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EUR/GBP: Caught Between Key Support and Resistance LevelsEUR/GBP is currently consolidating between critical technical levels, with price action centered around 0.8360-0.8361. The pair recently bounced from support at 0.8346 but appears to be facing resistance at the 0.8367 level. The multiple EMA crossover zone (0.8346-0.8359) is creating a decision point for this pair. Recent price history shows a clear downtrend from the March highs above 0.8400, suggesting bearish momentum remains in play. Volume readings indicate moderate market interest at current levels. Trade Scenario Bearish Case: Failure to break above 0.8367 resistance could trigger another downward move Initial target: 0.8346 support If broken: Watch for extension to 0.8320 horizontal support Bullish Case: Decisive break above 0.8367 with increased volume would signal potential trend reversal Initial target: 0.8400 psychological level Key Levels to Watch: Resistance: 0.8367, 0.8400 Support: 0.8346, 0.8320 #EURGBP
Short
by ProTradeSignals
EUR/GBP 4H | Sell Opportunity After Resistance Rejection The EUR/GBP pair has been in a downtrend, with lower highs and lower lows forming. Recently, price rejected a key resistance zone and is now continuing its bearish momentum. 🔎 Key Observations: ✅ Resistance Levels: 0.83598 - 0.83910 acted as a strong rejection zone. ✅ Sell Confirmation: Price has broken below minor support and is now moving downward. ✅ Bearish Expectation: The next major support target is 0.82618. 📌 Trading Plan: 🔻 Sell on pullbacks near resistance levels (0.83598 - 0.83676). 🔻 Target: 0.82618 as the next key support. 🔻 Stop-loss: Above 0.83827 to minimize risk. 🚨 Risk Management Tip: Always maintain a good risk-reward ratio and wait for confirmations. 💬 What’s your take on this setup? Are you looking to sell or waiting for a better entry?
Short
by PIPsOptimizer
EUR/GBP (1H) Symmetrical Triangle Breakdown – Trade SetupThe EUR/GBP 1-hour chart presents a symmetrical triangle formation that has now broken to the downside, signaling a bearish continuation. This pattern is widely recognized in technical analysis and often acts as a continuation or reversal pattern, depending on the breakout direction. In this case, the price has breached the lower support boundary, indicating that sellers have taken control of the market. In this detailed analysis, we will explore the chart structure, key technical levels, potential trade setups, and risk management strategies to navigate this move efficiently. 1️⃣ Understanding the Symmetrical Triangle Formation A symmetrical triangle occurs when price action creates lower highs and higher lows, forming two converging trendlines. This reflects a period of market indecision, where buyers and sellers are evenly matched until a breakout occurs. 📌 Key characteristics of this triangle: ✅ Converging Trendlines – Representing lower highs and higher lows, suggesting market compression. ✅ Price Consolidation – The pair traded within this structure, awaiting a catalyst for breakout. ✅ Breakout Direction – A breakdown from the support level confirms a bearish move. Pattern Psychology: A symmetrical triangle often precedes a significant price move. Traders and investors monitor the breakout direction to determine the next trend. Here, the breakdown below the lower boundary signals a continuation of the prevailing bearish trend. 2️⃣ Key Levels & Chart Structure 🔹 Resistance Zone (Upper Boundary) – 0.84227 The upper trendline acted as a strong resistance level, preventing price from breaking higher multiple times. The yellow-highlighted area represents a supply zone, where selling pressure was dominant. Price attempted to break above this region but failed, confirming bearish dominance. 🔹 Support Level (Lower Boundary) – 0.83500 The lower boundary of the triangle previously held as support, where buyers attempted to push the price higher. However, once price broke below this support, it confirmed a bearish trend continuation. The blue horizontal support line represents a potential retest area, where sellers may step in again. 🔹 Breakout Confirmation & Price Action The chart clearly shows a bearish breakout, as price broke through the lower trendline. Retest Probability: Many breakouts experience a pullback to the broken support (now resistance) before resuming the downtrend. The dashed black lines illustrate the expected bearish move, with a potential decline towards 0.82815. 