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EURGBP trade ideas

EURGBP awaits BoE rate decisionThe EURGBP remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend. Support Zone: 0.8640 – a key level from previous consolidation. Price is currently testing or approaching this level. A bullish rebound from 0.8640 would confirm ongoing upside momentum, with potential targets at: 0.8740 – initial resistance 0.8760 – psychological and structural level 0.8785 – extended resistance on the longer-term chart Bearish Scenario: A confirmed break and daily close below 0.8640 would weaken the bullish outlook and suggest deeper downside risk toward: 0.8613 – minor support 0.8576 – stronger support and potential demand zone Outlook: Bullish bias remains intact while the EURGBP holds above 0.8640 A sustained break below this level could shift momentum to the downside in the short term. 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
EURGBP The BOE has likely cut interest rates more aggressively than warranted, with inflation still running hot according to the latest reports. This sets up a fundamentally bullish case for EUR/GBP. From a technical standpoint, using my Orderflow Boxing Method, EUR/GBP is now showing bullish structure on the 4H chart. I've identified two Points of Interest (POIs) — both 4H Fair Value Gaps (FVGs). The first 4H FVG has already been tapped and has also led to the formation of a 15M FVG, adding confluence. I entered my first long position using the 5M chart, triggered by a bullish signal on the Target Trend Indicator by @BigBeluga. Let’s see how this setup plays out. If it doesn’t hold, I’ll be watching for price to move deeper into the discount zone of the second 4H FVG to look for another long opportunity.
Long
by PandP_Scalping
EURGBP important support at 0.8640The EURGBP remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend. Support Zone: 0.8640 – a key level from previous consolidation. Price is currently testing or approaching this level. A bullish rebound from 0.8640 would confirm ongoing upside momentum, with potential targets at: 0.8740 – initial resistance 0.8760 – psychological and structural level 0.8785 – extended resistance on the longer-term chart Bearish Scenario: A confirmed break and daily close below 0.8640 would weaken the bullish outlook and suggest deeper downside risk toward: 0.8613 – minor support 0.8576 – stronger support and potential demand zone Outlook: Bullish bias remains intact while the EURGBP holds above 0.8640 A sustained break below this level could shift momentum to the downside in the short term. 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
EUR/GBP Thief Trade: Swipe Profits Before Overbought Trap!🦹‍♂️ EUR/GBP "THE CHUNNEL HEIST" – BULLISH LOOT IN PROGRESS! 🚨💰 (Thief Trading Strategy – Escape Before the Cops Arrive!) 🎯 DEAR MARKET PIRATES & PROFIT SNATCHERS, Based on our 🔥Thief Trading Style Analysis🔥, we’re executing a bullish heist on EUR/GBP ("The Chunnel"). The vault is wide open—time to swipe the loot before the high-risk resistance police barricade (aka overbought trap) shuts us down! 📜 THE MASTER PLAN: ✔ Entry (📈): "The Bullish Vault is Unlocked!" Buy Limit Orders (15-30min TF) near recent swing lows/highs. Thief’s DCA Trick: Layer entries like a pro robber—multiple limit orders for max loot. ✔ Stop Loss (🛑): "Hide Your Stash Wisely!" SL at nearest 4H candle wick (0.86500)—adjust based on your risk appetite & lot size. Remember: A good thief always has an escape route! ✔ Target (🎯): 0.88500 (or escape earlier if the cops get suspicious!) 🔎 SCALPERS & SWING BANDITS – LISTEN UP! Scalpers: Stick to LONG-ONLY heists! Use trailing SL to protect profits. Swing Thieves: If you’re low on cash, join the slow robbery—DCA & hold! 📡 WHY THIS HEIST IS HOT: Bullish momentum in play (but BEWARE of overbought traps!). Fundamental Drivers: Check COT Reports, Macro Data, & Sentiment. 🚨 TRADING ALERT: NEWS = POLICE RAID RISK! Avoid new trades during high-impact news. Trailing SL = Your Getaway Car! Lock profits before volatility strikes. 💥 BOOST THIS HEIST – STRENGTHEN THE GANG! 👉 Smash the LIKE & BOOST button to fuel our next market robbery! 👉 Follow for more heists—profit awaits! 🚀💰 🦹‍♂️ Stay Sharp, Stay Ruthless… See You on the Next Heist!
