EURGBP trade ideas
EURGBP possible long for 0.8675 even highereurgbp weekly chart formed double bottom. eurgbp retraced back to 0.8356 and hold the previous HL (higher low)0.8317, weekly key reversal bar formed , made a new low closed on the high. indication for long for coming days and weeks. stop loss below 0.8317, target 0.8675.
EURGBP Potentially BullishHi there,
EURGBP appears bullish on the M30 timeframe but remains within a broad bearish range. The 0.84124 low seems to reinforce the 0.84077 support zone within this bearish context.
Price targets are set at 0.84344 and 0.84468, with a bias toward 0.84566.
Happy Trading,
K.
Not trading advice.
EURGBP forex rallying as expected off weekly demand levelWeekly uptrend. Weekly demand imbalance at 0.83 is still in control and trying to play out as expected. Any swing long positions should be managed. I hope you could take advantage of long positions using the smaller timeframes for those intraday and short-term forex traders.
EURGBP Technical & Order Flow AnalysisOur analysis is based on a multi-timeframe top-down approach and fundamental analysis.
Based on our assessment, the price is expected to return to the monthly level.
DISCLAIMER: This analysis may change at any time without notice and is solely intended to assist traders in making independent investment decisions. Please note that this is a prediction, and I have no obligation to act on it, nor should you.
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EURGBP Hits SupportEURGBP Hits Support
EUR/GBP declined steadily below the 0.8440 and 0.8430 support levels.
Important Takeaways for EUR/GBP Analysis Today
- EUR/GBP is trading in a bearish zone below the 0.8450 pivot level.
- There is a connecting bullish trend line forming with support at 0.8415 on the hourly chart at FXOpen.
EUR/GBP Technical Analysis
On the hourly chart of EUR/GBP at FXOpen, the pair started a fresh decline from well above 0.8460. The Euro traded below the 0.8440 and 0.8430 support levels against the British Pound.
The EUR/GBP chart suggests that the pair even declined below the 0.8420 level and tested 0.8415. It is now consolidating losses and trading below the 50-hour simple moving average. However, there is a connecting bullish trend line forming with support at 0.8415.
The pair is now facing resistance near the 50% Fib retracement level of the downward move from the 0.8442 swing high to the 0.8416 low at 0.8430.
The next major resistance could be 0.8440. The main resistance is near the 0.8450 zone. It coincides with the 1.236 Fib extension level of the downward move from the 0.8442 swing high to the 0.8416 low.
A close above the 0.8450 level might accelerate gains. In the stated case, the bulls may perhaps aim for a test of 0.8480. Any more gains might send the pair toward the 0.8500 level.
Immediate support sits near 0.8415. The next major support is near 0.8405. A downside break below the 0.8405 support might call for more downsides. In the stated case, the pair could drop toward the 0.8380 support level.
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EUR/GBP - A symmetrical triangle breakout to the downside
On the 30 minute chart we observe a symmetrical triangle that broke out on the downside on high volume. The price objective for a triangle is the distance of the widest 2 points of the triangle, projected in the direction from the breakout point.
On the chart we can see that the price objective is about 34 pips. A trade is placed near the breakout point, projected around 34 pips downward. I placed this trade before the breakout occurred, with my reasoning being this symmetrical triangle will breakout in continuation of the current trend which is downward. I did not expect the breakout to occur on the upside.
The price objective hasn't be met yet, which gives me reason to stay in the current trade until it has, or until new technical patterns arise.
EURGBPKey resistance levels on the chart:
– 0.8715
– 0.8800
Price is currently in a sideways range after a long downtrend, showing signs of stabilization above a previous support zone
Trading idea: watch how price reacts to 0.8620
A breakout and close above it signals a move toward 0.8715
Rejection could lead to a retest of the recent low near 0.8350
EURGBP Just a few minutes ago, the AUDUSD trade I shared closed in profit — now it's time to look at the next opportunity. One of those is a sell setup on the EURGBP pair.
🔍 Trade Details
✔️ Timeframe: 15-Minute
✔️ Risk-to-Reward Ratio: 1:2
✔️ Trade Direction: Sell
✔️ Entry Price: 0.84149
✔️ Take Profit: 0.84106
✔️ Stop Loss: 0.84170
🔔 Disclaimer: This is not financial advice. I’m simply sharing a trade I’ve taken based on my personal trading system, strictly for educational and illustrative purposes.
📌 Interested in a systematic, data-driven trading approach?
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ECB Rate Cut Expected – Implications for EUR TradingThe European Central Bank (ECB) is widely expected to cut interest rates by 25 basis points today, bringing the deposit rate from 2.25% to 2.00%. This marks the first rate cut since 2019 and is a clear signal that the ECB is shifting from its aggressive inflation-fighting stance toward more growth-supportive policy.
Why It Matters for EUR Traders:
Rate Cut = EUR Bearish (Generally)
Lower interest rates typically reduce the appeal of a currency. A cut to 2.00% narrows the rate differential between the eurozone and other central banks like the Federal Reserve, which is currently holding rates steady above 5%. This can pressure the euro lower against major counterparts like USD and GBP.
