EUR/GBP Wedge Breakout (06.05.2025)The EUR/GBP Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Wedge Breakout Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position around Trendline Of T
About Euro / British Pound
The Euro vs the British Pound. This pair represents a cross between the two largest economies in Europe, the Euro Zone and the United Kingdom. The pair is greatly less volatile than other Euro or Pound based crosses because of the economic closeness and interdependence between the two. Changes in monetary policy between the Bank of England and the European Central Bank can make this pair extremely sensitive.
EURGBP DETAILED ANALYSIS TECHNICAL AND FUNDAMENTALSEURGBP is currently trading around 0.85, having completed a successful breakout and retest of the previous resistance-turned-support level. The price action aligns with a classic bullish continuation pattern, suggesting that the pair is poised for another upward move. My target for this bullish wave
EURGBP Next weeks overview H4This will be my view on EURGBP for the upcoming weeks.
Do I really need to give a detailed description? I will see (lol), but I might actually be publishing more ideas on whatever that I am looking at, and mostly it might be HT ; that's HT for me as a day trader and swing trader. M15 will be for a
EUR/GBP DESCENDING TRIANGLE BEARISH PETTERNCurrent Price Action: The pair is hovering around 0.8300, with support near 0.8280.
Bearish Confirmation: A sustained break below 0.8478 could target the 55-day EMA at 0.8455, reinforcing the bearish outlook.
Market Sentiment: The broader trend suggests that the rise from 0.8221 may have completed
EURGBP SELL TRADECMCMARKETS:EURGBP
Sell at 0.85378
SL at 0.85583
TP at 0.83353
Why sell..? Looking at the H4 TF. There is already a break to the downside signifying a chance of structure to the sell side.
And there is already two a touch retest on 0.85378 which verify a potential sell.
Coment below and let me
EURGBP head and shoulders top pattern, pay attention to the neckOn the 4-hour chart, EURGBP formed a head-and-shoulders top pattern and then fell back in a shock. Short-term bears have the upper hand. Currently, you can pay attention to the neckline near 0.8520. If the rebound is blocked, you can consider shorting. The support below is around 0.8380.
Potential bearish drop?EUR/GBP has reacted off the pivot and could drop to the 1st support which acts as a pullback support.
Pivot: 0.8526
1st Support: 0.8447
1st Resistance: 0.8572
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
EUR/GBP Breakout and Fibonacci Retest: Bullish Setup in PlayEUR/GBP has broken its strong weekly bearish trendline and the last lower high. The previously observed bullish divergence was hinting at this bullish momentum. Currently, the pair is testing the golden ratio of the Fibonacci retracement. A buy position can be considered at this level, targeting the
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Frequently Asked Questions
The value of the EURGBP pair is quoted as 1 EUR per x GBP. For example, if the pair is trading at 1.50, it means it takes 1.5 GBP to buy 1 EUR.
EURGBP is a minor currency pair, i.e. a popular pair that is not associated with USD. Such pairs are also called cross currency pairs.
Currencies are usually traded through forex brokers — choose the one that suits your needs and go ahead. You can trade EURGBP right from TradingView charts — just log in to you broker account. Check out the list of our integrated brokers and find the best one for your needs and strategy.