EURGBP"Alternative Bullish Scenario" could be activated if there will be a reaction to the 0.85430.
Bearish limit orders could be put lower than the zone
Eurosterling
JoeG2H - Selling EURGBPTrade Idea: Selling EURGBP
Reasoning: Selling into horizontal resistance on the daily chart
Entry Level: 0.8709
Take Profit Level: 0.8576
Stop Loss: 0.8754
Risk/Reward: 2.9/1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
EURGBP - Fade into the rally with a tight stopEURGBP - Intraday - We look to Sell at 0.8710 (stop at 0.8750)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. This is negative for sentiment and the downtrend has potential to return. The hourly chart technicals suggests further upside before the downtrend returns. With the Ichimoku cloud resistance above we expect gains to be limited. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Our profit targets will be 0.8600 and 0.8565
Resistance: 0.8705 / 0.8815 / 0.8930
Support: 0.8565 / 0.8340 / 0.8200
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Joe Gun2Head Trade - Head and shoulders on 60min EURGBPTrade Idea: Selling EURGBP
Reasoning: Head and shoulders on 60min EURGBP
Entry Level: 0.8704
Take Profit Level: 0.8652
Stop Loss: 0.8726
Risk/Reward: 2.36:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Buying dips on EURGBPEURGBP - Intraday - We look to Buy at 0.8575 (stop at 0.8540)
We are trading at oversold extremes. This is positive for sentiment and the uptrend has potential to return. The hourly chart technicals suggests further downside before the uptrend returns. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
Our profit targets will be 0.8675 and 0.8720
Resistance: 0.8630 / 0.8720 / 0.8825
Support: 0.8530 / 0.8430 / 0.8340
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
Bias is still for higher levels on EURGBPEURGBP - Intraday - We look to Buy at 0.8600 (stop at 0.8565)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. We are trading at overbought extremes. A lower correction is expected. The bias is still for higher levels and we look for any dips to be limited. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
Our profit targets will be 0.8700 and 0.8825
Resistance: 0.8720 / 0.8825 / 0.8900
Support: 0.8630 / 0.8530 / 0.8485
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
Short term bias is mildly bullish on EURGBPEURGBP - Intraday - We look to Buy at 0.8411 (stop at 0.8396)
Trading has been mixed and volatile. Short term bias is mildly bullish. We look to buy dips. 0.8410 has been pivotal. Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
Our profit targets will be 0.8448 and 0.8458
Resistance: 0.8435 / 0.8450 / 0.8460
Support: 0.8420 / 0.8410 / 0.8400
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
Joe Gun2Head Trade - Selling EURGBP into resistanceTrade Idea: Selling EURGBP
Reasoning: Rallied into the neckline of a head and shoulders pattern (Daily Chart)
Entry Level: 0.8419
Take Profit Level: 0.8346
Stop Loss: 0.8439
Risk/Reward: 3.2:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Euro vs Pound (EURGBP) analysis: Who is the least bad?EUR/GBP fundamental analysis
The Bank of England (BoE) raised its Bank rate by half a percentage point to 1.75 percent at its August meeting, the highest rate hike in 27 years, owing to elevated inflationary pressures exacerbated by Europe's recent gas crisis.
However, the pound did not surge following the rate announcement since the Bank of England's policy statement painted a bleak economic picture for the coming years, due to a sluggish growth and persistently high inflation outlook. "GDP growth is slowing," and the UK is now expected to enter recession in the fourth quarter of this year, while inflation is forecasted to peak at 13.3% in October.
As the BoE will now take a data-dependent approach, the pound cannot rely on its rate divergence advantage against the euro any longer. Markets will be less concerned about the BoE-ECB policy divergence and more focused on economic indicators in the coming months.
Given that the two economies are exposed to similar shocks and negative effects real incomes and consumption, a sideways phase, characterised by fairly tight trading ranges, could therefore come forward for EUR/GBP in the near term, pending more information on the length and size of the upcoming recessions.