Long
by The-Thief
The Day AheadKey Data Releases: US: Q2 GDP – Crucial insight into US economic momentum. July ADP Employment – A labor market pulse-check ahead of Friday's payrolls. June Pending Home Sales – Gauges housing market resilience. Europe: Germany, France, Italy, Eurozone Q2 GDP – A comprehensive picture of Eurozone growth trajectory. June Retail Sales (Germany), Consumer Spending (France), Wages and Industrial Sales (Italy) – Offer inflation and demand signals. Eurozone July Economic Confidence – Reflects business and consumer sentiment. Australia: June CPI – May influence RBA policy expectations. Central Bank Decisions: Federal Reserve: Widely anticipated decision following disinflationary signals and resilient growth. Bank of Canada: Eyes on dovish shift as domestic momentum cools. Major Earnings: Tech Titans: Microsoft, Meta, Qualcomm, ARM – Key drivers of market sentiment, especially AI and cloud-related narratives. Luxury & Autos: Hermes, Porsche, Mercedes-Benz – Demand indicators from high-end consumers. Banks & Financials: HSBC, UBS, Intesa Sanpaolo, Robinhood – Update on global credit and trading conditions. Industrials & Energy: Airbus, Lam Research, Rio Tinto, Vinci, BAE – Supply chain and CapEx insights. Consumer & Retail: Ford, adidas, Hershey, Kraft Heinz, Etsy, Just Eat – Demand resilience and margin pressures. US Treasury: Quarterly Refunding Announcement – Market-sensitive update on bond issuance plans, with implications for yields and risk sentiment. Conclusion: This is a pivotal day for markets, combining top-tier macroeconomic data, central bank rate decisions, and heavyweight earnings. The Fed’s stance will likely steer risk appetite, while GDP prints across the US and Europe will refine global growth expectations. Meanwhile, earnings from major tech and consumer names will test the strength of market leadership. Volatility is likely to rise, with traders balancing soft-landing hopes against persistent inflation risks and policy uncertainty. 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
EUR/GBP Technical Analysis – Range-Bound Structure EUR/GBP Technical Analysis – Range-Bound Structure with Potential Rebound The pair is currently trading within a well-defined horizontal channel between: Support Zone: 0.86400 – 0.86200 Resistance Zone: 0.87800 – 0.87600 Price is currently near the mid-level (0.86756), showing consolidation after a rejection from resistance. Supertrend Indicator: The Supertrend (10,3) is currently bearish (red line above the price), indicating short-term downward pressure. Price recently broke below the Supertrend line near the highs, suggesting a correction is underway. Volume Profile (Left Side): Significant volume has been transacted around the current market range (Point of Control). This indicates strong interest and fair value, often leading to sideways movement before the next breakout. Bull Wick Highlight (Mid-July): Indicates buying pressure from lower levels, acting as historical demand near 0.86400. 🔄 Price Projection & Scenario Planning: ✅ Scenario A: Bullish Rejection from Support If price retests the support zone (0.86400 – 0.86200) and forms a bullish rejection (e.g., pin bar or engulfing), a bounce is likely. Target: Resistance zone 0.87600 – 0.87800 Confirmation: Bullish candle + break of 0.86900 resistance. ❌ Scenario B: Bearish Breakout Below Support A break and close below 0.86200 may trigger a deeper correction. Next possible downside target: 0.85800 Volume drop and strong red candles would support this. 🔧 Technical Summary: Indicator Status Structure Sideways / Range-bound Supertrend Bearish (Short-term) Support Zone 0.86200 – 0.86400 Resistance Zone 0.87600 – 0.87800 Bias Neutral-to-Bullish (above support) 🧠 Educational Note: This chart is a great example of range trading—where traders look to buy near support and sell near resistance, especially when there is no strong trend. Patience and confirmation signals (like wick rejections or volume spikes) are key in such setups.