3️⃣ Trading Plan & Entry Strategy Based on this setup, traders can capitalize on the bearish move using a structured trading plan: 📌 Bearish Trading Setup (Short Position) ✔ Entry Strategy: Traders can enter a short position either immediately after the breakout or after a retest of the broken support at 0.83500 - 0.83700. The ideal confirmation would be bearish candlestick patterns, such as an engulfing candle or pin bar rejection on the retest. ✔ Stop-Loss Placement: To mitigate risk, a stop-loss should be placed above the previous resistance level (0.84227). This ensures protection against fake breakouts or sudden reversals. ✔ Target Price (Take Profit Level): The measured move of a symmetrical triangle breakout is typically equal to the height of the triangle. Based on this projection, the expected target is around 0.82815, a significant support level. Traders may also scale out at intermediate levels (0.83000) to lock in profits. ✔ Risk-Reward Ratio (RRR): A well-structured trade here presents an attractive RRR of approximately 1:3, meaning the potential reward is three times the risk. A higher RRR enhances the probability of profitability over multiple trades. 4️⃣ Market Context & Fundamental Analysis 🔍 Why Is EUR/GBP Dropping? While technical patterns are valuable, traders must also consider fundamental factors that drive currency pairs. 🟢 Possible Bearish Catalysts for EUR/GBP: GBP Strength: If the British Pound (GBP) strengthens due to strong economic data or hawkish Bank of England (BoE) policy, EUR/GBP may continue declining. EUR Weakness: The Euro (EUR) may be under pressure due to weak GDP growth, higher inflation, or dovish European Central Bank (ECB) statements. Geopolitical Events: Any negative news impacting the Eurozone (e.g., political instability) could trigger further selling pressure on EUR/GBP. 5️⃣ Risk Management & Alternative Scenarios While the current outlook favors a bearish move, traders must remain prepared for alternative scenarios. ⚠ Alternative Scenarios: 📌 False Breakdown: If price closes back above the support level (0.83500 - 0.83700), it could indicate a failed breakout, potentially leading to a bullish reversal. In this case, a breakout above 0.84227 would invalidate the bearish setup. 📌 Sideways Consolidation: If the price stalls around 0.83300 - 0.83500, the market may range before the next move. Traders should wait for clear confirmation before entering new trades. 6️⃣ Summary & Key Takeaways ✅ Pattern Identified: Symmetrical Triangle Breakout (Bearish). ✅ Breakout Direction: Price has broken below support, confirming a downtrend. ✅ Trade Setup: Sell below 0.83500 (or on retest at 0.83700). Stop Loss: Above 0.84227 (previous resistance). Take Profit: Targeting 0.82815 based on the pattern’s measured move. ✅ Risk-Reward: Favorable, offering 1:3 or higher RRR. ✅ Fundamental Drivers: GBP strength or EUR weakness could accelerate the downtrend. 📢 Final Thoughts This symmetrical triangle breakdown offers a high-probability trading opportunity for short sellers, with a clear technical structure supporting the bearish move. However, traders should remain cautious of false breakouts and adjust stop-loss levels accordingly. For best results: ✔ Wait for price action confirmation (retest rejection or bearish candle formations). ✔ Follow proper risk management (stop-loss placement and profit-taking levels). ✔ Monitor key economic events impacting EUR and GBP movements. By combining technical analysis, fundamental insights, and sound risk management, traders can enhance their profitability and navigate the markets with confidence. 🚀📉
Short
by GoldMasterTrades
EUR/GBP - Double Bottom Reversal Setup | Trendline BreakoutThis EUR/GBP (Euro to British Pound) daily chart presents a textbook double bottom reversal pattern, signaling a potential trend reversal after a prolonged downtrend. Additionally, a trendline breakout further strengthens the bullish outlook. The market structure suggests that buyers are regaining control, and a breakout above the neckline resistance zone (0.84500 - 0.85000) could trigger a significant upward move. Let's break down this setup in detail. 📊 Technical Breakdown of the Chart 1️⃣ Double Bottom Formation – A Strong Reversal Signal 🔹 The double bottom is a powerful bullish reversal pattern that forms after an extended downtrend, indicating that selling pressure is fading and buyers are stepping in. 🔹 First Bottom: Established in December 2024, where the price reached a key support level (~0.82453) before bouncing back. 🔹 Second Bottom: Formed in March 2025, confirming the validity of the support level and creating a solid demand zone. 