EUR/GBP technical analysis
On a technical level, 0.849-0.85 already represents an area where the euro could see selling pressure. Downwards, 0.834 has shown solid support over the past weeks, despite the market pricing in the BoE’s 50 basis point hike in advance.
Rising RSI and MACD attempting a bullish crossover can provide the EUR with a very slight tailwind in the very short term. However, the single currency lacks the catalysts that could lead to a material appreciation against the pound.
The 5-year yield spread between Germany and the United Kingdom, which has been strongly correlated with the EUR/GBP exchange rate, should be constantly monitored, to keep track of the relative growth outlook between the Euro Area and the UK economy.
Any gains to be limited on EURGBPEURGBP - Intraday - We look to Sell at 0.8415 (stop at 0.8440)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. A higher correction is expected. The bias is still for lower levels and we look for any gains to be limited. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Our profit targets will be 0.8340 and 0.8325
Resistance: 0.8400 / 0.8460 / 0.8520
Support: 0.8325 / 0.8200 / 0.8060
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
Bears are in control on EURGBPEURGBP - Intraday - We look to Sell at 0.8440 (stop at 0.8475)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. A Doji style candle has been posted from the base. A higher correction is expected. The bias is still for higher levels and we look for any dips to be limited. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Our profit targets will be 0.8345 and 0.8325
Resistance: 0.8460 / 0.8600 / 0.8720
Support: 0.8325 / 0.8200 / 0.8060
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
Fading rallies in EURGBPEURGBP - Intraday - We look to Sell at 0.8475 (stop at 0.8505)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. A higher correction is expected. The bias is still for lower levels and we look for any gains to be limited. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Our profit targets will be 0.8390 and 0.8325
Resistance: 0.8460 / 0.8600 / 0.8720
Support: 0.8325 / 0.8200 / 0.8060
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
Short term sentiment remains negative for EURGBPEURGBP - Intraday - We look to Sell at 0.8550 (stop at 0.8580)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. The 200 day moving average should provide resistance at 0.8553. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. The hourly chart technicals suggests further upside before the downtrend returns. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Our profit targets will be 0.8460 and 0.8400
Resistance: 0.8600 / 0.8720 / 0.8845
Support: 0.8460 / 0.8400 / 0.8325
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
EURGBP Falling!Looking at the weekly chart, this pair has room to run southbound, but that depends on today's closing candle. If this pair takes out yesterday's low.. vroom!! vroom!!
Happy Trading folks!
Cheers!
EuroPound H&SEurGbp has formed Head and Shoulders pattern and has broken support. 2 long positions are possible.
EURGBPEURGBP currently retracement on the daily trendline which is also a very important supply-demand shifter channel zone.
But the current reaction is not strong enough as you can see, we will observe on 4h time frame movement in the wedge.
We expect to see stop hunting and third upside moment then may give us some bearish signal.
After that, we can adjust our risk-reward ratio and pull the trigger.
Our targets would-be around 0,84820 and 0,83995
Good Luck!
If you have any other opinion about EURGBP, let me know in the comment section below.
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May we meet again.
-mecZpasha
Euro to do the Pounding? - Ichimoku EUR/GBP Drawback SetupFor this setup I'm zooming in on the 1 hour time frame. While this pair remains on a bearish trend overall on the larger time frames, it looks like we will be getting a drawback. Keep in mind that since this setup is technically a drawback right now that it carries a little more risk than a standard trend trade setup, so I will only be risking 1.5% of my capital if this trade is triggered.I am looking for an entry if we break above our previous candle to enter a buy position. Since it is a drawback setup (for now) I am not going to aim too far out for my TP. I've drawn several areas that if we see strong resistance I will close partial or the whole position out at. As an alternative entry for slightly better risk to reward, we could also wait for a test of kijun sen again and look to buy there, should a support candle form. I mentioned that this is a drawback setup for now, the reason behind that is, should we hold support and see some bullish signs on those higher time frames, this setup could end up being an early reversal. If we fail to hold support or climb higher, this setup may become invalidated.
EURGBP Signals higherWatch out for a continued rise in the Euro. Brexit negotiations leading the way, more pain to come for Sterling.
