PMI Divergence & ECB Rate Decision Looms:0.84 Key Level in PlayEURGBP 04/06 – PMI Divergence & ECB Rate Decision Looms: 0.84 Key Level in Play
EUR/GBP is hovering around the 0.8420 mark after mixed PMI releases from the Eurozone and Germany. Traders are cautiously awaiting the ECB’s interest rate decision this Thursday, while the Bank of England signals potential easing — but remains non-committal on timing.
🌍 MACRO OUTLOOK
Eurozone & German PMI:
Eurozone Composite PMI eased to 50.2, still above forecasts (49.5) but reflecting slowing momentum.
German Composite dropped to 48.5; Services fell further to 47.1 — signaling contraction risk in Europe’s largest economy.
ECB Dovish Expectations:
Core inflation fell to 1.9% YoY in May — below the 2% ECB target for the first time in eight months.
Markets are fully pricing in a 25bps rate cut this week.
BoE Shifts Cautiously Dovish:
Governor Andrew Bailey acknowledged that monetary easing is likely, but warned of "uncertainty ahead."
The MPC is split — some fear sticky inflation; others warn that rates staying too high too long may damage growth.
Market Sentiment:
EUR remains pressured by ECB dovish expectations.
GBP is also under pressure from weak UK macro indicators and global trade tensions.
📉 TECHNICAL OUTLOOK (H1 Chart)
Price is consolidating near the EMA200 (0.8409) — a crucial dynamic support.
A tight sideways range has formed; 0.8408 is a key horizontal level to watch for breakout/breakdown confirmation.
Break below 0.8408 could send price toward Fibo 1.618 at 0.8383 or psychological support at 0.8373.
If bulls defend 0.8408, we may see a bounce toward 0.8429 → 0.8449 resistance zone.
🔑 KEY TRADE ZONES
🟢 BUY ZONE: 0.8380 – 0.8373
SL: 0.8358
TP: 0.8400 → 0.8415 → 0.8429 → 0.8435
🔴 SELL ZONE: 0.8448 – 0.8450
SL: 0.8460
TP: 0.8435 → 0.8420 → 0.8408 → 0.8388
⚠️ TRADE STRATEGY
Watch the 0.8408 area closely. If price holds → short-term BUY scalp opportunities.
If it breaks strongly → consider SELL toward lower Fibo/structure levels at 0.838x.
Be cautious around ECB release — avoid trading during the spike. Wait for structure confirmation post-news.
📌 CONCLUSION
"EUR/GBP is entering a critical zone near 0.8400. With ECB and BoE both leaning dovish, expect increased volatility. Hold or break at this key level will likely define the next directional leg. Stay patient and let the market show its hand."
EURGBP trade ideas
EURGBP BUY FORECASTEUR/GBP – Technical Analysis (1H)
🔹 Current Price Zone: 0.8414
🔵 Market Structure & Trend
The market broke structure to the upside recently, forming a Higher High (HH) and Higher Low (HL), suggesting a bullish shift.
Price is currently retesting the previous breakout zone, which aligns with a demand zone (green box).
This area could serve as a bullish continuation entry, particularly if confirmed by bullish candlestick formations (e.g., engulfing or pin bar).
🟩 Demand Zones
Immediate demand zone around 0.8410 – 0.8400 is being tested (green box on your chart).
A deeper demand zone lies around 0.8375 – 0.8355, which aligns with a previous accumulation area.
🟥 Supply Zone / Resistance
Near-term resistance zone between 0.8460 – 0.8480 (red box).
Daily and 4H order blocks or imbalance may exist in this area.
✅ Buy Setup (Bullish Scenario)
Entry: 0.8405 (current demand zone)
Stop Loss: Below 0.8385 (outside demand zone)
Take Profit 1: 0.8460 (local high)
Take Profit 2: 0.8500 (psychological level)
EUR_GBP POTENTIAL LONG|
✅EUR_GBP will be retesting a support level soon at 0.8400
From where I am expecting a bullish reaction
With the price going up but we need
To wait for a reversal pattern to form
Before entering the trade, so that we
Get a higher success probability of the trade
LONG🚀
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Falling Wedge - Bullish Reversal - Bullish DivergenceOANDA:EURGBP has formed and broken out of a falling wedge, which is considered a bullish reversal pattern. Pattern has formed after price found support at the support trend line and broke the lower highs in the retracement!
I am expecting bullish momentum in the coming days!
EUR-GBP Support Ahead! Buy!
Hello,Traders!