🔹 The neckline resistance (0.84500 - 0.85000) is the key level that price must break to confirm the reversal. 2️⃣ Trendline Breakout – Shift in Market Sentiment 🔹 The market has been in a downtrend, as shown by the descending trendline acting as resistance for several months. 🔹 Recently, the price broke above this trendline, indicating that bearish momentum is weakening and a potential trend reversal is underway. 🔹 This breakout adds confluence to the double bottom pattern, reinforcing the bullish bias. 3️⃣ Key Support & Resistance Levels to Watch 📌 Support Zone (Bottom Area) – 0.82453: ✅ This level has been tested twice (December & March), confirming it as a strong demand zone. ✅ Price consistently rebounded from this level, showing buyers’ dominance. ✅ This is the ideal stop-loss level to protect against downside risks. 📌 Resistance Zone (Neckline) – 0.84500 - 0.85000: ✅ A breakout above this neckline resistance is necessary for a bullish continuation. ✅ If price breaks and retests this level as support, it will confirm a high-probability buy setup. 📌 Target Level – 0.87394 (Projected Move) ✅ This is calculated using the measured move technique, where the distance from the bottom to the neckline is projected upwards. ✅ This level coincides with a previous resistance zone, making it a realistic target. 📈 Trading Strategy – How to Trade This Setup 🎯 Entry Plan for Long Position (Buy Setup) 1️⃣ Breakout Entry: Enter a long position after a confirmed breakout above 0.85000. Watch for strong bullish candles with volume confirmation. 2️⃣ Retest Entry (Safer Option): If price breaks above resistance, wait for a pullback and retest of the 0.84500 - 0.85000 level. If price holds this zone as new support, it strengthens the bullish confirmation. 📉 Stop-Loss Placement (Risk Management) ✅ Place a stop-loss just below the support zone (0.82453) to protect capital. ✅ This level is strong because price has bounced off it twice, confirming buyer strength. 🎯 Profit Target (Take Profit) ✅ The projected target is 0.87394, aligning with previous resistance. ✅ This offers a high reward-to-risk ratio (RRR), making the trade worth taking. ⚠️ Risk Management & Market Outlook ✅ Bullish Bias – Price action suggests uptrend continuation after breaking out of the trendline. ✅ Confirmation is Crucial! – Enter only after a clear breakout and retest. ✅ Watch for Fakeouts – If price fails to hold above the neckline, it could be a false breakout. ✅ Fundamental Factors – Keep an eye on economic data and central bank policies (ECB & BoE) that may impact the GBP & EUR. 📢 Final Thoughts – Why This Trade is High-Probability 🚀 Double Bottom + Trendline Breakout = Strong Bullish Signal 🚀 Neckline Breakout Above 0.85000 = Confirmation of Trend Reversal 🚀 Targeting 0.87394 with a Favorable Risk-Reward Setup If price successfully breaks and holds above resistance, we could see a strong rally toward 0.87394 in the coming weeks. 📌 Monitor price action carefully and wait for confirmation before entering the trade. 🔔 Like & Follow for More Trading Setups! 🚀📈
Long
by GoldMasterTrades
EUR/GBP Analysis – Symmetrical Triangle Breakdown & Bearish MoveThis EUR/GBP chart on the 1-hour timeframe showcases a well-defined symmetrical triangle formation, a widely recognized pattern in technical analysis that signals potential breakout opportunities. The price action has respected the converging trendlines, indicating consolidation before a decisive move. Recently, the market has broken below the support zone, confirming a bearish breakdown and providing a strong signal for potential downside movement. This analysis will cover pattern formation, key technical levels, trading strategy, risk management, and future market outlook to provide a comprehensive professional breakdown of this setup. 1. Chart Pattern Analysis – Symmetrical Triangle Formation A symmetrical triangle consists of two converging trendlines that squeeze price action into a narrowing range, reflecting market indecision. This pattern is considered a continuation pattern, meaning that the price is likely to continue in the direction of the prevailing trend after the breakout. Pattern Characteristics in This Chart: ✅ Lower Highs: Price fails to break previous peaks, indicating weakening bullish momentum. ✅ Higher Lows: Buyers step in at higher points, preventing aggressive declines. ✅ Volume Decrease: Typical of consolidation within a symmetrical triangle. ✅ Breakout Confirmation: A strong bearish candle broke below the support level, signaling further downside potential. 