Long
by Mentor_Michael03
EURGBP Bullish Reversal Setup from Demand Zone (MMC Strategy)📊 Detailed Technical Analysis: The EURGBP pair on the 2-hour chart is currently at a critical technical juncture, showing signs of a potential bullish reversal. This analysis follows Market Maker Concepts (MMC), which combines liquidity engineering, smart money movements, and structure shifts. Let’s break it down: 🔄 1. Consolidation Phase – Accumulation in Action (Smart Money Footprint) Between July 15 to 24, the price moved within a tight range — classic consolidation behavior. This phase suggests accumulation by institutional players, quietly building long positions while trapping retail shorts and longs. This kind of sideways structure typically precedes a high-volume breakout, which happened right after. 📌 Lesson: Consolidation is often the calm before the storm — prepare for a breakout when this phase completes. 🚀 2. Breakout with QFL Pattern – Aggressive Bullish Shift The price broke above the consolidation range and surged strongly. This breakout followed a classic QFL (Quick Flip Level) structure — where price forms a base, drops temporarily, and then explodes upward. The area of breakout aligns with a “2x Supply” zone — meaning this zone acted as a magnet for stop orders, and once breached, added more fuel to the rally. 📌 Why QFL Matters: It marks a shift in market sentiment — from balanced to strongly biased, in this case toward bulls. 📉 3. Pullback Phase – Structural Correction Begins After reaching a high near 0.87500 (major resistance), price began to pull back sharply. It formed a minor descending flag/channel, a classic corrective pattern, often a pause before resuming the larger trend. A descending trendline has been drawn to capture this pullback structure. 📌 Important: Pullbacks are healthy — they allow for re-entries and provide better R:R setups. 📍 4. Reversal Zone – Key Demand Revisited Price now sits within a Reversal Zone (Demand Area), marked in green on the chart. This level previously served as the base for the breakout and aligns with institutional buying interest. The area acts as a high-probability buy zone, supported by: Trendline support Price rejecting lower levels Historical reaction at this zone 📌 Why It’s Crucial: If price respects this demand zone, it confirms bullish intent and creates a low-risk buying opportunity. ✅ 5. 2nd Confirmation – Price Action Support The chart marks a "2nd Confirmation" label at a slightly lower level — this is a final support level, a safety net. If price dips and bounces here again, it confirms buyer strength. Strong price reaction at this level would validate a trend continuation setup back toward highs. 💹 6. Positive Pattern – Early Reversal Signs Inside the demand zone, a bullish structure is forming. This could be an inverted head & shoulders, or a double bottom pattern. These patterns often act as launch pads for upward moves, especially when combined with institutional demand. 📌 MMC Insight: Market Makers engineer dips to induce panic, only to reverse aggressively once liquidity is absorbed. 🎯 Trade Plan Based on the Analysis: Buy Zone: Between 0.86450 – 0.86700 (Reversal Zone) Stop-Loss: Below 0.86250 (beneath 2nd confirmation) Take Profits: 🎯 TP1: 0.86900 (Minor resistance) 🎯 TP2: 0.87500 (Major swing high) Risk-to-Reward: 1:2 or higher depending on entry timing 🧠 MMC Strategy Summary for Minds: This EURGBP 2H chart is a textbook example of MMC-based trading. We saw: Institutional accumulation (consolidation phase) QFL breakout (confirmation of bullish intent) Return to demand (market maker’s discount area) Early bullish signals (positive price action patterns) Multiple confluences at the Reversal Zone (trendline, demand, confirmation zone) Such a combination offers a high-probability swing trade setup. Patient traders can wait for the structure to break upward and join the trend with tight risk and clear targets.
