Why EURGBP Bullish ?? Detailed Analysis EUR/GBP is currently trading around 0.8470, having recently completed a breakout accompanied by increased trading volume. This surge suggests strong bullish momentum, with the pair targeting a potential gain of over 300 pips, aiming for a price level of 0.8700.
Fundamental factors contribute to this bullish outlook. The euro has shown resilience amid recent economic developments in the Eurozone. Notably, Eurozone inflation decreased to 2.2% in March from 2.3% in February, driven by a significant reduction in energy costs and slowing service inflation. Core inflation, which excludes volatile food and fuel prices, also fell to 2.4% from 2.6%, which was below expectations. This easing of inflation is likely to reinforce expectations for another interest rate cut by the European Central Bank (ECB) later in April. The ECB has already reduced rates six times since last June.
Conversely, the British pound has experienced fluctuations due to recent trade developments. On April 3, 2025, the pound surged to a six-month high against the U.S. dollar amid global market concerns following the announcement of new U.S. trade tariffs. Despite facing elevated duties on exports such as cars, steel, and aluminum, optimism surrounding a potential UK-U.S. trade agreement provided a positive outlook for sterling. citeturn0news24 However, ongoing trade negotiations and potential fiscal adjustments by the UK government may introduce volatility, influencing the pound's performance against the euro.
Technical analysis supports the bullish sentiment for EUR/GBP. The pair's breakout above previous resistance levels, coupled with increased volume, indicates strong buying interest. Key resistance levels to monitor include 0.8500 and 0.8600, with a sustained move above these levels potentially paving the way toward the 0.8700 target. Traders should also observe support levels around 0.8400 to manage potential pullbacks effectively.
In summary, the EUR/GBP pair exhibits a bullish trajectory, underpinned by favorable technical patterns and evolving fundamental factors. Traders should implement robust risk management strategies, including setting appropriate stop-loss orders, to navigate potential market volatility. Staying informed about upcoming economic data releases and central bank communications will be crucial in effectively capitalizing on this trading opportunity.
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Weekly Forex Forecast for October 10 to 14 , multiple timeframe analysis. Knowing WHEN to trade is one of the most important components to forex trading, I will be breaking that down in this forex forecast on Homa Forex Channel.
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ETH/USD - Trading OpportunitiesWhat's up traders, I hope you're all having a good trading week.
This is a follow up analysis of my previous Ethereum analysis (See related ideas for the previous analysis.) My previous analysis went perfectly to plan and if you followed it, you'd now be in strong profits.
Let's analyze ETH/USD on the 4H chart.
When analyzing this chart, Ethereum has had some nice upside. For the time being, it's best to watch for juncture levels where placing a position, this is of course unless you bought a few days ago, then I would say you should definitely hold a long Ethereum position.
As you can see from the chart, the level to watch for a trading opportunity is the side-wards resistance line at 620 level, because this is the level that will either be used as support for continued upside, or used as a resistance level for some downside before a later buying opportunity.
If Ethereum breaks the side-wards resistance line at 620 and becomes a new support, this is a good buy opportunity.
I will update this analysis when I receive above 40 likes.