2. Key Technical Levels & Zones 📌 Resistance Level + All-Time High (ATH) – 0.8421 This level represents the highest point in the pattern, where price faced repeated rejections. It aligns with a historical resistance zone, indicating a strong supply area. A breakout above this level would shift the market to a bullish bias. 📌 Support Level – 0.8379 (Now Acting as Resistance) Previously a key demand zone where buyers defended the price. Price has now broken below this level, confirming it as new resistance in a bearish scenario. A successful retest followed by rejection increases downside confirmation. 📌 Stop-Loss Placement – 0.8421 Located above the upper trendline and recent highs to avoid false breakouts. If price regains this level, the bearish scenario will be invalidated. 📌 Target Zone – 0.82926 (Major Support Area) This is the next strong support level, acting as a potential take-profit zone for short positions. It aligns with a previous price reaction area, making it a logical target for sellers. 3. Trading Setup & Strategy – Bearish Trade Plan The breakdown from the symmetrical triangle structure presents an opportunity to short the pair with a defined risk-to-reward setup. 📌 Entry Strategy: Enter short positions after price breaks and retests the 0.8379 support level as resistance. Confirmation should come from bearish candlestick patterns like engulfing candles or pin bars. 📌 Stop Loss: Placed above 0.8421, above the last swing high, to protect against potential false breakouts. 📌 Take Profit (TP) Target: First TP: 0.8325 (Intermediate support) Final TP: 0.82926 (Major support and key structure level) Alternative Scenario – Bullish Reversal Possibility If price reclaims 0.8379 and closes above it consistently, the bearish breakdown might be a false move. A move above 0.8421 would invalidate the bearish setup, leading to potential bullish momentum. 4. Risk Management & Trade Confirmation ✅ Volume Analysis A significant increase in volume on the breakdown strengthens the bearish outlook. Low volume retests may indicate a weak reversal attempt, favoring continuation downward. ✅ Bearish Price Action Confirmation Lower highs and consistent lower lows reinforce a bearish sentiment. Rejections from the broken support (now resistance) validate the trade setup. ✅ Risk-to-Reward Ratio (RRR) The Stop-Loss (SL) is tight, and the profit target is significantly larger, making this a high RRR trade. Ideally, a RRR of at least 2:1 or 3:1 should be maintained for proper risk control. 5. Market Sentiment & Future Outlook Bearish Bias Strengths: Trendline break indicates strong downside pressure. Failed attempts to break resistance suggest weakening bulls. Global macroeconomic factors and fundamental catalysts may favor GBP strength over EUR in the near term. Reversal Risks: A strong bullish breakout above 0.8421 would shift momentum to the upside. Fundamental news events (e.g., ECB or BoE statements) can impact market direction unexpectedly. 6. Summary & Conclusion 🔹 The EUR/GBP 1-hour chart has broken below a symmetrical triangle pattern, confirming a bearish breakout. 🔹 Key levels to watch: Resistance at 0.8421, support at 0.82926. 🔹 Trading strategy favors short positions, with a target at 0.82926 and a stop loss at 0.8421. 🔹 Confirmation comes from trendline breaks, volume analysis, and lower highs/lows structure. 📌 Final Verdict: The setup is bearish unless price reclaims 0.8379 and invalidates the structure. Traders should monitor price action, volume, and news events for further confirmations. 🔥 Potential Profit Target: 80-90 Pips 📉 ⚠️ Risk Management is Crucial – Always Use Stop Loss & Proper Position Sizing
Short
by GoldMasterTrades
1
EUR/GBP Analysis – Bearish Momentum Gaining StrengthThe EUR/GBP pair has shown a significant shift in market structure, breaking below a critical support level and signaling further downside potential. After facing strong resistance near the 0.84400 region, the price struggled to maintain bullish momentum and started forming lower highs, indicating selling pressure. Technical Breakdown: Resistance Zone: The upper boundary near 0.84400 acted as a supply area where sellers gained control. Multiple rejection candles at this level confirmed that buyers were losing strength. Support Breakdown: The price recently broke below a key support zone, which had previously acted as a demand area. This breakdown suggests a shift in market sentiment from bullish to bearish. Bearish Continuation Pattern: The chart displays a clear lower high and lower low formation, reinforcing the bearish trend. The price is now retesting the breakdown zone, which could serve as a new resistance level before further declines. Target Projection: The next major support lies at 0.82508, which aligns with a previous consolidation zone. If the bearish momentum persists, we may see a test of this level in the coming sessions. Trading Considerations: 📌 Bearish Bias: Traders may look for sell opportunities on pullbacks toward resistance levels. 