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EURGBP trade ideas

EUR/GBP: Key Support at 0.8230 Could Trigger UptrendThe EUR/GBP pair has been falling steadily and recently reached 0.8230, its lowest point in over 3 years. The last time the price touched this level was in March 2022, which marked the start of a strong upward trend. This makes 0.8230 an important support level where the price could bounce back. We believe this could be the beginning of a uptrend, and we're aiming for two key targets: 1. First Target (TP1) : 0.8445 This is the first resistance level where the price might pause. 2. Second Target (TP2) : 0.8610 If the first resistance is broken, this is the next level we expect the price to reach. Watch the price closely around 0.8230. If it starts moving up, that could confirm the trend change. Consider setting a stop loss below 0.8230 to manage risk while targeting the levels mentioned above.
Long
by FXTradingAnalysis
2
EUR/GBP Technical Analysis: Bullish Rebound from Key Support!!Key Observations: 1. Support Zone & Trendline: A support zone (marked in red) is visible, which aligns with a rising trendline. The price has tested this area and bounced upwards, suggesting demand at this level. 2. Bullish Rejection & Confirmation: The recent price action shows rejection of lower prices within the support zone. A bullish candle has emerged after the price tested this zone, hinting at potential upside momentum. 3. Moving Average Resistance: The 200-day EMA (Exponential Moving Average) at 0.84058 acts as a significant resistance level. If the price sustains above the trendline and support zone, a potential retest of the 200 EMA is likely. 4. Price Target & Direction: The blue arrow suggests an expected bullish move. The immediate target is around 0.8400 - 0.8450, where the 200 EMA and previous price action resistance exist. Conclusion & Trading Plan: Bullish Bias: As long as the price holds above the trendline and support zone, further upside is favored. Breakout Confirmation: A daily close above 0.8350 could further confirm bullish momentum. Bearish Scenario: If the price breaks below the trendline and support zone, it could trigger a bearish move toward 0.8250.
Long
by MrStellanSight
2
Potential bullish reversal off pullback support?EUR/GBP has bounced off the pivot and could rise to the 1st resistance which acts as a pullback resistance. Pivot: 0.8273 1st Support: 0.8223 1st Resistance: 0.8317 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.
Long
by ICmarkets
EURGBP Wave Analysis – 18 February 2025 - EURGBP broke the support zone - Likely to fall to support level 0.8265 EURGBP currency pair recently broke the support zone between the support level 0.8300 (which stopped the previous impulse wave i at the end of January) and the 61.8% Fibonacci correction of the upward ABC correction 4 from December. The breakout of this support zone accelerated the active short-term impulse wave iii of the higher order impulse wave 5 from January. EURGBP currency pair can be expected to fall to the next support level 0.8265 (former low of the minor correction b from the end of December).
Short
by FxProGlobal
The Breakdown Pattern + 3 Step Trading SystemAm feeling so lazy and sad as I think about the amount of time it took me to master trading. Am thinking about how all my friends have moved on with their lives. While I remember struggling to learn about capitalism in order to raise money for my dreams. As these thoughts run through my mind I took a walk to help myself and it helped me and calmed my heart down. i had to be very bold to post this trade CAPITALCOM:EURGBP because I have made mistakes in my last forex trades but this did not discourage me at all Am from reading a powerful email newsletter that talks about the power of the breakout market cycle in this case, we are looking at the breakdown This is when resistance becomes support this breakout happened a day ago but I think there is still a chance to trade. This chart pattern follows the rocket booster strategy. It has the following 3 steps: 1-The price has to be below the 50 Day Moving Average 2-The price has to be below the 200 Day Moving Average 3-The price has to gap down on a new 52-week low This last step is very important because this is the market cycle of a breakdown. Rocket boost this content to learn more. Disclaimer: Trading is risky please learn risk management and profit-taking strategies.Also, feel free to use a simulation trading account before you trade with real money.
Short
by lubosi
EURGBP key trading level at 0.8360The EURGBP currency pair price action sentiment appears bearish, supported by the longer-term prevailing downtrend. The key trading level is at 0.8360. An oversold rally from the current levels and a bearish rejection from the 0.8360 level could target the downside support at 0.8312 followed by the 0.8290 and 0.8270 levels over the longer timeframe. Alternatively, a confirmed breakout above the 0.8360 resistance and a daily close above that level could trigger further rallies higher and a retest of the 0.8380 resistance level followed by 0.8400. 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.
by TradeNation
momentum adds to our previously shared pound shorts.momentum adds to our previously shared pound shorts. If dips further the zones shown are highly attractive for this week Check out our socials for some nice insights. Let us know if there're any pair you like to see or if this is something you like. Do ask if you have any question Not as refined as our direct trade setups. More for advanced active traders. information created and published doesn't constitute investment advice! NOT financial advice
by Mabelm