EURGBP trade ideas
DeGRAM | EURGBP pullback from the trend lineEURGBP is above the ascending channel between the trend lines.
The price is moving from the dynamic resistance and is now under the 78.6% retracement level.
The chart has formed a harmonic pattern.
We expect a pullback.
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EURGBP - Will the pound continue to fall?The EURGBP currency pair is above the EMA200 and EMA50 in the 4-hour timeframe and is moving in its upward channel. The continued rise of this currency pair towards the supply zone will provide a position to sell it with a suitable risk reward. In case of downward correction, we can buy within the demand zone.
Yesterday, Reeves, the UK Chancellor of the Exchequer, faced questions from Members of Parliament following a significant increase in the sale of UK government bonds. Sir Lindsay Hoyle, the Speaker of the House of Commons, accepted an urgent query raised by Conservative opposition members. This compelled Reeves to appear in Parliament on Thursday morning, as the yield on 10-year UK government bonds surged to 4.93%, the highest level since 2008.
The pound also dropped during this market turmoil, reaching $1.224, its weakest level since November 2023. The rising yields on UK government debt have posed a serious challenge to Reeves’ fiscal plans, constraining the government’s borrowing capacity under its budgetary rules. Borrowing costs have spiked as investors grow increasingly concerned about the government’s heavy borrowing needs and the mounting risk of stagflation.
Jones, a senior official at the UK Treasury, stated that only the Office for Budget Responsibility (OBR) could predict the impact of bond market movements on the fiscal outlook. He emphasized that the government remains committed to strict fiscal rules, ensuring public spending stays within budget limits. He also noted that public services must operate within their allocated resources, dismissing the need for any emergency intervention by the Treasury.
Meanwhile, Breeden, a member of the Bank of England, commented that recent data suggest it may be time to ease restrictive policies.She expressed the need to understand the causes behind the slowdown in economic activity and how employers are coping with higher hiring costs. While economic activity appears somewhat subdued, Breeden added that it is expected to rebound.
According to a Citi/YouGov survey, UK households’ one-year inflation expectations have risen to 3.7%, while their long-term inflation expectations have climbed to 3.9%. Concurrently, the UK Debt Management Office plans to syndicate and reissue the 4.375% 2040 bonds in the week starting January 20. This move aims to finance the government and manage public debt.
Separately, Cipollone of the European Central Bank remarked that monetary policy should enable the Eurozone economy to operate at full capacity while avoiding demand reductions that could trigger inflationary shocks. He highlighted structural issues in Europe’s industrial sector, including declining productivity relative to the US and excessive reliance on foreign technological solutions. Cipollone further noted that Europe has lost its edge in innovation and scalability due to fragmented markets and a defensive, nationalist approach.
EURGBP: Top-Down Analysis & Bullish OutlookEURGBP successfully adhered to a previously broken significant horizontal resistance level. Following its bullish breakout, a highlighted blue region turned into a support zone.
Testing the broken structure, the market established an inverted head and shoulders pattern on a 30-minute timeframe, signaling a short-term bullish indication.
It is anticipated that there will be a pullback, reaching a minimum of 0.8392 and potentially extending to 0.8410.
EURGBP The EUR/GBP currency pair is currently a strong sell opportunity at the price of 0.83755. Traders should aim for the following target levels:
1. Take Profit 1: 0.83200
2. Take Profit 2: 0.82800
3. Take Profit 3: 0.82400
To minimize risks, set a stop-loss at 0.84300.
Key Trading Tips:
Always stay informed and refine your strategies based on market conditions.
Never invest more than you can afford to lose.
Use risk management tools like stop-loss orders and diversify your portfolio to safeguard your capital.
EURGBP break higher has stalled. Intraday Update: The EURGBP has stalled at the 38% retracement of the Aug highs to Dec lows. Also, the 161% ext of the last move lower has held as resistance after coming out of the descending wedge. While below the .8400 level we'd expect dips to be bought back at the .8325 level.
Long trade
4Hr TF overview
1Hr TF overview
Pair EURGBP
Sun 05th Jan 25
5.00 pm
NY session PM
Buyside trade
Entry 4Hr TF
Entry 0.82988
Profit level 0.83695 (0.85%)
Stop level 0.82729 (0.31%)
RR 2.73
Reason - Observing price action since the 5th Jan 2025 and price respecting support zone highlighted green) seem indicative of a buyside trade.
DeGRAM | EURGBP seeks to exit the channelEURGBP is in a descending channel between the trend lines.
The chart is holding above the trend line and 38.2% retracement level.
The price has formed a bullish takeover while attempting a decline under the dynamic support.
We expect the price to rise after consolidation above the resistance level.
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Institutional Supply: EUR/GBP shortsHey,
Price is currently in a key counter-zone supply..
This means that I'll be watching it closely to see if the 4h wants to slow down.
PA is very strong to the upside at the moment..
I want to see my indicator print a star formation to take it short.
Let's be patient.
Kind regards,
Max Nieveld
EURGBP Forecast: Bullish Trends Ahead!As I analyze the current market conditions for the EURGBP pair, I'm leaning towards a buy position. The recommended entry price stands at 0.83411, with a take profit target of 0.83676667 and a stop loss set at 0.82981667.
This bullish outlook is supported by the resilience noticed in the eurozone's economic indicators, which show steady growth amidst global economic fluctuations. Recently, positive manufacturing data and stronger consumer confidence in the euro area have created a favorable environment for the euro.