📌 Confirmation: A retest of the breakdown level with rejection signals could provide a strong entry point. 📌 Risk Management: Stop-loss placements above 0.83800 could help manage risk in case of an unexpected bullish reversal. 💡 Final Thoughts: With the prevailing bearish momentum, EUR/GBP is likely to continue downward unless buyers regain control at key levels. Traders should watch for price action signals near support and resistance zones to confirm trade setups.
Short
by PIPsOptimizer
EUR/GBP Bearish Trading Setup | Resistance Rejection & BreakdownMarket Context & Overview The EUR/GBP currency pair is currently showing signs of bearish momentum, as illustrated in this 1-hour trading chart. The price is facing a strong resistance zone while forming a descending trendline, indicating that sellers are gaining control over the market. Given this technical setup, traders can anticipate a potential breakdown leading to further downside movement. This analysis highlights key price levels, technical indicators, and potential trade opportunities based on current price action. The bearish outlook is supported by the market structure, which is displaying signs of a potential trend reversal from the resistance zone. 🔹 Key Technical Levels 1️⃣ Resistance Zone (0.84200 - 0.84300) This area has acted as a strong selling zone in previous price action. Multiple rejection points indicate that buyers are struggling to push beyond this level. This resistance aligns with the descending trendline, further strengthening the bearish bias. 2️⃣ Support Level (0.84000) The current support level has provided temporary demand, preventing immediate downside movement. If the price breaks below this support, it will confirm a bearish continuation. 3️⃣ Major Resistance Zone (0.84495) This is the all-time high resistance zone in the short-term structure. A break above this level would invalidate the bearish setup and could lead to bullish momentum. 4️⃣ Target Level (0.83735) If the price successfully breaks below 0.84000, the next target would be 0.83735. This level aligns with previous swing lows, making it a realistic downside target for short positions. 5️⃣ Stop Loss Placement (Above 0.84201) A stop-loss above 0.84201 ensures protection against false breakouts. If price breaks above this level, it could signal a shift in market structure. 🔹 Technical Insights & Market Sentiment 1️⃣ Descending Trendline: The price is respecting a descending trendline, indicating a bearish bias. 2️⃣ Multiple Resistance Rejections: Price has tested the resistance zone multiple times without breaking through. 3️⃣ Bearish Price Action: The recent candles show lower highs, reinforcing the downtrend. 4️⃣ Volume Analysis: A drop in buying pressure at resistance signals potential weakness among buyers. 5️⃣ Fundamental Factors : GBP strength due to macroeconomic factors could add further pressure on EUR/GBP. 🔹 Trade Plan & Strategy 📌 Entry Criteria Ideal entry near 0.84150 - 0.84200 if price shows rejection at resistance. Alternatively, enter after a confirmed breakdown below 0.84000 for safer confirmation. 🎯 Profit Target First target: 0.83735 If bearish momentum continues, price could extend towards 0.83600 as an extended target. 🛑 Stop Loss Placement Above 0.84201 to minimize risk. This ensures the trade remains valid while avoiding market noise. 🔹 Risk-Reward Ratio & Trade Management ✅ Risk-Reward Ratio (RRR): Approximately 2:1, making this a favorable setup. ✅ Trade Management: If price starts reversing before hitting the target, consider trailing stop-loss to secure profits. If price consolidates around support, watch for breakout confirmations before entering. 🔹 Final Thoughts & Market Sentiment This trading setup suggests a strong bearish opportunity based on price action, resistance rejection, and trendline confluence. The break below 0.84000 will be the key trigger for further downside movement. If price remains below resistance, a sell position with a stop-loss above 0.84201 and a target of 0.83735 offers a high-probability trade setup.
