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EURGBP trade ideas

EURGBP ready to reverse the trendEURGBP ready to reverse the trend EURGBP just completed an inverse head and shoulders pattern. After the BOE decided to keep rates unchanged again for the seventh time, the GBP began to weaken. On the other hand, CPI data is cooling showing signs of improvement. Technical analysis: If the price manages to rise above the pattern, it will increase the chances of continuing the upward movement. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Long
by KlejdiCuni
2
EURGBP Will Go Up! Buy! Please, check our technical outlook for EURGBP. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 0.843. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 0.852 level. 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!
Long
by SignalProvider
1
BUY STOP at .8455 EUR/GBP (now .8443)At 12:00 today (25 minutes) we shall know what the BOE intend to do about the current round of interest rates. The market expectation is 0 - 2 - 7. The first digit is those MPC members who voted to increase rates (no-one expects this to be other than zero). The second digit is those MPC members who voted for a decrease in rates (the last month saw 2 members vote for a decrease against market expectation) The third digit reflects the opinion of MPC members who voted to leave rates unchanged. The most likely print will be 0 - 2- 7 and rates to be held at 5.5% but if we see 0 - 3 - 6 or even 0 - 4 - 5 and we see a rate cut then we can expect a massive move in GBP. In theory a vote to decrease interest rates and/or a rate cut should be GBP NEGATIVE but this is not guaranteed. The path of EUR/GBP will be one of 2 ways (see chart) on release of the numbers. If the market interpret the news as GBP positive (BULLISH) we can expect EUR/GBP to decline rapidly to at least WS1 support at .8400 but this support could easily break. If the market see the news as GBP negative then I have a BUY STOP placed at .8455 which is a few pips above the 200 EMA on H1. If this trade triggers then we can expect to see the gap that formed a week last open to close. However the data comes out at 12:00 be ready for some rapid price moves across all GBP pairs. Anyone with SHORT or LONG GBP trades will need to tighten stops but remember, spreads will increase by as much as 10 pips, possibly more as the news is announced.
Long
by forextraplaces
Lingrid | EURGBP bearish TREND. ShortThe price perfectly fulfilled my last idea. It hit the target. FX:EURGBP is currently trading within a descending channel, and after testing the support level and making an impulse leg down, the price has pulled back towards the resistance zone and trendline. I believe that given the bearish major trend on the daily timeframe, it's likely that the market will continue to move downward. The price is currently near the resistance zone and trendline, which suggests that it may struggle to break through these levels and maintain its downward momentum. My goal is to support at 0.84200 Traders, if you like this idea or have your own opinion on this matter, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
5
EUR/GBP Struggling to Find Grip at Support The EUR/GBP cross recently shook hands with support made up of Fibonacci ratios between £0.8408 and £0.8434 (consisting of 78.6% and 88.6% retracement ratios and a 1.618% projection ratio). While buyers have attempted to make a stand from the aforementioned area, the trend has largely favoured bears since November’s top (2023) at £0.8766. A clear descending resistance also warrants attention overhead that may discourage buying, extended from November’s peak. Given the current structure/trend, traders (and investors) may watch the descending resistance – as well as resistance marked above at £0.8500 – for selling opportunities over the coming weeks.
Short
by FPMarkets
EUR/GBP Trade Signal: Direction - SellDear Traders, Based on our analysis using the EASY Quantum Ai strategy, we have identified a compelling SELL opportunity for the EUR/GBP currency pair. Here are the specific details for this trade signal: Enter Price: 0.84494 Take Profit: 0.84388333 Stop Loss: 0.84622333 Our projection is founded on several key factors: 1. Technical Indicators: Recent technical analysis indicates a bearish trend, as observed by moving averages and momentum oscillators. The Relative Strength Index (RSI) is showing signs of downward momentum, suggesting selling pressure is likely to continue. 2. Economic Data: Recent economic reports from the Eurozone have been less than favorable, including lower than expected GDP growth and industrial production numbers. In contrast, the UK economy has shown relative stability, which bolsters the Pound. 3. Market Sentiment: Market sentiment favors a strengthening GBP due to potential interest rate adjustments by the Bank of England. This has been causing investors to shift towards GBP, adding selling pressure on EUR/GBP. 4. Geopolitical Factors: Uncertainty around Eurozone financial policies and Brexit developments continue to create an environment where EUR may weaken relative to GBP. Please note: This forecast is created using the EASY Quantum Ai strategy, which incorporates advanced algorithms and real-time data to optimize trade decisions. We encourage you to manage your risk appropriately and use the provided Stop Loss and Take Profit values to ensure disciplined trading. Happy Trading!
Short
by ForexRobotEasy
EUR/GBP Trading Signal: Buy RecommendationDear Traders, We have identified a promising trading opportunity on the EUR/GBP currency pair utilizing our EASY Quantum Ai strategy. Please find the detailed signal information below: Direction: Buy Enter Price: 0.84467 Take Profit: 0.84575333 Stop Loss: 0.84329333 Justification for the Prognosis: 1. Technical Analysis: Our EASY Quantum Ai strategy has identified a bullish trend based on key technical indicators such as the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI). These indicators signal a potential upward momentum. 2. Support and Resistance Levels: The current entry price is positioned comfortably above a significant support level, adding to the confidence in upward movement. The recommended take profit level is aligned with the next resistance zone, providing a target within achievable reach. 3. Market Sentiment: Sentiment analysis from market participants reveals a growing bullish outlook on the EUR against the GBP, influenced by recent economic data and geopolitical factors affecting the EUR zone positively. 4. Volatility Index: The market volatility is within a manageable range, providing an optimal risk-reward ratio for this trade setup. To summarize, our EASY Quantum Ai strategy suggests a Buy position on EUR/GBP at 0.84467, with a take profit target of 0.84575333 and a stop loss at 0.84329333. Happy Trading! Best Regards, Your Trading Analysis Team
Long
by ForexRobotEasy
EUR/GBP 1-hour chart analysis: Regression trading strategy usingDownward channel: The price fluctuates within the downward channel, showing a downward trend. Rebound point: The price rebounds near the upper boundary of the channel and continues to fall. Trading strategy: Regression trading strategy: Look for short opportunities when the price approaches the upper boundary of the downward channel. The stop loss can be set above the upper boundary of the channel, and the target price can be the lower boundary of the channel or a lower support level.
Short
by Day_Trading_Attack_Penguins
2
UK Inflation Target Hit, Sterling Up (Short-Term?) British pound strengthens against euro and dollar after inflation dips to Bank of England's target. * UK inflation fell to 2.0% in May, meeting the BoE's target for the first time in nearly three years. * This news sparked a modest rally in the pound, with GBP/EUR rising to €1.1860 and GBP/USD reaching $1.2727. * However, services inflation remains high, prompting speculation that the BoE may hold off on interest rate cuts despite falling headline inflation. * Market expectations for an August rate cut have softened to around 36%, down from 55% before the inflation data. * The Bank of England is expected to maintain interest rates at its meeting on Thursday. Future movement of GBP likely hinges on upcoming UK data: * Wednesday's release of June CPI data could further weaken the pound if it confirms expectations of persistently high services inflation. * The BoE's monetary policy decision on Thursday is also a key event, with limited forward guidance potentially disappointing GBP investors. Euro subdued by lackluster German economic data: * The euro showed little reaction to Germany's latest Zew economic sentiment index, which missed forecasts. Overall, the outlook for GBP remains uncertain. While lower headline inflation provided a temporary boost, concerns about sticky services inflation and the BoE's monetary policy stance could weigh on the pound in the coming days.
Long
by signalmastermind