EUR-GBP made a pullback
From the horizontal resistance
Above just as we predicted
In our previous analysis
But a local horizontal support
Level is ahead at 0.8398
So after the retest we
Will be expecting a
Bullish rebound and a
Local bullish move up
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
EURGBP My Opinion! SELL!
My dear friends,
EURGBP looks like it will make a good move, and here are the details:
The market is trading on 0.8422 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 0.8405
Recommended Stop Loss - 0.8433
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
———————————
WISH YOU ALL LUCK
What is a Bearish Breakaway and How To Spot One!This Educational Idea consists of:
- What a Bearish Breakaway Candlestick Pattern is
- How its Formed
- Added Confirmations
The example comes to us from EURGBP over the evening hours!
Since I was late to turn it into a Trade Idea, perfect opportunity for a Learning Curve!
Hope you enjoy and find value!
DAILY CLOSE ABOVE D50 EMA - EURGBP LONG FORECAST Q2 W23 D3 Y25
EURGBP LONG FORECAST Q2 W23 D3 Y25
Professional Risk Managers👋
Welcome back to another FRGNT chart update📈
Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure.
Let’s see what price action is telling us today!
💡Here are some trade confluences📝
✅Daily close above Daily 50EMA
✅15' order block
✅Intraday breaks of structure
✅Tokyo ranges to be filled
🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies.
📈The rest, we leave to the balance of probabilities.
💡Fail to plan. Plan to fail.
🏆It has always been that simple.
❤️Good luck with your trading journey, I shall see you at the very top.
🎯Trade consistent, FRGNT X
EURGBPEURGBP price is near the support zone 0.83605-0.83262. If the price cannot break through the 0.83262 level, it is expected that in the short term there is a chance that the price will rebound. Consider buying the red zone.
🔥Trading futures, forex, CFDs and stocks carries a risk of loss.
Please consider carefully whether such trading is suitable for you.
>>GooD Luck 😊
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EUR_GBP SHORT FROM RESISTANCE|
✅EUR_GBP is going up now
But a strong resistance level is ahead around 0.8465
Thus I am expecting a pullback
And a move down towards the target at 0.8425
SHORT🔥
✅Like and subscribe to never miss a new idea!✅
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
EURGBP Wave Analysis – 2 June 2025
- EURGBP broke daily Falling Wedge
- Likely to rise to resistance level 0.8525
EURGBP currency pair recently broke the resistance trendline of the daily Falling Wedge chart pattern from April, which encloses the earlier ABC correction (2).
The breakout of this Falling Wedge continues the active impulse wave (3), which started earlier from the key support level 0.8350.
EURGBP currency pair can be expected to rise to the next resistance level 0.8525 (which reversed the price twice at the start of May).
EUR/GBP at a Tipping Point: Key Demand Zone or Breakdown Ahead?The EUR/GBP cross is currently trading in a key technical area, hovering around 0.8427, showing signs of mild recovery after a bullish reaction from a previously tested demand zone.
📊 Technical Analysis
Price action reveals a compression phase within a descending channel (corrective flag), followed by a breakout to the upside last week. Price reached the supply zone between 0.8480 and 0.8535, which triggered a strong bearish candle rejection.
Currently, the pair is testing support around 0.8400–0.8380, a level previously defended by buyers.
The RSI bounced from oversold territory, suggesting the potential for a consolidation phase or sideways movement, rather than a clear divergence.
📌 Key Levels
Dynamic Resistance: 0.8480 – 0.8535
Structural Support: 0.8380 – 0.8285
Upside breakout target (if momentum builds): 0.8660
📅 Seasonality
Historically, June tends to be slightly bullish for EUR/GBP, especially on the 5-year and 10-year seasonal patterns. Curves indicate upward pressure between the second and third weeks of the month, suggesting that any retracement could present a seasonal long opportunity.
💼 COT Report
Euro FX
Non-Commercials reduced both longs (-1.7K) and shorts (-6.7K) → signaling indecision or rebalancing.
Net positioning remains positive, but momentum is fading.
British Pound
Non-Commercials added significantly to longs (+14.2K) and slightly to shorts (+2.8K) → GBP is attracting bullish interest.
This could reduce upside pressure on EUR/GBP in the short term.
Overall, COT data currently favors the British Pound in the near term.
📈 Retail Sentiment
Retail traders are heavily skewed to the long side (74% long), which may create contrarian downside pressure if the market moves against the crowd. The average entry price is around 0.8481, meaning many traders are currently underwater.