Short
by GoldMasterTrades
EUR/GBP - Bearish Rejection from Resistance This 4-hour chart of EUR/GBP indicates a potential sell opportunity following a rejection from a key resistance level. Key Observations: Resistance Level: Price is struggling to break above 0.84200, suggesting strong selling pressure. Bearish Structure: The price action shows a rejection at resistance, forming a potential lower high. Target Support: The next major support level is around 0.83448, followed by 0.82562 for further downside. Trading Plan: 📉 Sell Entry: After price confirmation below 0.84000 🎯 Take Profit: First target at 0.83448, second target at 0.82562 🔴 Stop-Loss: Above 0.84300 to minimize risk Technical Indicators to Watch: ✅ Bearish Candlestick Patterns confirming resistance rejection ✅ RSI Divergence or overbought conditions ✅ Break & Retest Confirmation before entering a short trade
Short
by ForexOptimizer
EURGBP at Key Resistance – Will Sellers Step In?OANDA:EURGBP is currently trading at a key resistance zone, where sellers may regain control. The recent bullish momentum has pushed price into this supply zone, suggesting a potential for bearish bounce if price action confirms a rejection. If the price confirms rejection from this zone, a move lower toward 0.83300 is likely. However, a strong breakout above could invalidate this setup, shifting momentum back to the bulls. Do you agree with this analysis? Let me know your thoughts in the comments!
Short
by DanieIM
1
EURGBP Short SetupEURGBP Analysis The EUR/GBP pair is exhibiting a bearish trend on the higher time frames, which is favorable for our analysis. The market has formed a series of lower highs and lower lows, confirming the downward momentum. Currently, the price is testing a strong resistance level that has been retested, presenting a critical juncture. At this point, it is prudent to adopt a wait-and-see approach to observe how the market interacts with this level. A break above the resistance could invalidate our bearish setup, while a rejection and consolidation below this level would reinforce the likelihood of the bearish trend continuing. We will monitor the market's behavior closely. I hope you all had a profitable trading week, and I wish you a pleasant and restful weekend ahead. Cheers!
Short
by sirkamal
1
EURGBP: What Are You Anticipating With This Volatile Pair?I am a swing trader, as you can probably tell from the timeframes I use in my posts. However, I do believe that EURGBP lends itself better to day trades or position trades, if you can stomach the movement. Considering it has made, for me, surprising reverses just when you think it would push further, I offer a couple of scenarios for both a sell and buy possibility. I do see EURGBP selling further but this is a pair you want to be prepared for movement in the opposite direction as well. Game plan, ready! What would be your move?
by rhashedaw
1
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. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
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.
by aminrzb
EURGBP - Bearish ReversalHello traders EURGBP has been slowly grinding up since 9 January with there being a trendline holding this slight uptrend. But it broke out of the trendline last week and it retested it. The ideal entry would have been on the retest but let's hope this 4H fvg gets filled then price goes down. Furthermore, the rsi has been making lower lows while price was making higher highs showing bearishness. Add to this that this setup is forming on a daily resistance zone as per the chart.
Short
by The_Worldy
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!
Short
by BlueOceanFxAcademy
EURGBP - Potential Sell From Key Resistance ZoneThe EURGBP pair is approaching a significant supply zone, marked by historical price reactions and strong resistance levels. The current market structure suggests the potential for a reversal from this area if sellers regain control. I anticipate that if the price confirms a rejection from this supply zone, the market is likely to move downward toward the 0.83611 level. This setup aligns with the idea of trend exhaustion near resistance. If you have additional insights or an alternative perspective, feel free to share your thoughts!
Short
by DanieIM
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. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD