possibility of uptrendGiven the price behavior in the current support range, there is a possibility of an upward trend. Otherwise, the correction trend will likely continue.
GBPEUR trade ideas
EURGBP Potential Head and Shoulders PatternOn the 4-hour chart, EURGBP has formed a potential head and shoulders top pattern. Currently, we can focus on the support around 0.8520. If it falls below, it will start to go down, and the downside target will be around 0.8450.
EURGBP SHORT FORECAST Q2 W16 D18 Y25EURGBP SHORT FORECAST Q2 W16 D18 Y25
Fun Coupon Friday !
SUMMARY
- Trading areas identified
- Long position via 4H order block + weekly wick imbalance fill alignment. 15' breaks of structure required prior. 15' order block to be created post 15' break of structure. B set up.
- Short position via weekly order block 15' order block identified.15' breaks of structure required prior & lower time frame break of structure + turn around in price actions. A Set up
FRGNT X
EURGBPAll major releases from the UK in the last fortnight were at least slightly surprising, with inflation and GDP unexpectedly declining slightly. At the same time, the claimant count change was much better than the consensus. Sentiment remains weak, though, with traders concerned about British public borrowing. This article summarizes recent important news from the UK, then looks briefly at the charts of GBPUSD and EURGBP
EURGBP – Bullish Cypher Harmonic Pattern EURGBP – Bullish Cypher Harmonic Pattern 🟢🌀
✅ Pattern Overview:
Pattern Type: Bullish Cypher Harmonic
Status: Pattern completed or completing at D-point (PRZ)
Timeframe: Typically on 1H / 4H / Daily
Bias: Bullish Reversal expected from PRZ
🧩 Cypher Pattern Structure:
XA: Initial strong bullish leg
AB: Retraces to 38.2%–61.8% of XA
BC: Extends beyond X (typically 1.272–1.414)
CD: Retraces to 78.6% of XC
→ D-point = Potential Buy Zone
📍 Key PRZ Zone: Near 78.6% Fibonacci retracement of XC leg
📈 Trade Plan – LONG Setup
Entry:
Buy at or near the D-point (PRZ) – ideally with confirmation (e.g., bullish divergence, support zone, or price action signal like engulfing candle)
Wait for 1H/4H bullish candle close above local low
Stop-Loss:
Just below the X-point or local swing low
Allow some breathing room for harmonic volatility
Take Profit Levels:
TP1: 38.2% of CD
TP2: 61.8% of CD
TP3: Revisit of B-point zone (optional)
R:R Ratio: Minimum 1:2, ideally more
⚠️ Things to Monitor:
Euro and Pound fundamentals (news/data releases)
Price must respect PRZ zone and show momentum before entry
Confluence with trendline support, order block, or RSI divergence is ideal
EURGBP Flashes Two Bearish Technical Signals Ahead of LagardeEURGBP is giving negative technical signals ahead of the Lagarde's press conferance. After Trump announced new tariffs, the euro surprisingly gained against the pound. The U.S. imposed tariffs twice as large on the EU compared to the UK, with a minimum of 10% on UK goods. Despite this, the pound weakened more than expected. However, this move might prove to be temporary.
The real focus of ECB will be on the outlook. Recent economic data, combined with the added pressure from tariffs, may push the ECB toward further rate cuts later this year.
President Lagarde has been cautious for some time, offering few forward-looking signals. Today, markets will be closely watching for any hint of future easing. If Lagarde sounds more dovish than expected, the euro could come under renewed bearish pressure.
EURGBP has been forming a head and shoulders-like pattern since the start of last week. It may currently be developing the second shoulder, depending on how the price moves today.
A combination of 8–13 hour moving average crosses and RMI sell signals on the 60-minute chart has successfully captured all local tops since April 7. These same signals have appeared again today. If they prove accurate once more, the 0.8525 support level will be key. This level represents the neckline of the potential head and shoulders pattern.
However, if EURGBP moves above 0.8620, the bearish setup would be invalidated.
EURGBP 4H TimeFrame SellEURGBP we can see bearish candles are more powerful now and expecting another leg down
EURGBP INTRADAY awaits ECB Rate DecisionEUR/GBP maintains a bullish bias, supported by the prevailing upward trend. Recent intraday movement indicates a corrective pullback toward a key consolidation zone, offering a potential setup for trend continuation.
Key Support Level: 0.8525 – previous consolidation range and pivotal support
Upside Targets:
0.8736 – initial resistance
0.8787 and 0.8900 – extended bullish targets on higher timeframes
A bullish reversal from 0.8525 would suggest continuation of the uptrend, confirming buying momentum.
However, a decisive break and daily close below 0.8525 would invalidate the bullish structure, opening the door for further retracement toward 0.8460, with additional support at 0.8370 and 0.8300.
Conclusion
EUR/GBP remains bullish above 0.8525. A bounce from this level supports further gains. Traders should watch for confirmation signals before positioning for the next move.
