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EURGBP trade ideas

Potential Bullish Reversal! - EGHere I have EUR/GBP on the 4 Hr Chart! Here we see Price has made 2 clear Lows ( Latter Lower than Previous Low ) with a High @ .84579 -Now to bring attention to the RSI Indicator, we can see Price is showing a different picture ( Latter Higher than Previous Low ) -We also have a Double Tap on the Lower Bollinger Bands These events add up to what seems to be a Divergence taking place where Price has made its True Low and RSI indicates its no longer looking to go LOWER!! Now for CONFIRMATION of this Potential Double Bottom Pattern, we NEED Price to Break and Close ABOVE the High @ .84579 and then to Re-test! INVALIDATION of Pattern will come if Price decides to go Lower than our Low @ .83972
Long
by Novi_Fibonacci
2
Forex Trading Signal for EUR/GBP PairDirection: Sell Enter Price: 0.84858 Take Profit: 0.8479 Stop Loss: 0.84939 We recommend a sell position for the EUR/GBP pair with an entry price at 0.84858. The target is to reach a take profit level at 0.8479, while the stop loss should be set at 0.84939. Justification for the Signal: This forecast is generated using the EASY Quantum Ai strategy, which is grounded in a robust analysis of several market factors: 1. Technical Indicators: Our strategy utilizes a combination of moving averages, RSI, and MACD to identify ideal entry and exit points. The current analysis shows bearish signals from these indicators, suggesting a downward trend. 2. Market Trends: Recent market data exhibits a pattern of lower highs and lower lows in the EUR/GBP pair, which is consistent with a declining trend. 3. Economic Data: Ongoing economic developments in the Eurozone have shown weaker-than-expected performance, which negatively impacts the euro. Conversely, the GBP has displayed relative strength due to better economic indicators in the UK. 4. Sentiment Analysis: Market sentiment analysis indicates a bearish outlook on the EUR/GBP pair due to geopolitical uncertainties and investor sentiment favoring the GBP over the EUR. By following the EASY Quantum Ai strategy, this signal aims to optimize potential gains while mitigating risks. Always ensure to monitor the market conditions, as forex trading involves significant risk. Trade safely! Disclaimer: This signal is provided for educational purposes only and is not a recommendation to buy or sell any financial instrument. Past performance is not indicative of future results.
Short
by ForexRobotEasy
EUR/GBP Exchange Rate Analysis: Key Insights and ProjectionsThe EUR/GBP exchange rate is a crucial indicator of economic dynamics between the Eurozone and the UK. Current fluctuations are driven by economic data, monetary policy expectations, and political events, with significant implications as the UK heads into a general election. Eurozone Economic Indicators and ECB Policy Persistent disinflationary pressures in the Eurozone, with the PPI falling by 0.2% in May. ECB may cut interest rates in Q3 2024 if producer prices continue to decline, potentially weakening the euro. Services sector growth slowing, with the final services PMI for June revised down to 52.8. UK's Pre-Election Economic Environment Cautious market sentiment towards the pound due to the upcoming general election. Hopes for a stable Labour victory supporting the pound. UK's services PMI for June eased to 52.1, reflecting a slowdown influenced by election-related uncertainty. Political Impact on Exchange Rates UK election could cause short-term volatility in the GBP/EUR exchange rate. A Labour victory might boost investor confidence and support the pound, while unexpected outcomes could increase uncertainty. Political stability in France supports the euro, despite broader economic challenges. Exchange Rate Forecast The EUR/GBP exchange rate will be influenced by the UK election outcome and ongoing Eurozone economic challenges. Current trading at around 0.8465, with political and economic developments being key drivers. Conclusion The EUR/GBP exchange rate reflects economic health and political stability in both regions. The imminent UK election and Eurozone economic indicators will shape its future direction, with potential volatility expected in the short term.
Short
by signalmastermind
EURGBP The Target Is DOWN! SELL! My dear followers, This is my opinion on the EURGBP next move: The asset is approaching an important pivot point 0.8465 Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 0.8451 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
EURGBP intraday rallies continue to attract sellers.EURGBP - 24h expiry Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Price action looks to be forming a top. Intraday signals are bearish. Preferred trade is to sell into rallies. Bespoke resistance is located at 0.8485. We look to Sell at 0.8485 (stop at 0.8500) Our profit targets will be 0.8445 and 0.8425 Resistance: 0.8485 / 0.8500 / 0.8515 Support: 0.8455 / 0.8440 / 0.8425 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 Down! Sell! Take a look at our analysis for EURGBP. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 0.849. Considering the today's price action, probabilities will be high to see a movement to 0.845. 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