EURGBP bearish continuation developing?The EURGBP currency pair price action sentiment appears bearish, supported by the longer-term prevailing downtrend.
The key trading level is at 0.8380, which is the 25th February swing high. An oversold rally from the current levels and a bearish rejection from the 0.8380 level could target the downside support at 0.8286 followed by 0.8245 and 0.8200 levels over the longer timeframe.
Alternatively, a confirmed breakout above 0.8380 resistance and a daily close above that level could trigger further rallies higher and a retest of 0.8400 resistance level followed by 0.8420 and 0.8460.
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Eurgbpanalysis
DeGRAM | EURGBP back in the channelEURGBP is in a descending channel between the trend lines.
The price has already reached the upper boundary of the channel and the resistance level, which previously acted as a pullback point.
The chart retains a harmonic pattern.
We expect the decline in the channel to continue.
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EURGBP Bullish Continuation (Potential Trend Retracement)EURGBP price seems to exhibit signs of overall bullish momentum (after a credible reversal on the 1D timeframe) as the price action may form a credible Higher Low with multiple confluences of key Fibonacci and credible Support levels.
Trade Plan :
Entry @ 0.83328
Stop Loss @ 0.82000
TP 0.8 - 1 @ 0.84390 - 0.84656
EURGBP - Long active !!Hello traders!
‼️ This is my perspective on EURGBP.
Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I expect price to continue bullish price action after filling the imbalance and rejecting from bullish OB + institutional big figure 0.83000.
Fundamental news: On Thursday (GMT+2) we will see results of Interest Rate on GBP, news with high impact on currency.
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EURGBP, First Long and after that Get Ready for ShortHello Traders, Hope you are doing great.
for upcoming weeks, we'll probably see continuation of upward momentum and after that we'll probably find an opportunity to Sell at one of these specified zones. so with a proper trigger we can open a long at first and after that a short position.
And finally tell me what do you think ? UP or DOWN ? leave your comment below this post.
If this post was helpful to you, please like it and share it with your friend.
THANKS.
Market Analysis: EUR/GBP Falls Into The RedMarket Analysis: EUR/GBP Falls Into The Red
EUR/GBP is declining and trading below the 0.8400 support level.
Important Takeaways for EUR/GBP Analysis Today
- EUR/GBP is declining and showing bearish signs below 0.8400.
- There is a key bearish trend line forming with resistance at 0.8370 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 0.8420. The Euro settled below 0.8400 and started a fresh decline against the British Pound.
There was a clear move below the 0.8350 pivot level. The EUR/GBP chart suggests that the pair settled below the 50-hour simple moving average and 0.8340. A low is formed near 0.8307 and the pair is now consolidating losses.
Immediate resistance is near the 50% Fib retracement level of the downward move from the 0.8389 swing high to the 0.8307 low at 0.8350.
The next major resistance could be near the 50-hour simple moving average and the 61.8% Fib retracement level of the downward move from the 0.8389 swing high to the 0.8307 low at 0.8370. There is also a key bearish trend line forming with resistance at 0.8370.
A close above the 0.8370 level might accelerate gains. In the stated case, the bulls may perhaps aim for a test of 0.8420. Any more gains might send the pair toward the 0.8450 level.
Immediate support sits near 0.8325. The next major support is near 0.8305. A downside break below the 0.8305 support might call for more downsides. In the stated case, the pair could drop toward the 0.8265 support level.
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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.
DeGRAM | EURGBP will continue to declineEURGBP is above the descending channel between the trend lines.
The price continues to move from the dynamic resistance.
The chart retains the actual formed harmonic pattern, but shows weakness when approaching the channel.
We expect the continuation of the decline after the support retest and consolidation in the channel.
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DeGRAM | EURGBP structure is changingEURGBP is above the descending channel between the trend lines.
The chart has broken the descending structure, but indicators point to bearish divergence.
The price has reached the upper trend line and resistance level.
We expect a correction.
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EUR/GBP at Critical Resistance – Major Move Incoming?What’s great everyone!? Mr. Blue Ocean FX here, breaking down EUR/GBP with an in-depth analysis you don’t want to miss.
Starting from the higher timeframes, we’ve identified a major trendline resistance dating back to January 2023, which has been tested multiple times and is now being challenged again. After a massive impulse move from the 0.8275 area in late December, price has surged to the current levels around 0.8472, but signs of weakness are starting to emerge.
Looking closer at the daily timeframe, we’ve seen a clear rejection off the trendline with significant bearish volume stepping in yesterday—indicating strong selling pressure after a liquidity grab above 0.8444. With a confirmed daily close below 0.8434, we’re now eyeing potential downside targets.
Dropping down to the H1 timeframe, we’re observing a lower high formation, which could signal a continuation lower. I’ve already entered this trade with a high-risk, high-reward approach, placing stops above the recent high and targeting multiple liquidity areas below.
Key levels to watch:
• First target: 0.8433, sweeping liquidity.
• Next: 0.8413 (double bottom) and ultimately 0.8335 if momentum continues.
If we break below key support at 0.8410, this could trigger a much larger drop into untested levels from past price action, potentially targeting the 0.8146 area.
The next few candles will be crucial—will EUR/GBP hold this level or melt down further? Stay tuned and let’s see how it plays out!
If you’re finding value in these breakdowns, make sure to boost, share, and comment with your thoughts. Let’s make some moves!
