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Eurgbpforecast

EURGBP Long Term Trading IdeaHello Traders In This Chart Forex ForecastEURGBP DAY 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
20 Reasons For Buy EURGBP🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1:✨Eagle eye: The overall structure is bullish, but the current phase is corrective. The low has already been confirmed, and an impulsive move with significant volume and valid momentum candles indicates a potential breakout of the narrow range in the bullish direction. 2:📆Monthly: A sideways to bullish market is observed, with a confirmed low. However, this move also seems to have absorbed liquidity on the lower side. The presence of a doji formation at the end of the candle suggests the need for confirmation. 3:📅Weekly: The market is near the lowest level of the move, and the low has already been confirmed. The price action at this level is at a decision point for continuation or reversal. The strong reversal sentiment is indicated, especially by the consecutive inverted hammers this week, along with the gap-up opening. 4:🕛Daily: The recent price action shows more bullish candles compared to bearish candles in terms of size and count. The previous candle before the lowest point experienced significant volume, indicating profit booking. Today's pro-gap suggests overnight developments in this pair, so the closing of today's candle will provide a clear institutional blueprint. 😇7 Dimension analysis 🟢 analysis time frame: Daily 5: 1 Price Structure: Bearish 6: 2 Pattern Candle Chart: Pro-gap and medium strength closing are significant patterns to consider. 7: 3 Volume: Significant volume observed during sell-off or profit booking candles. 8: 4 Momentum UNCONVENTIONAL Rsi: A shift from bearish to sideways momentum is observed, along with a powerful 5-candle bullish divergence. 9: 5 Volatility measure Bollinger bands: The double bottom pattern at the middle band resistance holds significant importance. Waiting for further confirmation after a volatile move and the formation of this pattern suggests a potential short consolidation phase. 10: 6 Strength ADX: A fight between bulls and bears is ongoing, but bears seem to be weakening due to their long-standing battle to maintain their positions. Fresh and ready bulls can potentially take control from here. 11: 7 Sentiment ROC: Sentiment seems to be the only factor going against the price action and other indicators. Therefore, today's closing is crucial, and it is recommended to wait for the closing or filter the analysis in lower time frames. ✔️ Entry Time Frame: H1 12: Entry TF Structure: Bullish 13: Entry Move: Impulsive 14: Support Resistance Base: Extreme order block support 15: FIB: Activated and trendline breakout ☑️ Final comments: Open a buy entry at the breakout. 16: 💡Decision: Buy 17: 🚀Entry: 0.8580 18: ✋Stop Loss: 0.8514 19: 🎯Take Profit: 0.8758 20: 😊Risk to Reward Ratio: 1:3 🕛 Expected Duration: 15 days
Long
by Optimum369
4
EURGBP Expectations: UK Inflation and BoE's Decision this WeekOn Monday, the pound reached its highest level against the euro in 10 months, at 85.25 pence, as investors await the British inflation data and the upcoming Bank of England decision. However, the currency pair quickly rebounded to the support level of the previous week, at 85.42 pence, but is perhaps now tracking down again. In recent weeks, the sterling has experienced a rallied against the EUR and USD (particularly against the USD, marking its largest weekly gain since December 2022). This surge can be attributed to economic data suggesting that inflation in Britain is more persistent compared to the United States and Europe. As a result, traders have started factoring in more interest rate hikes from the Bank of England, leading to increased yields on British government bonds and bolstering the pound. Additionally, investors' expectations have been heightened by recent data showing a faster-than-anticipated growth in British wages. Currently, the pound is down 0.26% against the dollar, trading at $1.278. However, it remains close to the 14-month high of $1.285 reached on Friday. British inflation data is scheduled to be released on Wednesday. Economists predict that the headline Consumer Price Index will have slightly cooled to 8.5% year-on-year, down from 8.7% in April. However, they anticipate that the core CPI, which excludes volatile food and energy costs, will remain steady at 6.8%. If these figures align with expectations, the pound could strengthen further due to the anticipation of additional interest rate increases by the Bank of England. Nevertheless, any unexpected results could introduce volatility into the market, and perhaps validate the recent rebound in the EUR. On Thursday, the Bank of England will announce its decision on interest rates, with investors and economists expecting a 25 basis point hike to 4.75%. There is little uncertainty surrounding this decision, so traders will closely examine the bank's forward guidance. Indications of future interest rate hikes are likely to bolster the GBP.
