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Euro / British Pound

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EURGBP trade ideas

Sell Trade Idea for EUR/GBPDescription The EUR/GBP currency pair, representing the exchange rate between the Euro (EUR) and the British Pound (GBP), presents a potential sell opportunity due to key economic fundamentals: - **UK Economic Resilience:** Despite global economic uncertainties, the UK economy has shown signs of resilience, driven by strong employment data and consumer spending. The Bank of England’s relatively hawkish stance on interest rates could further support the strength of the GBP. - **Eurozone Challenges:** The Eurozone is currently facing multiple economic challenges, including slow growth, inflationary pressures, and concerns about energy security. These issues could weigh heavily on the Euro, making it less attractive compared to the Pound. - **Diverging Monetary Policies:** While the Bank of England is focused on managing inflation through potential interest rate hikes, the European Central Bank (ECB) remains more cautious, which may create downward pressure on the Euro relative to the Pound. Given these fundamentals, a sell position on EUR/GBP could take advantage of the diverging economic outlooks and monetary policies between the Eurozone and the UK. Disclaimer Trading in the forex market involves substantial risk and is not suitable for all investors. The content provided is for informational purposes only and should not be considered financial advice. Forex markets are highly volatile and influenced by various economic and geopolitical factors. Always perform your own research, consider your risk tolerance, and consult a qualified financial advisor before making any trading decisions. Past performance does not guarantee future results.
Short
by MoonTradingForecast
2
EURGBP SHORTSMassive H&S Pattern printed and confirmed on Daily timeframe I have been monitoring this pair for it to present lower high which has been fulfilled at 38.2 Fib level EMA's on majority timeframes are bearish along with GBP strength coming in towards the end of last week On the 1hr timeframe as will shown below price has broken below the previous M Supp level and has retested and respected this level and come lower I'm currently already short as shown in image ICMARKETS:EURGBP
Short
by MarlyForex1
$EURGBP | Sell Trade | Market Exec |Technical Confluences: Price action is bounced off an Interest Zone and created a newer low Price is breaking through a support trendline To note, Stochastics is moving into Oversold conditions but fundamentally, there is support for OANDA:EURGBP to be weaker Fundamental Confluences: This FX pair is a trade-related pair and normally doesn't move much against one another unless there is a change in fiscal or monetary front In this sense, we got a gauge of how both central banks, ECB and BOE stance are. ECB is taking on a data dependent stance and is trying to resist cutting interest rates while BOE sent out a hawkish note the other day that majority of them do not want to cut rates Naturally from a yield perspective, holding GBP compared to EUR is more attractive and this is what we are aiming for. ----- Will be taking on a short OANDA:EURGBP position when market reopens on Monday. This trade may take some time to complete as it there is normally not much action with this pair except during London's trading hours. -----
Short
by weekendanalyst
Bear Flag w/Confirmed Bearish Break - EGHere I have EUR/GBP on the Daily Chart! Price gave a Bearish Break to the Ascending Channel which confirms we are seeing a Bearish Flag. -The Volume behind the Candle that Broke the Ascending Channel signifies that it was a Strong and Valid Break Being a Continuation Pattern, I suspect we will see Price Retest the Break of the Ascending Channel and continue Downward! -Looking for a retest in the ( .8430 - .8435 ) Indicators: - Price trading Below 200 EMA - RSI Below 50 - BBTrend Printing Strong Red Bars - Volume showing Bears accumulating
Short
by Novi_Fibonacci
EURGBP Massive Long! BUY! My dear friends, My technical analysis for EURGBP is below: The market is trading on 0.8393 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 0.8415 Recommended Stop Loss - 0.8382 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
EURGBP - SELL IDEA Since the begginning of the month, EURGBP is corrective to the upside with lack on intention to go higher. Price respected a stack area of daily + 4h imbalance, showing intention to the downside. There is a 4h new area of imbalance wich was formed after those equal lows break to the downside with an impulsive move. I'm expecting a pullback to the upside, sweeping liquidity and reacting from that new area. My target will be the LL of the current 4h structure (red light).
Short
by moneyconceptfx
EURGBP to find sellers at marabuzo resistance?EURGBP - 24h expiry Broken out of the channel formation to the downside. Yesterday's Marabuzo is located at 0.8431. Preferred trade is to sell into rallies. The primary trend remains bearish. We look for a temporary move higher. We look to Sell at 0.8430 (stop at 0.8446) Our profit targets will be 0.8390 and 0.8375 Resistance: 0.8420 / 0.8430 / 0.8445 Support: 0.8415 / 0.8404 / 0.8380 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
EURGBP Will Go Higher From Support! Long! Please, check our technical outlook for EURGBP. Time Frame: 7h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 0.841. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 0.843 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
2
EURGBP Is Going Down! Sell! Here is our detailed technical review for EURGBP. Time Frame: 7h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 0.843. Considering the today's price action, probabilities will be high to see a movement to 0.840. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
2