Market Already Priced In – Limited Downside?
The market has largely priced in today's rate cut, so the forward guidance and tone of the press conference will be more crucial than the rate move itself. If President Christine Lagarde signals a slower path of further cuts, that could support the EUR by dampening expectations of rapid easing.
Divergence with Fed & BoE
The ECB is easing while the Federal Reserve and Bank of England remain cautious. This divergence in policy paths may weigh on EUR/USD and EUR/GBP, especially if U.S. labor data or UK inflation surprises to the upside.
Inflation Still Sticky in Services
Despite headline inflation falling, services inflation remains elevated, making some ECB policymakers hesitant about further cuts. If the ECB stresses this concern today, EUR could see short-term strength as traders scale back aggressive easing bets.
Eurozone Growth Concerns
Slowing economic activity, particularly in Germany and Italy, supports the case for easing. However, if the ECB cuts but sounds cautious about future moves, EUR/USD may stabilize or rebound as dovish expectations are re-evaluated.
EUR Trading Scenarios
Dovish Cut (explicit talk of more cuts) → EUR likely weaker vs USD, GBP, and CHF.
Cautious/Done-for-now Tone → EUR could stabilize or strengthen, especially if market was positioned for more aggressive easing.
Surprise Hold (unlikely) → EUR likely spikes up sharply.
EUR/GBP BULLS WILL DOMINATE THE MARKET|LONG
EUR/GBP SIGNAL
Trade Direction: long
Entry Level: 0.837
Target Level: 0.843
Stop Loss: 0.832
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 9h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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The Day Ahead Economic Data Releases
United States
April trade deficit widened.
Initial jobless claims due today.
ISM Manufacturing PMI for May remains below 50, indicating contraction.
China
Caixin Services PMI (May): 51.1 (up from 50.7).
Composite PMI fell to 49.6, showing overall contraction.
Japan
May Manufacturing PMI: 49.4 (up from 48.7), slower contraction.
Germany
April factory orders and May construction PMI due today.
Italy
April retail sales due.
Eurozone
April Producer Price Index (PPI) due.
Canada
April international merchandise trade data due.
Sweden
May Consumer Price Index (CPI) due.
Central Banks
Federal Reserve: Speeches by Kugler and Harker.
European Central Bank: Interest rate decision expected today.
Bank of England: Greene and Breeden to speak; DMP (Decision Maker Panel) survey release.
Earnings
Broadcom (AVGO): Shares recently up 1.67%.
Lululemon (LULU): Shares recently up 0.11%.
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.
EURGBP 4H Short Setup 📘 Educational Caption for Your Trading Chat
🟥 EURGBP 4H Short Setup (Smart Money Strategy)
I'm in a short position on EURGBP from the 0.84342 level after a strong mitigation of the Order Block (O-B) and a bearish reaction, indicating possible distribution.
📉 Entry: 0.84342
🎯 Target: 0.83564
🛡️ Stop Loss: 0.84583
⚖️ Risk-Reward: ~1:3 — favorable setup with high reward potential
This setup reflects Smart Money Concepts (SMC) — price tapped into a previously defined supply zone (O-B), rejected, and is now showing signs of downward momentum. We also have clear structural confluence with previous BOS and liquidity buildup.
🔔 Note: Patience is essential. Stick to your plan and manage the trade with discipline as price develops.
⚠️ Disclaimer: This trade is shared for educational purposes only. Do your own analysis and use proper risk management. Not financial advice.
THE FLEX SETUP (EURGBP)Good day traders, I'm back with another setup and it’s only an update that I believe can really provide insight into what to expect from price in the upcoming weeks.
Like I always say that I always want to see price take out a previous week high/low as I use that as a confirmation in term of the power of 3 that I use to try and avoid manipulation, but this doesn't mean I don't get on the wrong side of price moves. Looking at the HTF's overall structure we can see that we in a very bullish structure but... There's a bearish flow in price!! On the weekly TF price left a large FVG(BISI), showing how strong the bullish structure is and now that price is trading on top of this BISI I'm mentioning. If we go one TF lower to the daily TF than on the daily the weekly BISI is a balanced price range and normally how I look at Gaps after been balanced, I treat them like classic support/resistance, but they have to confluence with another PD array first than for me the rules of 'support/resistance' come into play. If you look close into the daily TF, we have relative equal highs inside the volume imbalance created on the 12th of May.
Let's look at how price delivered since opening with a gap lower on the 12th, on that same day price repriced that gap but did not close above it. Why do we want it to close above it? Well ICT teaches more on volume imbalances and the rules or pros and cons. If price closes above the volume imbalance than it becomes balanced once price retests the closure above/below obviously depending on the gap opening. On the 4HTF we saw price shift structure higher and the first thing I see is the candle that had a broken lower high because it also became our breaker. And a FVG inside it making that zone stronger again we can use all the PD arrays together.
EURGBP Is Very Bullish! Buy!
Take a look at our analysis for EURGBP.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 0.841.
Taking into consideration the structure & trend analysis, I believe that the market will reach 0.852 level soon.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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