eurgbp buy potentialprice is reaching the bottom of channel within a sharp descending wedge. Expecting a bounce up and potential to head back to the top of channel
EURGBP trade ideas
EUR/GBP Bearish Retest – Downtrend Continuation Below 0.8300Chart Analysis & Trade Setup:
The EUR/GBP 2-hour chart highlights a strong downtrend with a descending trendline acting as resistance. The price recently tested a key horizontal resistance zone near 0.8300, rejecting it for a potential continuation lower.
Technical Breakdown:
📉 Descending Trendline: The price has respected the trendline resistance, marked by two key rejection points (black and red arrows).
📊 Support Turned Resistance: The previous support near 0.8300 has now flipped into resistance after a breakdown.
🔄 Bearish Retest Formation: Price is expected to retest 0.8300 before continuing the downtrend.
📌 Bearish Outlook: If the price holds below 0.8300, we can expect further downside toward new lows.
Trade Plan:
✅ Entry: Consider a short position near 0.8290 - 0.8300 on bearish confirmation.
🎯 Target 1: 0.8220 (Previous low).
🎯 Target 2: 0.8180 (Next key support zone).
🛑 Stop Loss: Above 0.8325, to protect against an invalidation of the bearish setup.
Conclusion:
EUR/GBP remains in a clear downtrend, with a bearish rejection at 0.8300 acting as a key trigger for further downside. Traders should watch for a clean retest before entering short positions.
📊 Bearish Retest in Play – EUR/GBP Targets Lower Levels! 🚀
EURGBP Potential DownsidesHey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.82900 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.82900 support and resistance area.
Trade safe, Joe.
Institutional Demand: EUR/GBP longsHey,
Another chart which is looking promising and is nearing my areas of value is EURO vs GBP!
Of course, we're not there yet but we are nearing the zone!
Let's sit on our hands and make the markets come to us.
Kind regards,
Max Nieveld
DeGRAM | EURGBP retest of the demand zoneEURGBP is in a descending channel, in the demand zone between the trend lines.
The price is moving from the lower boundary of the channel and dynamic support, which has previously become a rebound point.
The chart has formed a harmonic pattern.
Indicators on the 1H Timeframe point to a bullish convergence.
We expect growth after the retest of the lower boundary of the demand zone.
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Share your opinion in the comments and support the idea with like. Thanks for your support!
#037 Trust The Process EURGBP Buy 1625SGT 27022025Buying at Minor/major Support area.
I have some backlog yet to post as public posts, due to 10 post a day limitation I met yesterday.
1626SGT 27022025
EURGBP Buy setupOn EURGBP we are bullish for our next setup. Currently we are waiting for price to push till our areas of interest, where we will be looking to take long positions on this particular pair. Follow for more updates.
EURGBP trend reversal EURGBP at a trend reversal from bearish to bullish, entry with a buy stop RR.5%
EURGBP short - wait for retestI am looking at a EURGBP short here. I am waiting for a retest confirmation somewhere around the 0.82990 area and then I will sell to the first support of 0.82644 with a stop loss above the last swing high. There is also a possible second support area at 0.82290.
EURGBP USD Set To Grow! BUY!
My dear subscribers,
EURGBP looks like it will make a good move, and here are the details:
The market is trading on 0.8283 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.8293
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
Market Analysis: EUR/GBP RecoversMarket Analysis: EUR/GBP Recovers
EUR/GBP is gaining pace and might extend its upward move above the 0.8300 zone.
Important Takeaways for EUR/GBP Analysis Today
- EUR/GBP started a fresh increase above the 0.8285 resistance zone.
- There is a major bullish trend line forming with support at 0.8300 on the hourly chart at FXOpen.
EUR/GBP Technical Analysis
On the hourly chart of EUR/GBP at FXOpen, the pair started a fresh increase from the 0.8265 zone. The Euro traded above the 0.8285 level to move into a positive zone against the British Pound.
The EUR/GBP chart suggests that the pair settled above the 50-hour simple moving average and 0.8300. Immediate resistance is near 0.8305. The next major resistance for the bulls is near the 0.8320 zone.
A close above the 0.8320 level might accelerate gains. In the stated case, the bulls may perhaps aim for a test of 0.8365. Any more gains might send the pair toward the 0.8400 level in the coming days.
Immediate support sits near a major bullish trend line at 0.8300 and the 23.6% Fib retracement level of the upward move from the 0.8275 swing low to the 0.8305 high. The next major support is near the 0.8285 zone.
The 61.8% Fib retracement level of the upward move from the 0.8275 swing low to the 0.8305 high is also at 0.8285. A downside break below the 0.8285 support might call for more downsides.
In the stated case, the pair could drop toward the 0.8265 support level. Any more losses might send the pair toward the 0.8240 level in the near term.
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possibility of uptrendThe price is expected to consolidate above the support area and then we will see the start of the upward trend.
If the price crosses the support area, the continuation of the corrective and fluctuating trend will be likely.
The Day Ahead 25th Feb ‘25 February Tuesday 25
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Auctions: US 5-yr Notes
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Bearish drop?EUR/GBP is rising towards the pivot and could drop to the 1st support.
Pivot: 0.83138
1st Support: 0.82638
1st Resistance: 0.83575
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EURGBP is BullishPrice is bullish on daily time frame, and currently it has made a double bottom with bullish divergence which hints that bulls are assuming control of the price action. First higher high is printed and if that is broken then we can expect a bullish rally as per Dow theory. Targets are mentioned on the chart.
Heading into 61.8% Fibonacci resistance?EUR/GBP is rising towards the resistance level which is a pullback resistance that aligns with the 61.% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.8318
Why we like it:
There is a pullback resistance level that aligns with the 61.8% Fibonacci retracement.
Stop loss: 0.8353
Why we like it:
There is a pullback support level that is slightly below the 50% Fibonacci retracement.
Take profit: 0.8264
Why we like it:
There is a pullback support level.
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#019 Trust The Process EURGBP Buy 1504SGT 24022025Buying EURGBP.
Juggling between multiple accounts on different platforms. Need to get used to the multi-platform juggling, and the work processes.
1505SGT 24022025
EURGBP1)Trend defined. Daily downtrend.
2)Contradictory limit order entry. At the upper extreme of the 4h range.
3)Default loss. Above the swing high.
4)Default target level. 5.1.
5)Risk <= 3%.
6)Singular trade.
7)Trades placed today <= 5.
EURGBP INTRADAY consolidation around 0.8300The EURGBP currency pair price action sentiment appears bearish, supported by the longer-term prevailing downtrend.
The key trading level is at 0.8320. An oversold rally from the current levels and a bearish rejection from the 0.8320 level could target the downside support at 0.8260 followed by the 0.8250 and 0.8220 levels over the longer timeframe.
Alternatively, a confirmed breakout above the 0.8320 resistance and a daily close above that level could trigger further rallies higher and a retest of the 0.8350 resistance level followed by 0.8367.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
