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Euro / British Pound

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EURGBP trade ideas

Closing the Gap on EUR/GBPIn this trading setup, I aim to capitalize on the potential for closing the price gap on the EUR/GBP pair by using key pivot points and support/resistance levels. Here's the plan: Buy Limit at Pivot Point (PP): Entry: Buy at the Pivot Point (PP). Take Profit: 0.84630 Take Profit 2: 0.84890 This trade aims to capture the bounce off the PP and the move up to R1. Buy Limit at Support 1 (S1): Entry: Buy at Support 1 (S1). Take Profit 1: 0.84380 (Pivot) This trade aims to capture a deeper retracement to S1, expecting a reversal up to PP. Sell Limit at Resistance 2 (R2): Entry:0.84890 (R2). Take Profit: 0.84630 (R1) This trade anticipates a rejection from R2, capitalizing on a potential downward move from this resistance level. This strategy leverages key technical levels to position for potential market movements, aiming to close the price gap and capture gains from both upward and downward price actions.
by DennisDims
EURGBP to find sellers at market?EURGBP - 24h expiry The primary trend remains bearish. The sequence for trading is lower lows and highs. Risk/Reward would be poor to call a sell from current levels. Preferred trade is to sell into rallies. Bespoke resistance is located at 0.8455. We look to Sell at 0.8455 (stop at 0.8473) Our profit targets will be 0.8410 and 0.8400 Resistance: 0.8455 / 0.8470 / 0.8485 Support: 0.8425 / 0.8410 / 0.8395 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
Forextraplaces - the week ahead - EUR/GBPIt's a well know market phenomenon that gaps in the market are inevitably always filled. The market hates gaps. No-one seems to know why but its simply a fact. When the markets opened last Sunday (UK time) EUR gapped open across many pairs. EUR/USD 25 pip gap - filled. EUR/JPY 28 pip gap - filled. EUR/CAD 26 pip gap - filled EUR/CHF - no gap EUR/AUD 37 pip NOT filled. EUR/NZD 42 pip gap NOT filled. These last 2 trading pairs have been in a steep decline since the end of April and show no signs of reversing so the gaps in these markets may not bve filled for some time but EUR/GBP is the pair to look at. I expected this gap to have been filled last week particulalrly as GBP was largely BEARISH but this did not happen. I expect that this gap WILL be filled this week. Key is .8842. If we see the price of EUR/GBP break .8842 (where I have a SELL STOP) , I expect the price to close the gap and then reverse sharply. This will need to be done before Friday as the EURO PMI numbers will most likely set the direction of the EUR and these are due on Friday. So look to get LONG on this pair and see if the gap is filled but be mindful that the overall picture for is pair is BEARISH.
Short
by forextraplaces
Trading Signal for EUR/GBP - Direction: BuyWe are issuing a trading signal for the EUR/GBP currency pair based on our analysis using the EASY Quantum Ai strategy. Signal Details: Enter Price: 0.84332 Take Profit: 0.84502 Stop Loss: 0.84068 Justification for Buy Signal: Our EASY Quantum Ai strategy has identified multiple factors suggesting a bullish trend for the EUR/GBP pair. 1. Technical Indicators: - Moving Averages: The short-term moving average has crossed above the long-term moving average, indicating a strong buy signal. - Relative Strength Index (RSI): The RSI is currently in the neutral zone but trending upwards, suggesting increased buying pressure without reaching overbought territory. - Support and Resistance Levels: The current enter price of 0.84332 has bounced off a strong support level, adding to the bullish sentiment. 2. Economic Factors: - Eurozone Economic Data: Recent economic data from the Eurozone has shown a surprising growth in key sectors, enhancing the demand for the Euro. - Brexit Uncertainty: Continued uncertainty surrounding Brexit negotiations has weighed on the Pound, making the Euro more attractive. 3. Market Sentiment: - Institutional Buying: There has been an uptick in institutional buying activities in the EUR/GBP market, signifying confidence in the pair's upward potential. This comprehensive analysis, validated by our EASY Quantum Ai strategy, leads us to recommend a buy position at the enter price of 0.84332. The take profit level is set at 0.84502, and the stop loss is positioned at 0.84068 to prudently manage risk. Happy Trading!
Long
by ForexRobotEasy
EURGBP Will Go Down From Resistance! Short! Take a look at our analysis for EURGBP. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 0.843. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 0.836 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
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