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Euro vs British Pound

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EURGBP.P trade ideas

Bearish drop?EUR/GBP is reacting off the pivot and could drop to the 1st support. Pivot: 0.82747 1st Support: 0.82239 1st Resistance: 0.83031 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
1
Bearish Outlook for EURGBP: A Selling Opportunity AwaitsThe EURGBP trading pair is signaling a sell opportunity based on our analysis with the EASY Trading AI strategy. The current entry price stands at 0.8314, with a clear take profit level set at 0.82860667, while the stop loss is positioned at 0.83328667. Recent market trends suggest a potential drawback for the Euro against the British Pound, influenced by macroeconomic factors such as the anticipated interest rate decisions from the Bank of England and ongoing discussions surrounding the European Central Bank's monetary policy. As the market navigates through uncertainty, the prevailing bearish sentiment strengthens our sell decision. Technically, the indicators are showing signs of weakness for the Euro, making the 0.8314 entry point a strategic choice. The signal offered by our EASY Trading AI further corroborates this prediction, providing a robust framework for risk management. Remember, effective trading isn't just about what the numbers say; it's about understanding the broader market context. Always ensure you stick to your stop-loss to safeguard your capital while capitalizing on potential profits as you navigate this trade. For timely alerts and insights, consider utilizing our Telegram channels for real-time updates. Happy trading!
Short
by ForexRobotEasy
Elliott Wave View: EURGBP Rally Expected to FailShort Term Elliott Wave view of EURGBP suggests decline from 8.8.2024 high ended as wave (1) at 0.8219 as an impulse. Down from 8.8.2024 high, wave 1 ended at 0.8295 and rally in wave 2 ended at 0.844. Wave 3 lower ended at 0.826 and rally in wave 4 ended at 0.8375. Down from there, wave ((i)) of 5 ended at 0.8268 and wave ((ii)) of 5 ended at 0.8364. Wave ((iii)) of 5 lower ended at 0.8225 and wave ((iv)) of 5 ended at 0.8327. Final wave ((v)) of 5 ended at 0.8222. This completed wave (1) in higher degree. Wave (2) corrective rally is in progress with internal subdivision as a zigzag Elliott Wave structure. Up from wave (1), wave A ended at 0.8313 and pullback in wave B ended at 0.8268. Wave C higher is in progress as an impulse structure. Up from wave B, wave ((i)) ended at 0.8314 and pullback in wave ((ii)) ended at 0.8272. Near term, as far as pivot at 0.8219 low stays intact, expect pullback to find support in 3, 7, 11 swing for further upside. Target higher for wave (2) is 100% – 161.8% Fibonacci extension of wave A. This area comes at 0.836 – 0.8419 where sellers can appear for 3 waves pullback at least.
by Elliottwave-Forecast
SELL OPPORTUNITYInstrument: EUR/GBP Entry Price: 0.83030 GBP Take Profit (TP): 0.82790 GBP Stop Loss (SL): 0.83132 GBP Risk-Reward Ratio: ~1:2 Technical Analysis: Supply Zone (0.83060–0.83120): The price is approaching a key supply zone between 0.83060 and 0.83120. In this zone, there is expected to be significant resistance, and the price is likely to face downward pressure. This sets up a potential opportunity for a short trade as EUR/GBP might reverse from this level. Bearish Momentum: Given the price action in the supply zone, a reversal could take the pair lower towards your Take Profit level of 0.82790. This is a reasonable target, as the price could test lower levels once resistance is met. Fundamental Considerations: Holiday Liquidity-With Christmas and New Year approaching, liquidity is expected to be lower than usual. This can lead to increased volatility or choppy price action. Be aware that the market might not behave in the usual manner during this period, with wider spreads and less predictable movements.
Short
by GODOCM
EUR/GBP: Anticipating a Bullish Drift with EASY Trading AIThe EUR/GBP has been drawing attention lately, as signals from our EASY Trading AI indicate a promising buying opportunity. Set your entry at 0.82829, aiming for a take profit at 0.82865333 with an appropriate stop loss at 0.82756333. Why this direction? Well, our strategy, EASY Trading AI, thrives by identifying short to medium-term market patterns that precede meaningful price swings. Through comprehensive real-time analysis, this system anticipates market movements backed by solid historical data. With volatility management and precise pattern recognition at its core, our approach ensures each trade aligns with favorable market conditions. The specific threshold for this signal points towards a likely uptick, supported by technical patterns observed across similar setups in recent history. Remember, these signals are accessible without cost via our service platforms. If automation's your forte, consider integrating EASY Trading Bots to enhance efficacy while minimizing manual intervention. Our bots seamlessly sync with these forecasts, leveraging automation to capitalize on these anticipated shifts. Keep in mind, as much as historical data provides a glimpse into potential moves, markets are inherently unpredictable. Hence, managing risk with discipline is as vital as acting upon insights. Engage with us via our site or Telegram bots to stay in the loop, and leverage these forecasts to potentially boost your trading outcomes. Happy trading!
Long
by ForexRobotEasy
EUR/GBP Weekly Analysis – Potential Reversal Zone Wyckoff MethodCurrently, EUR/GBP is in a key reversal zone, analyzed using the Wyckoff method. The November 4 weekly candle is a high-volume candle that demonstrates effort without a clear result, aligning with Wyckoff’s principles of effort vs. result. This area has served as a support and resistance level multiple times, making it technically significant. A re-entry of the price into the current range could indicate positivity and a potential bullish reversal. According to Wyckoff’s theory, monitoring the candle structure and trading volumes in this zone is critical to identifying an accumulation phase or breakout. This is my personal analysis and opinion, not a recommendation to buy or sell.
Long
by omossa
EURGBP What Next? SELL! My dear subscribers, My technical analysis for EURGBP is below: The price is coiling around a solid key level - 0.8295 Bias - Bearish Technical Indicators: Pivot Points Highanticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 0.8273 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
#EURGBP 1DAYEURGBP (1D Timeframe) Analysis Market Structure: Trendline Breakout: The price has moved above a previously established trendline, indicating potential bullish momentum. Forecast: Buy Opportunity: The breakout suggests a shift in trend direction, favoring buyers. Further upside movement is expected as long as the price sustains above the broken trendline. Key Levels to Watch: Entry Zone: After breakout confirmation or upon retesting the broken trendline as new support. Risk Management: Stop Loss: Placed below the trendline or recent swing low. Take Profit Zones: Focus on upcoming resistance areas and psychological price levels. Market Sentiment: Positive Momentum: A breakout above resistance typically reflects strengthening buying interest and potential continuation of the upward move.
Long
by PIPSFIGHTER