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EURGBP trade ideas

EURGBP Wave Analysis – 15 April 2025 - EURGBP reversed from the resistance zone - Likely to fall to support level 0.8460 EURGBP currency pair recently reversed down from the resistance zone between the resistance levels 0.8735 (former strong resistance from 2023) and 0.8625 (which reversed the price twice from the start of this year September.) This resistance zone was strengthened by the upper weekly Bollinger Band and by the 38.2% and 50% Fibonacci correction levels of the downtrend from 2022. Given the clear daily downtrend, EURGBP currency pair can be expected to fall to the next support level 0.8460, the former top of wave A from the start of 2025.
Short
by FxProGlobal
EUR/GBP Short Setup – Technical Breakdown Aligns with Dovish ECBTechnical Insight: EUR/GBP is once again rejecting a major higher timeframe resistance zone, showing clear signs of bearish pressure. Price action has decisively broken below the ascending trendline that held since April 2, confirming a market structure shift. The break adds to confluence as momentum turns in favor of sellers. Fundamental Backdrop: This week’s European Central Bank (ECB) meeting is highly anticipated, with increasing speculation that policymakers will lean dovish—potentially signaling readiness to cut rates as early as June. Recent data from the Eurozone (including sluggish PMI prints and easing inflation figures) has further pressured the euro, making it vulnerable ahead of the announcement. In contrast, the Bank of England remains cautious on rate cuts amid persistent wage and services inflation, which may keep GBP relatively supported in the near term. Key Takeaways: Bearish market structure confirmed with trendline break HTF resistance still holding firm (0.8737–0.8743) ECB likely dovish, weakening euro fundamentals BoE more hawkish stance strengthens GBP outlook Risk-reward ratio remains favorable with downside targets around 0.8350–0.8320
Short
by FaithdrivenTrades
EURGBP SHORT FORECAST Q2 W16 D16 Y25EURGBP SHORT FORECAST Q2 W16 D16 Y25 Morning All, A short forecast to begin a monday morning! Weekly order block rejection to start the week. Bullish pressure visible therefore as always, we await confluences prior making an assumption. In addition, we accept another reason for the trade to play against us - the weekly wick high, there is always a chance this is filled prior the turn around in price action however, if a break of 15' structure is presented, that risk will be accepted. Happy to get involved in either of the set ups illustrated- set up 2 is clearly the "risky" trade of the two BUT did we ever forget our role is to manage risk. Set up two however have an added confluence of Tokyo range to be filled, pulling price action short. I trust the chart analysis is becoming self explanatory. Let's see how EURGBP plays! FRGNT X
Short
by JCFRGNT
Bullish continuation?EUR/GBP has bounced off the pivot which is a pullback support and could rise to the 128.2% Fibonacci resistance. Pivot: 0.8608 1st Support: 0.8527 1st Resistance: 0.8767 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
EUR.GBP. Compra. Proteger en 1.1 tomar ganancias 1.2. Trade sent on EURGBP. I already entered, but you can still get in right now if you want. We will update it live: when it hits 1.1 we move the stop loss to breakeven, and if it reaches 1.2 you can take partial profits, let it run, or manage it as I’ve always taught you. Remember, the most important thing is not to lose, protect your capital, and secure profits. As I always say: a bird in the hand is worth more than a hundred flying.