Moreover, the strategy utilized here is powered by the EASY Trading AI, which has successfully identified a consistent pattern in market movements. The analysis indicates that the EURGBP is positioning itself for an upward trend, driven by market sentiment and economic fundamentals.
For traders, it's crucial to observe the levels set for take profit and stop loss. The risk-reward ratio in this scenario is compelling, offering a decent opportunity for possible gains while managing risks effectively.
Utilizing the EASY Trading AI, traders can benefit from automated signals and algorithms designed to maximize returns. Don't forget, experienced traders also recommend subscribing to our Telegram signals for timely updates. Happy trading!
EURGBP H4 | Falling from 161.8% Fibo?Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 0.8372, which is an overlap resistance close to a 161.8% Fibonacci extension.
Our take profit will be at 0.8328, a pullback support level.
The stop loss will be at 0.8416, an overlap resistance level.
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EURGBP whats next, continuation?
What next with OANDA:EURGBP , price is come back in zone, zone looks valid, strong and today we are have BOE rate cut, which is result with moving price back in zone, here personaly bullish,
can wait and for some pattern, or some consolidation above zone for better confirmation lvl.
SUP zone: 0.82500
RES zone: 0.83420, 0.83620
EURGBP Breaking Resistance: Turning Challenges into OpportunityThe forex pair EURGBP is currently trading at 0.83300, with a target price set at 0.84500. This suggests a potential upward movement of over 100 pips. The analysis is based on the support and resistance pattern, a widely used technical analysis method. The main resistance level appears to be breaking, indicating bullish momentum. A breakout above the resistance often signifies increased buying pressure and potential for further price increases. Traders might consider this breakout a signal to enter long positions. However, the accuracy of this setup depends on the strength of the breakout and market conditions. It’s essential to monitor for false breakouts, which can lead to reversals. Risk management strategies, such as stop-loss orders, should be in place. Overall, this setup suggests a favorable risk-to-reward ratio for a bullish trade.
EURGBP intraday rallies to continue attract sellers?EURGBP - 24h expiry
The primary trend remains bearish.
Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end.
There is no clear indication that the downward move is coming to an end.
The bearish engulfing candle on the 4 hour chart is negative for sentiment.
50 1day EMA is at 0.8310.
We look to Sell at 0.8309 (stop at 0.8329)
Our profit targets will be 0.8259 and 0.8249
Resistance: 0.8300 / 0.8315 / 0.8328
Support: 0.8285 / 0.8263 / 0.8250
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ANALYSIS OF EURGBP TRENDS WITH DOWN The chart represents the EUR/GBP currency pair on the 4-hour timeframe using Heikin Ashi candles. Here’s the analysis:
Observations:
1. Resistance Zone:
A strong resistance level is marked around 0.8327, indicating repeated price rejection at this zone (highlighted by orange circles).
2. Support Levels:
Two prominent blue lines represent key support levels:
First Support: 0.8260
Second Support: 0.8223 (Diamond Zone), which is the significant area of interest.
3. Diamond Pattern:
A "diamond zone" is identified as a potential key breakout/breakdown area. This structure often indicates an upcoming price move.
4. Trendlines:
A yellow trendline shows the recent downward momentum.
The price action suggests the possibility of lower highs and lower lows, implying bearish sentiment.
5. Projected Movement:
Blue arrows indicate a bearish outlook:
The first downward move targets the first support level.
If breached, the price may head toward the diamond zone (second support level).
Conclusion:
Bearish Bias: The chart suggests EUR/GBP may continue its bearish movement, especially if the resistance at 0.8327 holds strong.
Trading Strategy:
Entry: Look for confirmations (e.g., rejection candles or strong bearish momentum) near resistance for potential short positions.
Targets:
TP1: 0.8260
TP2: 0.8223 (diamond zone)
Stop Loss: Place it above 0.8330 to protect against invalidation of the bearish setup.
Monitor price action at key levels for confirmation.
EUR/GBP Starts ConsolidationEUR/GBP Starts Consolidation
EUR/GBP is consolidating and might aim for a fresh increase above 0.8320.
Important Takeaways for EUR/GBP Analysis Today
- EUR/GBP is trading in a bearish zone below the 0.8330 pivot level.
- There is a short-term contracting triangle forming with resistance near 0.8305 on the hourly chart at FXOpen.
EUR/GBP Technical Analysis
On the hourly chart of EUR/GBP at FXOpen, the pair started a consolidation phase after it failed to surpass 0.8330. The Euro traded below the 0.8320 and 0.8300 support levels against the British Pound.
The EUR/GBP chart suggests that the pair even declined below the 50% Fib retracement level of the upward move from the 0.8275 swing low to the 0.8317 high. It is now consolidating losses and trading below the 50-hour simple moving average.
The pair is now facing resistance near the 0.8305 level. There is also a short-term contracting triangle forming with resistance near 0.8305.
The next major resistance could be 0.8320. The main resistance is near the 0.8330 zone. A close above the 0.8330 level might accelerate gains. In the stated case, the bulls may perhaps aim for a test of 0.8380. Any more gains might send the pair toward the 0.8400 level.
Immediate support sits near 0.8290. The next major support is near 0.8285 or the 76.4% Fib retracement level of the upward move from the 0.8275 swing low to the 0.8317 high.
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.
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