EUR-GBP Bearish Breakout!EURGBP broke the support
Cluster of the rising and
Horizontal levels at 0.86717
And the breakout is confirmed
So I think that we will see
A further move down !
Eurgbpanalysis
DeGRAM | EURGBP at major resistanceEURGBP is in an ascending channel, but the price is in consolidation on the 4-hourly chart.
Price bounced off the resistance level that was tested multiple times before. Look left.
We expect the price to retest the support levels and further move down to the support levels.
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EURGBP 04/10 MovePair : EURGBP ( Euro / British Pound )
Description :
Completed Corrective Waves " ABC " in a Corrective Pattern " Rising Wedge " and Impulsive Waves " 1234 " in a Corrective Pattern " Bullish Channel " in Short Time Frame if it Breaks the Lower Trend Line of Bullish Channel / Rising Wedge and Retrace then Sell
EURGBP MID-WEEK ANALYSIS-UPDATE 24/09/2023In the upcoming days, I'll be closely monitoring EUR/GBP with an expectation for a further continuation of the current uptrend, aligning with its recent movements. However, if the prevailing trend were to shift, we would need to consider a bearish scenario instead. Stay tuned for real-time updates as we navigate the evolving market conditions. 📈📉 #EURGBP #Uptrend #BearishScenario
EURGBP - Potential retracement ✅Hello traders!
‼️ This is my perspective on EURGBP.
Technical analysis: As we can see here price started to form higher highs and higher lows, so we are in a bullish market structure, now I expect we could see a retracement after price took out buy side liquidity. I look for a long if price fills the imbalance lower and then rejects from bullish order block.
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A stunning uptrendThe market has been printing nice moves to the upside with multiple broken structures in the uptrend, provided higher low which then got broken and given us a change of character. After the buy side liquidity sweep, price rallied to the downside and mitigated the daily order block, now we’re expecting price to trigger the order block above and drop to the 4h fair value gap…
EURGBP : Short Trade , 1hHello traders, we want to check the EURGBP chart. The price has broken the ascending channel to the bottom and pulled back to the key level indicated. We expect this level to play the role of a resistance level and the price will fall to around 0.86300. Good luck.
EURGBP, A journey to 0.83, H4 folloup Analysis!Please read my previous analysis on Weekly analysis (link below) then come back to this H4 analysis!
In short in H4 we see signs of a trend reversal if the price closes below the 0.8670 price mark, especially at the end of this week then there is a good chance that a journey to 0.82-0.83 has begun!
EURGBP Analysis D1Here is my analysis for EURGBP on D1 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
EURGBP to 0.83 Region! Weekly Timeframe.After breaking the uptrend structure EURGBP has been trapped in a ranging market structure for quite a while now! The market structure is in a downtrend; if this weekly timeframe analysis holds, the next target is the 0.83 price range!
EurGbp could rise above 0.88In the past 3 months, EurGbp has traded in a range between 0.85 zone and 0.8650
Last week, however, the pair managed to break above resistance an after a long time of consolidation we could expect continuation.
In this case, the next important level of resistance is above 0.88
The bullish scenario is valid as long as the pair stays above old resistance, now support
EURGBP Long Term Selling Trading IdeaHello Traders
In This Chart EURGBP HOURLY Forex Forecast By FOREX PLANET
today EURGBP analysis 👆
🟢This Chart includes_ (EURGBP market update)
🟢What is The Next Opportunity on EURGBP Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
EUR/GBP:UK Retail Sales Show Mixed Performance in AugustUK Retail Sales Show Mixed Performance in August
In the ever-fluctuating world of economics, retail sales are a vital barometer of consumer sentiment and overall economic health. The latest data for UK Retail Sales in August paints a nuanced picture of the country's economic recovery.
In August, UK Retail Sales rose by 0.4% on a monthly basis, indicating a modest increase in consumer spending. However, on an annualized basis, there was a contraction of 1.4%. This means that while there was a slight improvement in retail activity compared to the previous month, it still lags behind the performance seen in the same period the previous year.
Economists had predicted a monthly increase of 0.5%, which suggests that the actual figure fell slightly short of expectations. Additionally, the annualized contraction of 1.4% was more pronounced than the anticipated 1.2% decrease.
To provide context, it's worth looking at the performance of UK Retail Sales in July. In that month, retail sales experienced a significant decline, dropping by 1.1% on a monthly basis and contracting by 3.1% on an annualized basis. This marked a substantial setback in consumer spending.
Core Retail Sales Offer a Mixed Bag
When we delve into the core retail sales figures, which exclude the more volatile automobile sales, we find a somewhat mixed performance for August. Core Retail Sales increased by 0.6% on a monthly basis, indicating some resilience in consumer spending. However, on an annualized basis, there was a decline of 1.4%, which suggests a lingering economic challenge.
Economists had predicted a monthly rise of 0.6% and an annualized contraction of 1.3%. The actual figures closely aligned with these expectations, highlighting the predictability of core retail sales compared to the broader retail sector.
To put this into perspective, in July, Core Retail Sales showed a sharper decline, dropping by 1.4% on a monthly basis and 3.3% on an annualized basis. This reinforces the idea that core retail sales have been somewhat steadier in the face of economic uncertainties.
Looking Ahead: Preliminary PMI and Forex Trends
As we look ahead, it's essential to consider the impact of economic indicators and forecasts on currency markets, particularly the EUR/GBP currency pair. The preliminary UK S&P Global/CIPS Manufacturing PMI for May is anticipated to be at 43.0, indicating potential challenges in the manufacturing sector. The Services PMI is forecasted at 49.2, suggesting a cautiously optimistic outlook for the service industry. The Composite PMI, expected at 48.7, reflects a delicate balance between the two sectors.
Forex traders are closely monitoring these figures, as they can influence currency movements. However, it's important to remember that economic data can sometimes defy expectations, leading to market volatility.
For the EUR/GBP currency pair, there's a cautious bearish sentiment as it approaches a significant horizontal resistance area between 0.87500 and 0.87800. A potential rebound in this region could be accompanied by a pullback in the prevailing bearish trend. This scenario might see the price testing support levels at 0.8675 and 0.85200.
In the complex world of forex trading, staying informed about economic data and understanding market sentiment is key to making informed decisions. The UK Retail Sales data and the upcoming PMI figures provide valuable insights for traders seeking to navigate the ever-evolving forex landscape.
EUR/GBP Daily chart.
EURGBP WEEKLY DOUBLE BOTTOM ? Very BULLISHHello traders ,
today i took a look at EURGBP the pair looks very very bearish to me. here our your clues
Weekly TF
Double bottom on key level formed
Broken bearish trendline
Broken neckline with strong bullish candle.
i believe the trend has reversed the pair is bullish now you should be looking for buying opportunities.
EUR/GBP Primed for Movement Amidst Key Economic IndicatorsThe sentiment from central banks, coupled with softer UK inflation data, suggests a bullish move for EUR/GBP. The technical analysis aligns with this perspective, indicating a potential move towards the 0.8700 handle, especially with the currency pair managing to stay above the 0.8650 level.
TRADE IDEA DETAILS
CURRENCY PAIR: EUR/GBP
CURRENT TREND: Bullish
TRADE SIGNAL: Buy
👉ENTRY PRICE: 0.8655
✅TAKE PROFIT: 0.8700
❌STOP LOSS: 0.8630
TRADE PLAN:
Enter a buy position around the current level of 0.8655. Given the potential upside, a take profit can be set near the technical resistance of 0.8700. To protect the downside, considering the inherent market volatility and any unexpected shifts in sentiment or data, a stop loss at 0.8630 is prudent.
FINAL THOUGHTS:
This trading idea is predicated on both fundamental factors (central bank sentiments and economic data) and technical indicators. Traders should monitor the position closely, especially around the time of the BoE's rate decision and subsequent economic releases, as these could serve as catalysts for significant price movement.
EURGBP - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on EURGBP.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for long. I want price to continue the retracement to fill the imbalance lower and then to reject from bullish order block.
Fundamental analysis: Tomorrow will be released yearly CPI on GBP and on Thursday Interest Rate. These are important news which will indicate the structure for short and mid term perspective, so pay attention to the results in order to validate the analysis.
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DeGRAM | EURGBP at major resistanceEURGBP is approaching a major resistance level and dynamic resistance.
Price made a two-legged move in the ascending channel. Price is essentially in consolidation on the 4-hourly chart.
The market printed a bearish harmonic pattern on the daily chart, which adds more confluence to the level.
We anticipate a sell off and bearish move.
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EURGBP I Headed for top of the rangeWelcome back! Let me know your thoughts in the comments!
** EURGBP Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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EURGBP Long Term Selling Trading IdeaHello Traders
In This Chart EURGBP HOURLY Forex Forecast By FOREX PLANET
today EURGBP analysis 👆
🟢This Chart includes_ (EURGBP market update)
🟢What is The Next Opportunity on EURGBP Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
EURGBP 15/09 MovePair : EURGBP ( Euro / British Pound )
Description :
Rejection from the Daily Descending Trendline at Fibonacci Level - 61.80%. It has completed " ABC " Corrective Wave. Bullish Channel as an Corrective Pattern in Short Time Frame and it has Breakout the Lower Trend Line and Completed its Retest
DeGRAM | EURGBP broke reaction zone in descending channel EURGBP is trading in the descending channel. The market is in a bearish trend.
Price rebounded from the resistance, broke, and closed below the significant level where price dropped.
We expect the price to retest the support levels and further move down from the resistance.
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Share your opinion in the comments and support the idea with like. Thanks for your support!
EURGBP : Short Trade , 1hHello traders, we want to check the EURGBP chart. The price is moving in a descending channel and has pulled back to the indicated key level. We expect this level to play the role of a resistance level and the price will fall to around 0.85250. Good luck.
