 pips) and the target initially is .8583 which is WPP mid pivot though the I'll close the trade if there are signs of any BULLISH recovery.Shortby forextraplacesUpdated 4
EURGBP - Fibo Retracement TradePulse to the upside has retraced over Fib (0.318) level and broke back the Fib (0) level. Direct close on the Fib counts as a direct entry. Not waiting for a break and retestLongby KaracTrade0
EURGBPThe pound tanking, I see a potential short - mid term gains for the EURGBP upto 0.8630/0.8640 - 0.8650. I expect to see some sort of retracement before sailing to targets 0.8630-40 in the short term. So on the look out for pullbacks during intra-day sessions. Longby GhosTrader_GTUpdated 1
EURGBP BUY SETUPEURGBP appears poised for a bullish surge. The setup is straightforward: anticipate a breakout followed by a retest of the support level, where rejection is expected before an upward movement ensues. Follow risk management Longby PotentFXUpdated 10
EUR/GBP Day Trading Analysis 📋On EUR/GBP, it's nice to see a strong buying reaction at the price of 0.85659. 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. The S/R zone from the past with uptrend, and high volume cluster are the main reasons for my decision to go long on this trade. Happy trading Daleby Trader_Dale3
uptrend Considering that the price has crossed the resistance range, it is expected that the continuation of the upward trend will be formed according to the specified paths. The current uptrend is expected to advance to the specified resistance levels or the previous ceiling range.Longby STPFOREX2
EUR/GBPThe current buy zone for EURGBP is at 0.86115, indicating a favorable entry point for traders looking to capitalize on potential gains. With three take-profit levels set at 0.86300, 0.86600, and 0.86800, there's a strategic plan in place to secure profits at various price levels as the trade progresses. These take-profit targets allow for a systematic approach to profit-taking, maximizing potential returns while managing risk. Additionally, a stop-loss order at 0.85800 serves as a safety net, limiting potential losses in case the trade moves against expectations. This structured trading strategy offers a balanced approach, combining calculated risk management with the opportunity for significant gains in the EURGBP market.Longby FOREX_trade_0111139
EUR/GBP H4 | Rising to 61.8% pullback supportAccount FP - #1080732 EUR/GBP is rising towards a pullback support and could potentially bounce off this level to fall lower. Sell entry is at 0.85638 which is a pullback support that aligns with the 61.8% Fibonacci retracement level. Stop loss is at 0.85737 which is a level that aligns with the 78.6% Fibonacci retracement level. Take profit 1 is at 0.85498 which is a pullback resistance that aligns close to the 38.2% Fibonacci retracement level. Risk/Reward Ratio: 1 : 1.41 Take profit 2 is at 0.85412 which is a pullback resistance that aligns close to the 23.6% Fibonacci retracement level. Risk/Reward Ratio: 1 : 2.28 Total risk 1.3% High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Shortby AlvardUpdated 113
EUR-GBP Local Short! Sell! Hello,Traders! EUR-GBP surged up sharply And the pair is locally overbought So as the pair is retesting A horizontal resistance level Of 0.8620 a local bearish Correction is to be expected Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!Shortby TopTradingSignals112
EURGBPAccording to my analysis, EURGBP has been consolidating in big zone between 0 and 100 Fibonacci, and we can see we had a breakout of the consolidation zone, i can wen need a pull back to 100% Fibonacci the i will go long to my sell zone.Longby Hassanberjawi1
EURGBP SHORT retest back to FVG or Resistance Early Next Week?Hello - Just sharing an idea for EURGBP Next week - I believe it will reach the FVG on the 15min chart before making its decision to bearish back to the support line (retesting) or a fairly large bull run following that.Shortby TinkyGainsBagsUpdated 111
EURGBP Broke out and important resistanceAttention Traders, In anticipation of tomorrow's trading session, our focus is on EURGBP, where we're closely monitoring a potential buying opportunity around the 0.86000 zone. EURGBP has recently broken out from a significant resistance level at 0.86000, signaling a bullish shift in momentum. Currently, the pair is undergoing a correction phase, retracing towards this breakout level. As we navigate the markets, it's essential to remain vigilant and capitalize on emerging opportunities. With EURGBP displaying a breakout above 0.86000, we're keenly observing for favorable entry points to capitalize on the bullish momentum in the pair. Trade wisely, JoeLongby JoeChampion4
Price Action|EURGBP Uptrend Retracement Trading Strategy"Our ironclad departure plan: activating the 1R break-even function, initiating the 2R trailing stop, all executed through our in-house EA tool."Longby Day_Trading_Attack_Penguins0
short for EURGBP*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.Shortby iminigham11Updated 1
✅EUR_GBP RISKY SHORT🔥 ✅EUR_GBP price grew again to retest the resistance of 0.862 But it is a strong key level So I think that there is a high chance That we will see a bearish move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅ Shortby ProSignalsFx112
EURGBP BREAKOUTEURGBP was trading in a range for a while it has given breakout on friday and closing was bullish buying is a good option once its in correction zone.Longby kashif19990
EURGBPThe overall trend on the monthly chart is bullish. On the weekly and daily charts, we have a bearish market structure indicating we are in a correction. On the 4 hour chart, we are awaiting a break of key structure to confirm bearish momentum. I am looking to trade the bullish correction thereafter targeting the disequilibrium between 0.85 to 0.87Longby morrisgitau1
EURGBP LONGHi traders, we can see the structure of EG rallied upwards from a demand area where it rejected off well. It continued bullish with a HH & HL structure which might tend to continue. At the current level I expect to get continuous rejections to confirm the LONG trade. Don't rush into impulsive trades, wait for price to come at significant/psychological level in order to execute and be patient. Think big in probabilities and biases so you don't be disappointed when market doesn't play out the way you expected it to. Follow me for more weekly predictions and hit the thumbs up button, comment and share!Longby Nas100_daxUpdated 112
SEIIV Studio's EUR/GBP Mid (M) Strat (BUY)Expect for EUR may drag market but expect GBP to uphold structure of market providing inclined momentum to TP 2 @0.75% - .86207, dont expect USD to bounce back although JPY may force market to take -15%-20% decline if not expect market to reach the safe breakout zone @ 0.9% @ .86393Longby Sylynt056Updated 334