EURGBP Wave Analysis – 15 April 2025
- EURGBP reversed from the resistance zone
- Likely to fall to support level 0.8460
EURGBP currency pair recently reversed down from the resistance zone between the resistance levels 0.8735 (former strong resistance from 2023) and 0.8625 (which reversed the price twice from the start of this year September.)
This resistance zone was strengthened by the upper weekly Bollinger Band and by the 38.2% and 50% Fibonacci correction levels of the downtrend from 2022.
Given the clear daily downtrend, EURGBP currency pair can be expected to fall to the next support level 0.8460, the former top of wave A from the start of 2025.
GBPEUR trade ideas
EURGBP Short Term Buy Idea Update!!!Hi Traders, on April 10th I shared this idea "EURGBP Short Term Buy Idea"
I expected bullish continuation higher from the marked Fibonacci support zones. You can read the full post using the link above.
Price reached the first key support zone, respected it and bounced higher as expected!!!
If you enjoy this idea, don’t forget to LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍! Drop your thoughts and charts below to keep the discussion going. Your support helps keep this content free and reach more people! 🚀
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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.
EURGBP Will Go Up! Long!
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 0.854.
Taking into consideration the structure & trend analysis, I believe that the market will reach 0.874 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.
Like and subscribe and comment my ideas if you enjoy them!
EURGBP Potential downsidesHey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.86000 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.86000 support and resistance area.
Trade safe, Joe.
EUR/GBP BEST PLACE TO BUY FROM|LONG
EUR/GBP SIGNAL
Trade Direction: long
Entry Level: 0.856
Target Level: 0.869
Stop Loss: 0.847
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 3h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
✅LIKE AND COMMENT MY IDEAS✅
“ EUR/GBP Buy Setup – Demand Zone to the Moon? ”Key Zones & Levels
🟦 Demand Zone:
Between 0.85555 – 0.85200
Buyers previously pushed price up here — now acting as a strong support base!
🎯 Target Point:
0.87406
Potential upside of +179 pips / +2.09%
🟢 Entry Point:
Around 0.85555, just above the demand zone
Ideal spot for a Buy Entry if confirmation shows.
🛑 Stop Loss:
Set at 0.85200
Smart risk protection below the zone.
Indicators
📉 Downtrend Line:
A break above this could signal the start of a bullish Reversal.
📈 EMA (7-period):
Currently around 0.85796
Reclaiming above this line strengthens the buy signal.
Trade Plan Summary
✅ Buy on bounce from demand zone
🔓 Breakout of the trend line = confirmation
🎯 TP: 0.87406
🛡️ SL: 0.85200
⚖️ Risk-to-Reward Ratio: Excellent (about 1:6)
Final Thoughts
Wait for bullish candles near the entry point
Watch fundamentals too — EUR & GBP news could impact direction
Stay alert for false breakouts below the demand zone
EUR/GBP Short Setup – Technical Breakdown Aligns with Dovish ECBTechnical Insight:
EUR/GBP is once again rejecting a major higher timeframe resistance zone, showing clear signs of bearish pressure. Price action has decisively broken below the ascending trendline that held since April 2, confirming a market structure shift. The break adds to confluence as momentum turns in favor of sellers.
Fundamental Backdrop:
This week’s European Central Bank (ECB) meeting is highly anticipated, with increasing speculation that policymakers will lean dovish—potentially signaling readiness to cut rates as early as June. Recent data from the Eurozone (including sluggish PMI prints and easing inflation figures) has further pressured the euro, making it vulnerable ahead of the announcement.
In contrast, the Bank of England remains cautious on rate cuts amid persistent wage and services inflation, which may keep GBP relatively supported in the near term.
