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EURGBP trade ideas

Lingrid | EURGBP sideways MOVEMENT. Potential ShortFX:EURGBP market is oscillating between the support zone at 0.82300 and the resistance zone at 0.83300. Currently, the price has bounced off the support level and is approaching the upper boundary of the consolidation zone. There is a strong chance that the market will rebound at the resistance level, where the upward trendline and the resistance zone around 0.83000. I anticipate that the market will pull back from this zone and potentially retest the middle of the consolidation range before deciding its next direction. My goal is support zone around 0.82700 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
2
EURGBP in a Tug-of-War: A Looming Short Opportunity?The EURGBP market has been experiencing a period of consolidation, confined within a well-defined range between a robust support zone at 0.82300 and a notable resistance zone at 0.83300. This sideways movement reflects the market’s indecision, as traders await key signals to determine the pair’s next major directional move. Currently, the price action has demonstrated a rebound off the lower boundary of this consolidation range—the support level at 0.82300—which has proven to be a formidable floor, absorbing selling pressure and providing a base for upward momentum. Following this bounce, the pair is now gravitating toward the upper boundary of the range near 0.83300, a level that has repeatedly acted as a ceiling, thwarting bullish attempts to break higher. What makes the current setup particularly compelling is the confluence of technical factors near the resistance zone around 0.83000. Not only does this area align with the horizontal resistance level, but it is also reinforced by an upward trendline, creating a potential intersection of supply that could catalyze a bearish reversal. The presence of this dual-layered resistance amplifies the probability of a pullback from these levels, as buyers may struggle to sustain upward momentum in the face of intensified selling pressure. Given this context, I anticipate that the market is likely to react at the resistance zone by staging a pullback, potentially retesting the midpoint of the consolidation range as the pair oscillates within its established boundaries. My primary focus remains on the support zone around 0.82700 as a key target for this anticipated downward correction. This level not only sits comfortably within the middle of the broader range but also represents a logical area where buyers might reenter the market, seeking to defend the pair from further declines. In summary, the EURGBP pair appears poised for a potential shorting opportunity as it approaches the critical resistance zone near 0.83000. This setup presents a classic case of range-bound market dynamics, where understanding the interplay between support and resistance levels can provide a roadmap for navigating price fluctuations. Patience will be crucial in this scenario, as the market's reaction to the resistance zone will likely determine the next phase of price action. Whether the pair ultimately breaks out of its current range or continues to oscillate, the immediate outlook suggests a bearish retracement is on the horizon. (The market decides how much profit you make. You decide how much you lose.)
Short
by lonelyPlayer0
#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
DeGRAM | EURGBP rebound from 62% retracement levelEURGBP is in a descending channel above the descending wedge formed by the trend lines. The price is moving from the lower trend line and the lower boundary of the channel. The chart has already consolidated above the upper trend line and is now above the support level coinciding with the 62% retracement level. We expect the rebound to continue. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Long
by DeGRAM
7
EURGBP Massive Short! SELL! My dear subscribers, This is my opinion on the EURGBP next move: The instrument tests an important psychological level 0.8308 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 0.8277 My Stop Loss - 0.8325 About Used Indicators: On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
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
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 Wave Analysis 19 December 2024 - EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP currency pair recently reversed up from the support zone located between the key support level 0.8225 (which stopped the previous minor impulse wave i) and the lower daily Bollinger Band. The upward reversal from this from the support zone is likely to form the daily Japanese candlesticks reversal pattern Bullish Engulfing – of the pair closes today near the current levels. Given the bullish divergence on the daily Stochastic, EURGBP currency pair can be expected to rise to the next resistance level 0.8300.
Long
by FxProGlobal