🎯 Conclusion & Bias Outlook
Short-term bias: Neutral to bearish down to 0.8380
Mid-term bias: Moderately bullish if price holds above 0.8380 with higher lows confirmation
Ideal long entry could emerge from a retest of 0.8380 with bullish confirmation (candlestick or RSI support)
Alternatively, a clear H4 close below 0.8380 could open space down to 0.8280
DAILY HOT PICK HTF 50 EMA'S -EURGBP SHORT FORECAST Q2 W23 D2 Y25🔥👀TECHNICAL HOT PICK OF THE DAY
EURGBP SHORT FORECAST Q2 W23 D2 Y25
Professional Risk Managers👋
Welcome back to another FRGNT chart update📈
Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure.
Let’s see what price action is telling us today!
💡Here are some trade confluences📝
✅Weekly order block
✅15' order block
✅HTF 50 EMA'S
✅Tokyo ranges to be filled
🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies.
📈The rest, we leave to the balance of probabilities.
💡Fail to plan. Plan to fail.
🏆It has always been that simple.
❤️Good luck with your trading journey, I shall see you at the very top.
🎯Trade consistent, FRGNT X
EURGBP Weekly Analysis (MMC) – Structure Mapping & Target🧠 Market Structure Overview:
The current EURGBP structure is a textbook example of Market Mapping Cycle (MMC) behavior—where price progresses through accumulation, breakout, manipulation, and eventual rebalancing. The pair has completed a liquidity sweep and is on its final leg toward a defined reversal target zone.
🔹 Phase 1: Accumulation Within Channel
From August to late December 2024, EURGBP traded inside a descending channel.
This move created an illusion of bearish control, but careful observation reveals it was a liquidity engineering setup.
Institutions were accumulating beneath key swing lows, marked by equal lows and multiple false breaks.
The “Previous Channel Structure” identified on the chart is crucial—it acted as a bear trap and formed the base of the MMC curve.
🔹 Phase 2: Break of Structure (BOS) and Smart Money Entry
In early January 2025, the market broke structure with strong bullish candles.
This Major BOS was the first signal of institutional engagement, shifting the structure from distribution to accumulation phase.
After the BOS, price tested the breakout level, forming a curve support (MMC's bullish arc structure).
This is where smart money typically adds positions on retracement.
🔹 Phase 3: Liquidity Sweep & Acceleration
In March 2025, EURGBP dipped sharply, triggering a liquidity sweep below prior lows.
This fakeout move was a classic manipulation phase—clearing late buyers before a fast reversal.
Price rejected strongly from the curve support, confirming the MMC continuation.
🔹 Phase 4: Expansion Toward MMC Target
The market moved vertically, respecting the MMC curve structure and 50% retracement zone of the last impulse (noted on the chart).
This movement shows momentum expansion, typical of MMC Phase 3.
Price is now rapidly approaching the Target + Next Reversal zone at 0.86800–0.87200.
🔻 What to Expect Next:
The Target Zone aligns with multiple confluences: supply imbalance, psychological round number, and prior liquidity void.
Expect strong reaction or reversal from this zone.
Confirmation is needed before shorting, ideally via:
Lower Timeframe Break of Structure (LTF BOS)
Bearish divergence or volume exhaustion
Candlestick rejections (e.g., bearish engulfing, pin bars)
📈 Summary of Key Technical Elements:
Concept Observation
MMC Phase Expansion (Phase 3)
Liquidity Sweep March 2025 – below prior support
BOS (Break of Structure) Early 2025 bullish breakout
Current Bias Bullish until 0.8700 zone
Reversal Potential High at MMC Target + Supply Zone
📚 Educational Note:
This analysis follows the Market Mapping Cycle (MMC) method—a higher-level view of Smart Money Concepts. By studying price curves, liquidity zones, and psychological areas, traders can anticipate market behavior before traditional indicators catch up.
EURGBP - Swing trade IdeaHi everyone !!
The EURGBP shows a bullish momentum after tapped and rejected at 88.6% Fib level and MACD bullish sign on daily timeframe.
And also breaks the 4Hr downtrend price action such as Inducement, BOS and created CHOCH on 4HR, I would like to buy when the price retest the 4hr OB and Key level 0.83800
Below is my trade setup, please do your own analysis before taking any trades.
Buy limit order
Buy @ 0.83800
SL - 0.83540, 26Pips
TP1 - 0.84060 (Set to breakeven once TP1 is hit or Trail SL below to new LL)
TP3 - 0.84580
Final TP5 - 0.85100
RR 1:5
Cheers !
I'm currently long on EUR/GBPPrice is currently reacting to a retest of an order block located within the discount zone, following a Shift in Market Structure (SMS).
Additionally, on the weekly timeframe, price is also positioned in the discount zone, aligning with a weekly order block at the same level.
Disclaimer: This is not financial advice—just my personal analysis.