Nice Daily rejection on EurGbp Price rejects old daily strong Level 0.84234 . that level have been tested before and there was a strong rejection to the downside.
I'm not expecting the price to get to 0.84370. hence I'll be looking for sell opportunity to short EurGbp for the rest of the week except if there's any rejection amongst some daily poi below.
Please boost if you find this insightful 🫴
EURGBP - Look for a long position !!Hello traders!
‼️ This is my perspective on EURGBP.
Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look for a long. I want price to make a retracement to fill the imbalance lower and then to reject from bullish OB + level 0.83000.
Fundamental news: Upcoming week on Wednesday (GMT+2) we will see results of yearly CPI on GBP, news with high impact on currency.
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DeGRAM | EURGBP pullback from the trend lineEURGBP is above the ascending channel between the trend lines.
The price is moving from the dynamic resistance and is now under the 78.6% retracement level.
The chart has formed a harmonic pattern.
We expect a pullback.
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DeGRAM | EURGBP seeks to exit the channelEURGBP is in a descending channel between the trend lines.
The chart is holding above the trend line and 38.2% retracement level.
The price has formed a bullish takeover while attempting a decline under the dynamic support.
We expect the price to rise after consolidation above the resistance level.
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EUR/GBP Starts ConsolidationEUR/GBP Starts Consolidation
EUR/GBP is consolidating and might aim for a fresh increase above 0.8320.
Important Takeaways for EUR/GBP Analysis Today
- EUR/GBP is trading in a bearish zone below the 0.8330 pivot level.
- There is a short-term contracting triangle forming with resistance near 0.8305 on the hourly chart at FXOpen.
EUR/GBP Technical Analysis
On the hourly chart of EUR/GBP at FXOpen, the pair started a consolidation phase after it failed to surpass 0.8330. The Euro traded below the 0.8320 and 0.8300 support levels against the British Pound.
The EUR/GBP chart suggests that the pair even declined below the 50% Fib retracement level of the upward move from the 0.8275 swing low to the 0.8317 high. It is now consolidating losses and trading below the 50-hour simple moving average.
The pair is now facing resistance near the 0.8305 level. There is also a short-term contracting triangle forming with resistance near 0.8305.
The next major resistance could be 0.8320. The main resistance is near the 0.8330 zone. A close above the 0.8330 level might accelerate gains. In the stated case, the bulls may perhaps aim for a test of 0.8380. Any more gains might send the pair toward the 0.8400 level.
Immediate support sits near 0.8290. The next major support is near 0.8285 or the 76.4% Fib retracement level of the upward move from the 0.8275 swing low to the 0.8317 high.
A downside break below the 0.8285 support might call for more downsides. In the stated case, the pair could drop toward the 0.8265 support level.
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.
EURGBP TRADE IDEA: LONG | BUY (01/01/25)Happy New Year!
I might actually end up being wrong on this one because the order flow actually seems to be bearish.. I’m essentially betting on the potentially of it reversing/my predicted low to be protected. If you’re already in a sell congratulations, this trade idea is taking advantage of the incoming buy. My issue is the TP. I don’t know if it’ll get hit. Enjoy and trade safely!
EUR/GBP Descending Channel: Will Bears Push Lower?EUR/GBP daily chart displays a descending channel, indicating continued bearish momentum. The price is consolidating near the middle of the channel, facing resistance at the upper trendline.
A rejection at this level could lead to a decline toward the lower boundary, with a potential target near 0.8180–0.8200. If the price breaks below this lower trendline, it could signal further downside.
#EURGBP 1DAYEURGBP (1D Timeframe) Analysis
Market Structure:
Trendline Breakout: The price has moved above a previously established trendline, indicating potential bullish momentum.
Forecast:
Buy Opportunity: The breakout suggests a shift in trend direction, favoring buyers. Further upside movement is expected as long as the price sustains above the broken trendline.
Key Levels to Watch:
Entry Zone: After breakout confirmation or upon retesting the broken trendline as new support.
Risk Management:
Stop Loss: Placed below the trendline or recent swing low.
Take Profit Zones: Focus on upcoming resistance areas and psychological price levels.
Market Sentiment:
Positive Momentum: A breakout above resistance typically reflects strengthening buying interest and potential continuation of the upward move.
DeGRAM | EURGBP rebound from 62% retracement levelEURGBP is in a descending channel above the descending wedge formed by the trend lines.
The price is moving from the lower trend line and the lower boundary of the channel.
The chart has already consolidated above the upper trend line and is now above the support level coinciding with the 62% retracement level.
We expect the rebound to continue.
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DeGRAM | EURGBP decline in the channelEURGBP is in a descending channel between the trend lines.
The chart maintains a downward structure.
We think that the price will continue to decline.
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DeGRAM | EURGBP preparation for correctionEURGBP is in a descending channel between the trend lines.
The chart maintains a downward structure, but RSI is already indicating oversold on the 4H Timeframe.
The price has already reached the support level, the lower channel boundary and the lower trendline.
We expect a correction from the support.
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DeGRAM | EURGBP decline in the channelEURGBP is in a descending channel between the trend lines.
The price is moving from the upper boundary of the channel and dynamic resistance.
The chart maintains the descending structure.
We expect the price to continue its decline.
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Share your opinion in the comments and support the idea with like. Thanks for your support!