Key Takeaways:
Bearish market structure confirmed with trendline break
HTF resistance still holding firm (0.8737–0.8743)
ECB likely dovish, weakening euro fundamentals
BoE more hawkish stance strengthens GBP outlook
Risk-reward ratio remains favorable with downside targets around 0.8350–0.8320
Triangle Breakout Alert – EUR/GBP Ready to Fly!Hi traders! Analyzing EUR/GBP on the 30M timeframe, spotting a potential bullish breakout from a triangle pattern inside a broader downtrend:
🔹 Entry: 0.86008
🔹 Take Profit (TP): 0.86423
🔹 Stop Loss (SL): 0.85547
Price was consolidating inside a descending channel and recently formed a symmetrical triangle pattern. After multiple touches at both trendlines, bullish momentum broke the triangle to the upside, suggesting a possible short-term reversal or corrective move against the prevailing downtrend.
The breakout is supported by a clean candle close above the triangle resistance and a potential retest of the breakout zone. RSI is turning up from the oversold area, signaling a shift in momentum.
If bulls maintain control, we could see a push toward the upper limit of the channel or even a full retracement to 0.86423, where previous structure aligns with dynamic resistance.
⚠️ DISCLAIMER: This is not financial advice. Every trader must evaluate their own risk and strategy.
EURGBP Trade IdeaHi Everyone !!
EURGBP is showing strong bearish momentum on the 1HR timeframe with clear CHoCH and BOS. I am looking to short when the price reaches my POI range 0.86795 to 0.86900, below is my trade setup, please do your own analysis before taking any trades.
Sell limit order
Sell @ 0.86795
SL - 0.86990
TP1 - 0.86595 – Set to breakeven once TP1 is hit
Final TP - 0.86200
RR 1:3
Cheers !
Short trade
15min TF overview
📉 Trade Breakdown – Sell-Side (EUR/GBP)
📅 Date: Monday, April 14, 2025
⏰ Time: 3:30 AM – London Session AM
📈 Pair: EUR/GBP
🧭 Direction: Short (Sell)
Trade Parameters:
Entry: 0.86547
Take Profit (TP): 0.85986 (–0.65%)
Stop Loss (SL): 0.86725 (+0.21%)
Risk-Reward Ratio (RR): 3.15
🧠 Trade Narrative:
This early London session is a short-term trade idea
Reversing from a premium zone, targeting a clear drop back into discount or mid-range.
EURGBP INTRADAY overbought retracement EUR/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.
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 SHORT FORECAST Q2 W16 D16 Y25EURGBP SHORT FORECAST Q2 W16 D16 Y25
Morning All,
A short forecast to begin a monday morning!
Weekly order block rejection to start the week.
Bullish pressure visible therefore as always, we await confluences prior making an assumption.
In addition, we accept another reason for the trade to play against us - the weekly wick high, there is always a chance this is filled prior the turn around in price action however, if a break of 15' structure is presented, that risk will be accepted.
Happy to get involved in either of the set ups illustrated- set up 2 is clearly the "risky" trade of the two BUT did we ever forget our role is to manage risk. Set up two however have an added confluence of Tokyo range to be filled, pulling price action short.
I trust the chart analysis is becoming self explanatory.
Let's see how EURGBP plays!
FRGNT X
Bullish continuation?EUR/GBP has bounced off the pivot which is a pullback support and could rise to the 128.2% Fibonacci resistance.
Pivot: 0.8608
1st Support: 0.8527
1st Resistance: 0.8767
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EUR-GBP Bullish Bias! Buy!
Hello,Traders!
EUR-GBP is trading in a
Strong uptrend and the pair
Made a bullish breakout of
The key horizontal level
Of 0.8623 then surged
Further up and is now
Making a local bearish
Correction so we are
Bullish biased and after
The retest of the new
Support level we will be
Expecting a further
Bullish move up
Buy!
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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.
EURGBP enters the overbought zoneEuro has gained a remarkable strength against the British pound during the latest round of tariff announcement from the US administration. However, from the historical studies we know that EURGBP rarely makes substantial trends, and more often it turns black having reached 2 standard deviations from the 20-day moving average (the upper band of the Bollinger Bands indicator). It is exactly where we observe the price now.
So, it is possible to observe the bearish turn for this currency pair, which may be associated with a bullish reversal for GBPUSD or stabilizing EURUSD or both.
Don't forget - that's just an idea, always do your own research and never forget to manage your risk!