by GoldMasterTrades
EURGBP Is Rising Further After UK Retail Sales missed estimatesEURGBP Is Rising Further After UK Retail Sales missed estimates EURGBP already broke out from an Ascending Triangle pattern after it spent some time in accumulation and without direction the price is rising today. This is the third and clear bullish pattern that EURGBP broke out and the chances to rise one more time are high. K retail sales is supporting this bullish movement because they failed to meet expectations. Overall, the data was higher compared to the last month, but the fact that it missed expectations suggests that the UK economy is growing in small steps. 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 Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by KlejdiCuni
10
Simple EURGBP Analysis (MMC) – Bullish Continuation or Reversal?🕵️‍♂️ Chart Overview – 30-Min Timeframe (OANDA) This EURGBP chart illustrates a classic bullish continuation structure following a volume absorption phase and pennant formation, leading into a vertical price expansion toward a potential reversal zone. The technical flow demonstrates smart money accumulation and re-accumulation before a sharp bullish leg. 🔷 Phase 1: Bullish Accumulation via Pennant Formation The chart begins with a tight consolidation structure marked as a pennant, typically a continuation pattern. This area coincides with “Previous 2x Demand”, hinting at a strong institutional buying interest. The Volume Absorption label suggests that sell-side liquidity was efficiently absorbed—often a precursor to bullish breakouts. 📈 Phase 2: Breakout & Price Expansion Price breaks out of the pennant aggressively, validating the absorption theory. The post-breakout rally continues with minimal retracement, showcasing impulsive bullish momentum. The QFL (Quasimodo Failure Level) is also marked—this serves as a structural footprint left by trapped sellers. 🟩 Next Levels to Watch: Reversal or Re-Entry Zones As the price approaches the green "Next Reversal Zone" (0.87650–0.87700), watch for potential exhaustion or a reaction. The Central Zone of 2x Demand (just below 0.87500) could act as a re-entry level for continuation long setups. Anticipated short-term correction before continuation, as depicted by the projected path. 🧠 Strategic Insight & Trade Planning Aggressive Bulls: May target breakout pullbacks near the Central Zone of Demand for intraday continuation. Conservative Traders: Should wait for a clean reaction from the green Reversal Zone. If rejection is confirmed, short opportunities with tight stops become favorable. Watch the price behavior around 0.87300–0.87500—this will likely dictate whether continuation or correction prevails.
Long
by GoldMasterTrades
Euro-pound retests April’s highsThe ECB’s relative hawkishness or at least lower dovishness on 24 July seems to have boosted the euro significantly, with euro-pound in particular continuing its uptrend. Here though the generally weaker recent sentiment on British growth and disappointing retail data added fuel to EURGBP’s gains. There’s also some likelihood that the EU will secure a trade deal with the USA in the next few days before the deadline for new tariffs of 1 August. 87p on 24 July was euro-pound’s highest daily close since December 2023 and gains continued intraday the following day with a clear push above the 23.6% monthly Fibonacci retracement. The overall trend since March is upward and these two days might suggest that the latest phase of it isn’t close to exhaustion yet; on the contrary, momentum has increased in recent sessions. However, volume has been significantly lower since late April and now a seasonal further drop might be possible. The slow stochastic signals overbought and ATR hasn’t risen significantly in recent days. The 20 SMA might be an important dynamic support in the near future, but first it’d be possible to see the 23.6% Fibo flipping to support from resistance previously. Traders are looking ahead to the eurozone’s flash GDP for Q2 on 30 July and inflation on 1 August although the latter might be overshadowed by the NFP the same day. This is my personal opinion, not the opinion of Exness. This is not a recommendation to trade.
by Michael_Stark_Exness