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EUR/GBP Finds Support at 0.8400: Potential for a Bullish SetupAs anticipated, the EUR/GBP currency pair has found support around the 0.8400 level, aligning with our previous forecasts. This area has proven to be a strong demand zone, where buyers seem poised to initiate a retracement, potentially driving the price higher. Currently, the EUR/GBP pair remains within a consolidation phase. However, market sentiment indicates that buyers are preparing to step in, suggesting a possible upward movement. The current market conditions also coincide with a seasonal trend, historically known to favor an increase in EUR/GBP value over the coming weeks. Our comprehensive analysis of supply and demand dynamics supports the outlook for a bullish retracement. We are particularly focused on identifying long position opportunities, as the demand area around 0.8400 demonstrates significant support for the pair. Traders should watch for confirming signals of a breakout from the consolidation phase, which could mark the beginning of a sustained upward trend. In conclusion, the EUR/GBP is showing promising signs of a rebound from its current support level. With the convergence of technical analysis and seasonal factors, we are optimistic about the potential for a bullish retracement. Monitoring the pair closely for entry points in long positions could yield favorable trading opportunities in the near future. ✅ Please share your thoughts about EUR/GBP in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Long
by FOREXN1
3
EURGBP longhello everyone, price has been bearish and reached the main daily weekly support level... looking in 4hr tf, the price made new high and new high low... price is trending to bullish direction... price is not showing a strong bearish move, therefore price is liquidating and may become more bullish.. price may pull back to correction point 1 or 2.. however price is getting closer to 200sma... once price crosses 200sma price will remain bullish... at this point there is no confirmation as price is still ranging..
Long
by baigxy
Double Bottom w/ Break of Confirmation!! - EGHere I have EUR/GBP on the Daily chart! The Lows @ .83972 & .83827 seem to have found enough Support in this Zone since its last visit back in the summer of 2022! After BOE decided to cut their Interest Rates to 5% on Thursday, we see the end of the week gave us quite a Bullish close above the Lower High @ .8490 CONFIRMING the Double Bottom Reversal Pattern!! With the: -Divergence of Price vs RSI @ Level of Support -Break of Structure from LL to HH -and Price on RSI Above 50 *All that's left is to wait for Price to retrace back down to the .8490 area where the Break of Confirmation of Pattern happened for some potential Buy Opportunities!!
Long
by Novi_Fibonacci
1
EURGBP Is Going Down! Sell! Please, check our technical outlook for EURGBP. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 0.849. The above observations make me that the market will inevitably achieve 0.846 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
EURGBP: Uptrend Potential Amidst Diverging Monetary PoliciesThe Euro (EUR) has been gaining ground against the British Pound (GBP) in recent times, primarily driven by diverging monetary policy stances between the European Central Bank (ECB) and the Bank of England (BoE). Market expectations point towards a more aggressive interest rate cutting cycle in the UK compared to the Eurozone. While both central banks have hinted at potential rate reductions to stimulate their economies, the BoE is anticipated to act more swiftly. Historically, interest rate cuts tend to weaken a currency. Coupled with the perceived resilience of the Eurozone economy relative to the UK, this dynamic has been supportive for EURGBP. However, it's crucial to remember that currency markets are influenced by a multitude of factors. Economic growth, geopolitical tensions, and investor sentiment can significantly impact exchange rates. Therefore, while the current landscape favors the Euro, the situation remains fluid and subject to change. From a technical perspective, short-term indicators suggest potential upward momentum for EURGBP. However, conflicting signals from longer-term indicators introduce caution. Traders should carefully consider this analysis in conjunction with other factors before making trading decisions.
Long
by ProfessorCEWard
EURGBP Under Pressure! SELL! My dear subscribers, My technical analysis for EURGBP is below: The price is coiling around a solid key level - 0.8443 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 0.8423 My Stop Loss - 0.8458 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
Bearish drop?EUR/GBP has reacted off the pivot and could potentially drop to the 1st support which is a pullback support. Pivot: 0.84419 1st Support: 0.84164 1st Resistance: 0.84589 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
1
EURGBP The Target Is DOWN! SELL! My dear followers, This is my opinion on the EURGBP next move: The asset is approaching an important pivot point 0.8428 Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 0.8418 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
EURGBP Set To Fall! SELL! My dear subscribers, My technical analysis for EURGBP is below: The price is coiling around a solid key level - 0.8444 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 0.8419 My Stop Loss - 0.8462 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
EUR/GBP Forex Pair Analysis: Key Levels and Market Insights✨ Welcome to my channel. Here, we analyze a new crypto project or Forex pair every day. 📅 Let's dive into today's analysis, focusing on the EUR/GBP pair in the Forex market. 🗂 About the Pair: EUR/GBP represents the exchange rate between the Euro and the British Pound. This pair is heavily influenced by economic policies, political events, and market sentiment in the Eurozone and the United Kingdom. 📅Weekly Timeframe In this timeframe, EUR/GBP has experienced significant movements. Recently, it saw an upward trend reaching a peak, which was a critical supply zone. Following this, the price entered a correction phase with lower volume, suggesting the strength of the previous upward trend. Currently, EUR/GBP is at a support level of around 0.8383 after a correction phase. 📈 If EUR/GBP stabilizes above 0.8515, we can anticipate a bullish momentum potentially pushing the price towards the next resistance at 0.8759. Confirmation of a new upward trend will depend on candle stability above this level. 📉 Conversely, if EUR/GBP falls back into the range between 0.8383 and 0.8515, and stabilizes below 0.8383, it indicates a bearish trend continuation. The next critical support level would be around 0.8246. 📊 In both scenarios, volume analysis is crucial. A healthy trend should be supported by corresponding volume without any divergence. 📅Daily Timeframe 🔍 On the daily chart, EUR/GBP ranged around the 0.8497 level before initiating another downward wave. Currently, there is noticeable bearish momentum, and the price has found temporary support at 0.8437. 🧲 Given the current setup, a stabilization below 0.8437 could signal another bearish wave. On the flip side, if the price moves above 0.8497, it could indicate the start of a bullish trend, targeting higher resistance levels. 📅4-Hour Timeframe 📈 In the 4-hour timeframe, EUR/GBP has pulled back to the SMA99 and reached the resistance at 0.8497. Volume analysis shows a decrease, indicating potential exhaustion of the recent upward movement. 📉 For short positions, the key levels to watch are 0.8497 and 0.8531, where price reactions could provide better entry points. For long positions, critical levels are 0.8437 and 0.8388. RSI Oscillator 💥 The RSI is currently ranging between 41.44 and 50.42 on different timeframes. Breaking these levels could provide confirmation for opening positions. However, always use these levels in conjunction with candle patterns and volume analysis to find the best entry and exit points. 📉 Given the current bearish signals in the daily and 4-hour timeframes, alongside the potential trend change in the weekly timeframe, I am inclined to open a short position. However, this is based on my trading strategy. Each trader should base their decisions on their strategies and risk management plans. ⚠️ Please note that this is not financial advice. I'm simply introducing this project to you, and remember always to do your own research. 🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
by itsparham96
1
Bearish drop?EUUR/GBP is reacting off the pivot and could potentially reverse to the pullback support. Pivot: 0.84419 1st Support: 0.84164 1st Resistance: 0.84589 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
EURGBP H1 I Bearish reversal Based on the H1 chart analysis, we can see that the price is rising toward our sell entry at 0.8412, which is a pullback resistance and a 61.8% Fibonacci retracement. Our take profit will be at 0.8401, a pullback support level. The stop loss will be at 0.8426, an overlap resistance level, above 127.2% Fibo extension 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. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
2