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EURGBPPotential for short position
- retested and rejected off 4hr SR line
- possibility of change of direction of market structure
- Creation of head and shoulders - leading to loss of momentum on the bullish trend.
BUY EURGBPBUY EURGBP. I am seeing a bullish flag which is about to break. Let us see if the ECB decision can boost the EUR higher to fulfill this pattern.
EURGBPEURGBP
- Head and Shoulder
- Completed " 12345 " Impulsive Waves
- Break of Structure
- S / R Level
- Fibonacci Level - 50.00% / 61.80%
Bullish bounce?EUR/GBP is falling towards the pivot which has been identified as a pullback support and could bounce to the overlap resistance that aligns with the 61.8% Fibonacci retracement.
Pivot: 0.8574
1st Support: 0.8530
1st Resistance: 0.8656
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EUR/GBP SHORT SWINGGreetings everyone, here is another quick opportunity for a nice short with a great risk to reward. The Euro has been very strong so I will be waiting for failure in this zone before entry.
EURGBP Sells EURGBP will do what it does best and continue selling. I want to see price climb up a bit and retest the broken trend line once more before dumping
EURGBP continuing upward moveEURGBP is in upward trend on one hour time frame, price has taken a good correction and know showing bullishness good chance of buying at current level with a short stop loss.
EUR/GBP For Bullishwait for pull-back near by entry point and then go long
general trend is up trend
GBP under Pressure
have fun :)
EURGBP potential longsFX:EURGBP
On the past two weeks, price has broken out from the descending channel, signaling a strong bullish momentum and is currently on the pullback towards the daily demand zone which is in about 100 pips. Although we don’t currently have an entry signal, our bias would still be buys, searching for potential long opportunities in the smaller timeframes when we get the confirmations.
The daily demand zone is also sitting around the 'Point of Control' of the volume profile, which essentially is the area with the biggest volume traded when the breakout took place. From here, we can take it as a confluence that the bulls are in power, as well as the 400 pips of movement upwards with two closed strong bullish weekly candles. However, do note that due to the fact that price respected the daily resistance zone above, there is still potential for price to break below the daily demand zone, and if price breaks below and closes, the buys may become invalid.
Market Analysis: EUR/GBP SlipsMarket Analysis: EUR/GBP Slips
EUR/GBP declined and is now consolidating losses above the 0.8500 region.
Important Takeaways for EUR/GBP Analysis Today
- EUR/GBP is trading in a bearish zone below the 0.8630 pivot level.
- There is a connecting bearish trend line forming with resistance near 0.8570 on the hourly chart at FXOpen.
EUR/GBP Technical Analysis
On the hourly chart of EUR/GBP at FXOpen, the pair started a steady decline from well above 0.8700. The Euro traded below the 0.8630 support level against the British Pound.
The EUR/GBP chart suggests that the pair even declined below the 0.8600 level and tested 0.8520. It is now consolidating losses and trading below the 50-hour simple moving average. Recently, there was a minor increase above the 0.8540 level.
The pair is now facing resistance near the 23.6% Fib retracement level of the downward move from the 0.8738 swing high to the 0.8518 low. There is also a connecting bearish trend line forming with resistance near 0.8570.
The next major resistance could be 0.8630 and the 50% Fib retracement level of the downward move from the 0.8738 swing high to the 0.8518 low.
A close above the 0.8630 level might accelerate gains. In the stated case, the bulls may perhaps aim for a test of 0.8685. Any more gains might send the pair toward the 0.8740 level.
Immediate support sits near 0.8520. The next major support is near 0.8500. A downside break below the 0.8500 support might call for more downsides. In the stated case, the pair could drop toward the 0.8360 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.
EURGBP Massive Short! SELL!
My dear subscribers,
EURGBP looks like it will make a good move, and here are the details:
The market is trading on 0.8674 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 0.8620
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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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WISH YOU ALL LUCK
EURGBP-SELL strategy 12 hourly chart the pair still had the power to move higher from a small correction. I feel we should be adding to the shorts, or SELL a new position at current levels.
Strategy SELL or ADD @ 0.8700-0.8740 and take profit near 0.8545 for now.
Wave structure of EURUSD on 4H, M15 timeframe1H, 4H swing is bullish => Current is pullback
M15 swing is bearish.
We can look for buying opportunities when the wave structure on the M15 timeframe turns bullish.
EUR/GBP – Trendline Break & Retest: Reversal Confirmed?Technical Outlook:
EUR/GBP has broken above the descending trendline and is now retesting it from above near 0.8540–0.8560. This zone is critical — holding it confirms a trend reversal. If successful, the next upside targets are 0.8625 and 0.8680. RSI remains above 50, and MACD continues to support bullish momentum.
Fundamentals:
Dovish expectations from the BoE weigh on the pound. The euro gains support from improving inflation outlook and capital inflows. Interest rate differentials now favor EUR.
Scenarios:
📈 Main: bounce from 0.8540–0.8560 → move to 0.8625 and 0.8680
📉 Alt: break below 0.8540 → retracement to 0.8500–0.8480