by BlackBull_Markets
EURGBP - FUNDAMENTAL AND TECHNICAL VIEW#EURGBP - Currently the MARKET SENTIMENT for EURGBP is slightly on the UP SIDE. The main reason for that is the POSITIVE RISK SENTIMENT for EUR. Also, even if BOE RATE HIKE, we were not able to see BOE's intervention. The reason for the positive sentiment in EUR is that the USD has been quite weak in recent weeks. But a good UP SIDE BIAS is coming for EUR now with the MARKET SENTIMENT. Due to this reason, all MARKETS including STOCKS can be seen to be UP due to MARKET RISK being ON. It affects the EUR in a big way. The ECB did a RATE HIKE. BOE also did a RATE HIKE last week. - EURGBP can definitely go up to the SUPPORT LEVEL below. Due to USD WEAK, EUR may be quite STRONG. Accordingly, EURGBP can be slightly BUY until the 0.8680 LEVEL. And after that EURGBP can be SELL to 0.8500 LEVEL. The given STRUCTURES should be BREAKED for that...
by benny_marshall
EURGBP Long Term Selling Idea Hello Traders In This Chart Forex ForecastEURGBP DAY 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 Video 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.
by forexplanet797
2
EURGBP - FUNDAMENTAL AND TECHNICAL VIEW#EURGBP - Currently the MARKET SENTIMENT for EURGBP is slightly on the UP SIDE. The main reason for that is the POSITIVE RISK SENTIMENT for EUR. Also, even if BOE RATE HIKE, we were not able to see BOE's intervention. The reason for a POSITIVE SENTIMENT in EUR is that the USD has been quite WEAK in recent weeks. But a good UP SIDE BIAS is coming for EUR now with the MARKET SENTIMENT. Due to this reason, all MARKETS including STOCKS can be seen to be UP due to MARKET RISK being ON. It affects the EUR in a big way. The ECB did a RATE HIKE. BOE also did a RATE HIKE last week. - EURGBP can definitely go up to the SUPPORT LEVEL below. Due to USD WEAK, EUR may be quite STRONG. Accordingly, EURGBP can be slightly BUY until the 0.8762 LEVEL. And after that EURGBP can SELL to 0.8600 LEVEL. The given STRUCTURES should be BREAKED for that...
by benny_marshall
Analysis on EURGBP.Looking at the chart you will see that EURGBP has been ranging for so many days, forming multiple head and shoulders. Relentlessly trying to have a breakout from both the trend line and support zone, Finally it did. At this time every trader watching this pair will be happy after the long wait. If the trader is an aggressive one he would sell immediately but for some conservative trader they would wait for a retest. A retest which must be confirmed by volume. Now having done a retest, if you look closely you will notice that in the 4 hour time frame there was a great hike resulting from the news yesterday helping to hasten the retest, now having seen a big candle drawdown with a corresponding big volume in the 4 hour time frame. It prompt for a SELL ORDER, let's see how it goes down. ⛔⛔ NOTE: This is my own opinion based on my strategy and analysis, if you're going to enter the trade make sure to use good risk management based on your capital. Remember nobody is 100% sure of the Market. Make sure to use break even to trade a t zero loss.
Short
by chisommarvell
3
EURGBP - FUNDAMENTAL AND TECHNICAL VIEW#EURGBP - Currently the MARKET SENTIMENT for EURGBP is slightly on the UP SIDE. The main reason for that is the POSITIVE RISK SENTIMENT for EUR. Also, even if BOE RATE HIKE, we were not able to see BOE's intervention. The reason for a POSITIVE SENTIMENT in EUR is that the USD has been quite WEAK in recent weeks. But a good UP SIDE BIAS is coming for EUR now with the MARKET SENTIMENT. Due to this reason, all MARKETS including STOCKS can be seen to be UP due to MARKET RISK being ON. It affects the EUR in a big way. The ECB did a RATE HIKE. BOE also did a RATE HIKE last week. - EURGBP can definitely go up to the SUPPORT LEVEL below. Due to USD WEAK, EUR may be quite STRONG. Accordingly, EURGBP can be slightly BUY until the 0.8819 LEVEL. And after that EURGBP can SELL to 0.8700 LEVEL. The given STRUCTURES should be BREAKED for that...
by benny_marshall
EURGBP - FUNDAMENTAL AND TECHNICAL VIEW#EURGBP - Currently the MARKET SENTIMENT for EURGBP is slightly on the UP SIDE. The main reason for that is the POSITIVE RISK SENTIMENT for EUR. Also, even if BOE RATE HIKE, we were not able to see BOE's intervention. The reason for a POSITIVE SENTIMENT in EUR is that the USD has been quite WEAK in recent weeks. But a good UP SIDE BIAS is coming for EUR now with the MARKET SENTIMENT. Due to this reason, all MARKETS including STOCKS can be seen to be UP due to MARKET RISK being ON. It affects the EUR in a big way. The ECB did a RATE HIKE. BOE also did a RATE HIKE last week. - EURGBP can definitely go up to the SUPPORT LEVEL below. Due to USD WEAK, EUR may be quite STRONG. Accordingly, EURGBP can be slightly SELL until the 0.8810 LEVEL. And after that EURGBP can be BUY to the 0.8958 LEVEL. The given STRUCTURES should be BREAKED for that...
by benny_marshall