by edisonjavierrey
1
Death of the POPE and Economic Impact Hi, I'm trader Andrea Russo and today I want to talk to you about an event that has deeply shaken the world: the death of Pope Francis. Pope Francis, born Jorge Mario Bergoglio, was the first Latin American pontiff and the first Jesuit to hold the role of Pope. Born in Buenos Aires in 1936, he dedicated his life to serving the Church and those most in need. His pontificate, which began in 2013, was characterized by a strong commitment to social justice, peace and environmental protection. He has always tried to bring the Church closer to the faithful, promoting a message of love, humility and inclusion. The death of Pope Francis, which occurred on April 21, 2025, left a huge void not only in the Catholic Church, but also in the hearts of millions of people around the world. His charismatic figure and his commitment to human rights and social justice have had a significant impact on many aspects of global society. Pope Francis has been a spiritual leader who has been able to speak to the hearts of people, regardless of their faith. He has addressed complex issues such as the refugee crisis, climate change and global poverty, always seeking solutions that promote human dignity and solidarity. His encyclical "Laudato si'" has been an urgent call to the international community to take care of our common home, planet Earth. Now, let's analyze how the death of Pope Francis could affect the stock market and forex. The passing of such an influential figure can generate uncertainty and volatility in the financial markets. Investors may react with caution, waiting to see how the Church will manage the transition and who will be the next Pope. In addition, the Jubilee of 2025, which is underway, could undergo organizational changes, affecting tourism and the economy of Rome. In the short term, there may be some instability in the markets, with fluctuations in the values ​​of currencies and stocks linked to sectors influenced by the Catholic Church. However, in the long term, stability could be restored once the new Pope is elected and the Jubilee celebrations continue. The death of Pope Francis could also have repercussions on the bond market. Investors could seek refuge in safer assets, such as government bonds, increasing demand and influencing yields. In addition, companies operating in the religious tourism sector could see a temporary drop in bookings, impacting their profits. Let's now analyze the currency pairs that could be affected by this event: EUR/USD: The euro/dollar pair could see increased volatility, especially considering the importance of the Vatican and Rome in the European economy. Uncertainties related to the Jubilee and religious celebrations could affect the value of the euro. EUR/GBP: The euro/pound pair could also be affected, as many pilgrims and tourists from the UK could change their travel plans, affecting the flow of capital between the two regions. USD/JPY: The dollar/yen pair could see significant movements, as Japanese investors tend to seek refuge in safe assets such as the US dollar in times of global uncertainty. EUR/CHF: The euro/Swiss franc pair could be affected by European investors' search for stability. The Swiss franc is often considered a safe haven in times of volatility. Another crucial aspect will be the day of the election of the new Pope. The Conclave, which will take place between May 6 and 11, 2025, represents a moment of great expectation and hope for millions of faithful around the world. During this period, the cardinal electors will gather in the Sistine Chapel to vote for the successor of Pope Francis. The white smoke, announcing the election of the new Pope, will be a sign of stability and continuity for the Catholic Church. On the day of the election, there is likely to be increased volatility in financial markets. Investors may react quickly to the news, trying to anticipate the economic and political implications of the new pontificate. Currencies and stocks linked to sectors influenced by the Catholic Church could see significant movements, with possible trading opportunities for those who are able to correctly interpret the market dynamics. In conclusion, the death of Pope Francis is a major event that will have not only spiritual and social repercussions, but also economic ones. Investors should carefully monitor the developments and adapt their strategies based on the new dynamics that will emerge.
Education
by Andrea_Russo_SwipeUP
EURGBP Flashes Two Bearish Technical Signals Ahead of LagardeEURGBP is giving negative technical signals ahead of the Lagarde's press conferance. After Trump announced new tariffs, the euro surprisingly gained against the pound. The U.S. imposed tariffs twice as large on the EU compared to the UK, with a minimum of 10% on UK goods. Despite this, the pound weakened more than expected. However, this move might prove to be temporary. The real focus of ECB will be on the outlook. Recent economic data, combined with the added pressure from tariffs, may push the ECB toward further rate cuts later this year. President Lagarde has been cautious for some time, offering few forward-looking signals. Today, markets will be closely watching for any hint of future easing. If Lagarde sounds more dovish than expected, the euro could come under renewed bearish pressure. EURGBP has been forming a head and shoulders-like pattern since the start of last week. It may currently be developing the second shoulder, depending on how the price moves today. A combination of 8–13 hour moving average crosses and RMI sell signals on the 60-minute chart has successfully captured all local tops since April 7. These same signals have appeared again today. If they prove accurate once more, the 0.8525 support level will be key. This level represents the neckline of the potential head and shoulders pattern. However, if EURGBP moves above 0.8620, the bearish setup would be invalidated.
Short
by ftdsystem
EURGBP INTRADAY awaits ECB Rate DecisionEUR/GBP maintains a bullish bias, supported by the prevailing upward trend. Recent intraday movement indicates a corrective pullback toward a key consolidation zone, offering a potential setup for trend continuation. Key Support Level: 0.8525 – previous consolidation range and pivotal support Upside Targets: 0.8736 – initial resistance 0.8787 and 0.8900 – extended bullish targets on higher timeframes A bullish reversal from 0.8525 would suggest continuation of the uptrend, confirming buying momentum. However, a decisive break and daily close below 0.8525 would invalidate the bullish structure, opening the door for further retracement toward 0.8460, with additional support at 0.8370 and 0.8300. Conclusion EUR/GBP remains bullish above 0.8525. A bounce from this level supports further gains. Traders should watch for confirmation signals before positioning for the next move. 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