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Eurgbpanalysis

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
Long
by ForexPlanet20
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.
Short
by FOREXN1
9
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.
Long
by RichDadph-FX
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. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
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. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Short
by DeGRAM
5
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
Long
by ForexPlanet20
1
From breaker to fill the liquidity voidThis market structure printed a short pullback to the order block and created a 0.85933 swing high, price fell all the way down to the 0.84928 low. Price aggressively pushed to the upside in a strictly bullish move to make an internal liquidity grab, then pushed up to the breaker. The breaker led to a breaker block which now gives us the current price at 0.85820. Price is already headed to fill the liquidity void, anticipating a liquidity sweep from this ongoing bullish move in order to activate sellers to give us a strong bearish market to the supply at 0.85184…
by tokelohomi