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EURGBP trade ideas

EURGBP Breaking Resistance: Turning Challenges into OpportunityThe forex pair EURGBP is currently trading at 0.83300, with a target price set at 0.84500. This suggests a potential upward movement of over 100 pips. The analysis is based on the support and resistance pattern, a widely used technical analysis method. The main resistance level appears to be breaking, indicating bullish momentum. A breakout above the resistance often signifies increased buying pressure and potential for further price increases. Traders might consider this breakout a signal to enter long positions. However, the accuracy of this setup depends on the strength of the breakout and market conditions. It’s essential to monitor for false breakouts, which can lead to reversals. Risk management strategies, such as stop-loss orders, should be in place. Overall, this setup suggests a favorable risk-to-reward ratio for a bullish trade.
Long
by AndrewsMarket-Mastery
EURGBP intraday rallies to continue attract sellers?EURGBP - 24h expiry The primary trend remains bearish. Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end. There is no clear indication that the downward move is coming to an end. The bearish engulfing candle on the 4 hour chart is negative for sentiment. 50 1day EMA is at 0.8310. We look to Sell at 0.8309 (stop at 0.8329) Our profit targets will be 0.8259 and 0.8249 Resistance: 0.8300 / 0.8315 / 0.8328 Support: 0.8285 / 0.8263 / 0.8250 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
ANALYSIS OF EURGBP TRENDS WITH DOWN The chart represents the EUR/GBP currency pair on the 4-hour timeframe using Heikin Ashi candles. Here’s the analysis: Observations: 1. Resistance Zone: A strong resistance level is marked around 0.8327, indicating repeated price rejection at this zone (highlighted by orange circles). 2. Support Levels: Two prominent blue lines represent key support levels: First Support: 0.8260 Second Support: 0.8223 (Diamond Zone), which is the significant area of interest. 3. Diamond Pattern: A "diamond zone" is identified as a potential key breakout/breakdown area. This structure often indicates an upcoming price move. 4. Trendlines: A yellow trendline shows the recent downward momentum. The price action suggests the possibility of lower highs and lower lows, implying bearish sentiment. 5. Projected Movement: Blue arrows indicate a bearish outlook: The first downward move targets the first support level. If breached, the price may head toward the diamond zone (second support level). Conclusion: Bearish Bias: The chart suggests EUR/GBP may continue its bearish movement, especially if the resistance at 0.8327 holds strong. Trading Strategy: Entry: Look for confirmations (e.g., rejection candles or strong bearish momentum) near resistance for potential short positions. Targets: TP1: 0.8260 TP2: 0.8223 (diamond zone) Stop Loss: Place it above 0.8330 to protect against invalidation of the bearish setup. Monitor price action at key levels for confirmation.
Short
by Forex_Vip_Signals
EUR/GBP Starts ConsolidationEUR/GBP Starts Consolidation EUR/GBP is consolidating and might aim for a fresh increase above 0.8320. Important Takeaways for EUR/GBP Analysis Today - EUR/GBP is trading in a bearish zone below the 0.8330 pivot level. - There is a short-term contracting triangle forming with resistance near 0.8305 on the hourly chart at FXOpen. EUR/GBP Technical Analysis On the hourly chart of EUR/GBP at FXOpen, the pair started a consolidation phase after it failed to surpass 0.8330. The Euro traded below the 0.8320 and 0.8300 support levels against the British Pound. The EUR/GBP chart suggests that the pair even declined below the 50% Fib retracement level of the upward move from the 0.8275 swing low to the 0.8317 high. It is now consolidating losses and trading below the 50-hour simple moving average. The pair is now facing resistance near the 0.8305 level. There is also a short-term contracting triangle forming with resistance near 0.8305. The next major resistance could be 0.8320. The main resistance is near the 0.8330 zone. A close above the 0.8330 level might accelerate gains. In the stated case, the bulls may perhaps aim for a test of 0.8380. Any more gains might send the pair toward the 0.8400 level. Immediate support sits near 0.8290. The next major support is near 0.8285 or the 76.4% Fib retracement level of the upward move from the 0.8275 swing low to the 0.8317 high. A downside break below the 0.8285 support might call for more downsides. In the stated case, the pair could drop toward the 0.8265 support level. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
1
EUR/GBP: Bearish Bias as UK Growth Outpaces Eurozone RecoveryAs of January 2, 2025, 12:52 PM, I maintain a bearish short-term bias for EUR/GBP. This outlook is based on a detailed analysis of fundamental, macroeconomic, and political factors driving divergence between the Eurozone and UK economies. Here’s why I believe EUR/GBP has more room to fall: Fundamental Analysis 1. Monetary Policy Divergence: • ECB (European Central Bank): • On December 14, 2024, the ECB cut interest rates by 25 basis points, reducing the deposit rate to 3.0%. This dovish stance reflects concerns about weak demand and sluggish growth, particularly in Germany and France. • Source: ECB Press Release, December 14, 2024. • BoE (Bank of England): • The BoE held its rate at 5.25% during its meeting on December 20, 2024, citing persistent inflationary pressures and a need for restrictive policy. This hawkish stance supports GBP strength. • Source: Bank of England Summary, December 20, 2024. 2. Economic Growth: • Eurozone: • Germany entered a technical recession in Q4 2024, while France and Italy reported weak industrial output. The Eurozone’s 2024 GDP growth is estimated at 0.7%, well below expectations. • Source: Reuters, December 30, 2024. • United Kingdom: • The UK economy grew by 1.1% in 2024, with strong consumer spending and resilient labor market data (unemployment at 3.9%) boosting investor confidence in GBP. • Source: Office for National Statistics, December 29, 2024. 3. Inflation Trends: • Eurozone: • Inflation fell to 2.1% in December 2024, nearing the ECB’s target and supporting its dovish policy stance. • Source: ECB Inflation Report, December 2024. • United Kingdom: • Inflation remains higher at 4.2%, keeping pressure on the BoE to maintain its restrictive policy stance. • Source: Bank of England Summary, December 2024. 4. Political Dynamics: • Eurozone: • Ongoing political instability in France (strikes) and Italy (debt concerns) further dampens confidence in the euro. • Source: Reuters, December 28, 2024. • United Kingdom: • Relative political stability and improved post-Brexit trade relations with the EU have bolstered GBP sentiment. • Source: The Times, December 29, 2024. 5. Risk Sentiment: • The euro remains under pressure from safe-haven flows into USD and CHF, while the GBP benefits from improved investor confidence driven by a stronger macroeconomic outlook. Conclusion The bearish case for EUR/GBP is supported by: 1. Monetary Policy Divergence: ECB’s dovish cuts vs. BoE’s hawkish stance. 2. Economic Performance: The UK outperforms the Eurozone in GDP growth and inflation control. 3. Political Stability: UK stability contrasts with Eurozone uncertainties.
Short
by GreenhillFin