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Euro / British Pound

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EURGBP trade ideas

Buy opportunityTrade Signal: Instrument: EUR/GBP Timeframe: 4-hour chart Strategy: Potential reversal play based on technical indicators and levels. Entry Point: Enter long near the current support level around 0.8236, as the price seems to be bouncing from a recent low. Stop Loss: Place the stop loss slightly below the recent low, at 0.8215 (visible red line as support break confirmation). Take Profit: Target the next resistance zone near 0.8311, as indicated by the upper marked area (approximately 0.90% from entry). Risk-Reward Ratio: The risk-to-reward ratio is favorable (around 1:3 based on stop loss and take profit levels). Momentum Indicator: The squeeze momentum oscillator at the bottom indicates diminishing bearish momentum (red bars shrinking). This could signify a potential reversal or bullish retracement.
Long
by GODOCM
EUR/GBP Reversal in SightHello, OANDA:EURGBP has reached a fresh low, and buyers are beginning to step in, suggesting a potential shift to the upside. The key support level to watch is 0.820688; if the price breaches and closes below this level, further downside could follow, although this seems unlikely at the moment. To confirm a reversal, the price needs to break and sustain above the 4-hour pivot point at 0.823253. No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344
by TradeWithTheTrend3344
EURGBP Wave Analysis 10 December 2024 - EURGBP under bearish pressure - Likely to fall to support level 0.8200 EURGBP currency pair under bearish pressure after breaking the support zone between the key support level 0.8265 (which stopped previous waves iii, (i) and i) and the support trendline of the Descending Triangle from November. The breakout of this support zone accelerated the active impulse waves 3 and v – which belong to the impulse wave (3) from January. Given the clear daily downtrend, EURGBP currency pair can be expected to fall toward the next support level 0.8200, the target for the completion of the active impulse wave 3.
Short
by FxProGlobal
EURGBP: 1H - Bullish MomentumTechnical Analysis: Trend: EURGBP is in bullish momentum, supported by the breakout of the last higher high (HH). RSI Sync: RSI is aligned with the bullish trend on 1H TF, confirming momentum. Double Bottom: A double-bottom pattern is visible on the 4H timeframe, supported by RSI divergence, further strengthening the bullish case. Entry Strategy: Entry Point: Buy at the breakout of the last higher high (HH) price. Stop Loss (SL): Place below the last low for risk management. Take Profit Levels: TP1: Near-term resistance or structure level. TP2: Next major resistance above TP1 to maximize profits.
Long
by ya_xir
EURGBP in accumulation Phase, getting ready for a swing upwardThe big players are now in accumulation phase, where they are picking up the liquidity at the bottom of the range (as drawn above). We will be accumulating the positions along with them during this time, getting in at the bottom. This phase is expected to last for another half day to a full day. Then, we ride the pair to our profit target, and thank our driver, as we are a hitch hiker on their big move.
Long
by SAILBOATEVANMOSERS
Weekly Analysis - EUR/GBP"On Monthly: Last month November, it made a Bearish Engulfing Candle and break through S. 0.83400. For December, it made a Doja so far and it seems there is a weak Bullish divergence compare to RSI. EMAs are split, 200 shows Bullish while 20 & 50 are Bearish. -- On Weekly: The Bearish move seems is strong and continues. All Three EMA, 200, 50 and 20 are above the price. However, it is inching towards 52 Weeks Low (Yellow Dotted line) after S. 0.82900. However, 0.82900 is a Psychological and Historical number as well as 52WL. --On Daily: It doesn't give much more data than what we know from Monthly and Weekly. All three EMA 200, 50, and 20 are above the price. However, you can still see the sign of reversal as it created a Hammer candle formation at a very strong Support 0.82900. -- On Hourly: Price is bouncing around 0.82900. Because at the higher time frame we have noticed a Bullish Divergence, price will go up, but not significantly. Perhaps around the neck of Double Top formation (Blue) and nose down back to Daily trendline. "
Short
by Ha-Lion
EURGBP - The weakness of the euro will end!?The EURGBP currency pair is below the EMA200 and EMA50 in the 4H timeframe and is moving in its descending channel. In case of breaking the resistance area, we can see the supply zone and resell in that zone with appropriate risk reward. A valid break of the drawn support area will provide us with the downward path of this currency pair to the level of 0.82400. Following Donald Trump’s victory in the U.S. presidential election, the euro experienced a sharp decline. This drop was attributed to market reactions to the possibility of aggressive policies in areas such as trade, immigration, and finance.Past experiences have shown that such policies can significantly impact exchange rates. It is anticipated that the U.S. tariff measures expected in early 2025 will play a crucial role in shaping the direction of exchange rates. The euro, particularly due to Europe’s significant trade surplus with the U.S., is highly vulnerable to these measures. According to statistics, the U.S. trade deficit with the eurozone increased from $158 billion in 2019 to $196 billion by September 2024. This development could serve as motivation for U.S. policymakers to apply further pressure. Another factor that might weaken the euro is the poor performance of eurozone countries in meeting NATO’s defense spending targets. Out of the eight countries that remain below the 2% defense spending threshold, seven are in the eurozone. This could provide Trump’s administration with justification for adopting stricter trade measures. JP Morgan has forecasted that the European Central Bank (ECB) will cut interest rates by 50 basis points during its December 12 meeting. While the market assigns only a 20% probability to this reduction, JP Morgan believes that such a cut would not suffice to bolster the economy. Data indicates that the preliminary estimate for overall consumer inflation dropped from 2.8% to 2.7%, while core inflation rose from 2% to 2.3%. Villeroy, a member of the ECB, dismissed these changes as insignificant. In his speech, he stated: “We have good news; inflation is decreasing and moving toward our target. Therefore, it is likely that we can continue reducing interest rates.” He added, “We are confident in our projections and expect to achieve our inflation target, possibly in the first half of next year.” Christine Lagarde, President of the ECB, in an article for The Economist, discussed how Europe’s savings can be transformed into investments, innovation, and growth. She highlighted that Europe faces numerous economic challenges and that directing savings toward productive investments is essential to stimulate growth. Lagarde emphasized the need for a strong capital markets union in Europe to better allocate financial resources and improve access to capital for innovative companies. She also stressed the importance of structural reforms to enhance the business environment and encourage entrepreneurship. She pointed to the role of coordinated fiscal and monetary policies in supporting sustainable and innovative investments and underscored the importance of cooperation among EU member states in achieving these objectives. Additionally, she called for the establishment of a stable and predictable legal and regulatory framework to boost investor confidence and drive economic growth. A recent Cluster17 survey revealed that around 54% of French citizens want President Emmanuel Macron to resign and for early presidential elections to be held in 2025. The survey also showed strong public polarization regarding the collapse of the Barnier government, highlighting the inability of political parties to unite voters. Political analyst Stéphane Fournier noted that these results increase pressure on Macron to appoint a new prime minister. The findings also reflect public dissatisfaction with the current political situation and the failure of parties to provide effective solutions to the ongoing crisis. According to a recent Reuters survey of economists, 73 out of 75 economists predict that the ECB will cut the deposit rate by 0.25% during its December meeting. Two others anticipate a 0.5% cut. Moreover, 51 out of 67 economists expect the ECB to reduce the deposit rate to 2% or lower by the end of 2025. Notably, in a November survey, 43 out of 63 economists made the same prediction.
Short
by Ali_PSND