GBPEUR trade ideas
EURGBP-SELL strategy 9-hourly chartthe pair has been range trading for quite some time now, but the indicators seems to show negative possibilities. I feel looking at GANN angle, we may see 0.8365 again in the short-term.
Strategy SELL @ 0.8440-0.8460 and take profit @ 0.8367 for now.
Euro-pound’s upward momentum seems to be decliningConsidering monetary policy alone, it seems questionable whether euro-pound’s recent strong gains are sustainable since the current difference in rates of 1.75% in favour of the pound probably won’t shrink more than 0.2 or 0.3% this year. That said, sentiment on the pound has deteriorated markedly in recent weeks as the British government’s borrowing has accelerated, inflation in the UK declined and the economy was overall stagnant in the third quarter of 2024.
A gain of more than 1.5p by EURGBP in only about a fortnight is quite unusual. 84.5p was the area of the high at the very end of October last year, so this seems to be more established now as a resistance with several fairly large wicks over the last several periods. The 23.6% monthly Fibonacci retracement is a long way off at around 89p. If there’s a break above the current area, last summer’s highs around 85.5p or maybe slightly higher would seem to be more realistic for the near future.
Neither the 200 SMA nor the 38.2% Fibo gave notable resistance earlier this month, so it’s questionable how strong they might be as supports. A lot depends on the ECB’s press conference and preliminary inflation from the eurozone next week.
This is my personal opinion which does not represent the opinion of Exness. This is not a recommendation to trade.
Sell opportunityEUR/GBP Short Signal
Entry Price: 0.84492
Target Price: 0.83277 (-1.44%)
Stop Loss: 0.84781 (-0.34%)
Risk/Reward Ratio: 4.2
Analysis:
Technical Indicators:
The price is consolidating below the resistance level of 0.84781, indicating potential rejection.
EMA (252) and EMA (756) suggest a bearish trend in the medium term.
Volume Profile:
A high-volume node around the entry area strengthens the case for a short trade, as it represents significant price action.
Setup:
Downside target aligns with a strong support level around 0.83277, where buyers are expected to re-enter.
The tight stop-loss ensures limited risk with an excellent risk/reward ratio.
Context:
Fundamental pressure on the Euro and a relatively stronger GBP may drive the price lower in the short term.
EURGBP Potential UpsidesHey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.84300 zone, EURGBP is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.84300 support and resistance area.
Trade safe, Joe.
SELL EURGBP - Trump is speaking todayTrader Tom, a technical analyst with over 16 years’ experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button.
We are proud to be an OFFICIAL Trading View partner so please support the channel by using the link below and unleash the power of trading view today!
www.tradingview.com
EUR/GBP at Critical Resistance – Major Move Incoming?What’s great everyone!? Mr. Blue Ocean FX here, breaking down EUR/GBP with an in-depth analysis you don’t want to miss.
Starting from the higher timeframes, we’ve identified a major trendline resistance dating back to January 2023, which has been tested multiple times and is now being challenged again. After a massive impulse move from the 0.8275 area in late December, price has surged to the current levels around 0.8472, but signs of weakness are starting to emerge.
Looking closer at the daily timeframe, we’ve seen a clear rejection off the trendline with significant bearish volume stepping in yesterday—indicating strong selling pressure after a liquidity grab above 0.8444. With a confirmed daily close below 0.8434, we’re now eyeing potential downside targets.
Dropping down to the H1 timeframe, we’re observing a lower high formation, which could signal a continuation lower. I’ve already entered this trade with a high-risk, high-reward approach, placing stops above the recent high and targeting multiple liquidity areas below.
Key levels to watch:
• First target: 0.8433, sweeping liquidity.
• Next: 0.8413 (double bottom) and ultimately 0.8335 if momentum continues.
If we break below key support at 0.8410, this could trigger a much larger drop into untested levels from past price action, potentially targeting the 0.8146 area.
The next few candles will be crucial—will EUR/GBP hold this level or melt down further? Stay tuned and let’s see how it plays out!
If you’re finding value in these breakdowns, make sure to boost, share, and comment with your thoughts. Let’s make some moves!
EURGBPspike, correction, v-formation, consolidation, if the price breaks out the consolidation here, a long position can be taken
EURGBP Will Go Lower From Resistance! Short!
Here is our detailed technical review for EURGBP.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 0.845.
Considering the today's price action, probabilities will be high to see a movement to 0.835.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
EUR/GBP BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
We are now examining the EUR/GBP pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 0.831 level.
✅LIKE AND COMMENT MY IDEAS✅
EUR/GBP Long-Term Outlook. SWING BUYEUR/GBP has been trading within a long-term range since 2016, and it’s currently sitting on a strong support level. Historically, this zone has acted as a launching point for price to move back toward the upper range.
I believe the pair is entering a new cycle and will likely resume its move to the upside. The current support suggests renewed buying pressure, and with no significant bearish catalysts in sight, we could see a return to the higher resistance levels in the long run.
Let’s see how this plays out—open to your thoughts!
EURGBP trade ideabookish pattern
if there is breakdown of the trendline and also break of structure then there is a tendency the price might go much below
and sell on rise can be planned
EURGBP in bullish trend EURGBP in bullish trend about to face a trend reversal, as RSI diversions can be seen entry with a sell stop
EURGBP - 1H - Bullish TrendThe chart is making series of HH and HL hence in bullish trend. There is no divergence on RSI.
EUR/GBP Sell Trade – Targeting 0.84469Pair: EUR/GBP 🇪🇺💷
Direction: Short 🔽
Target: 0.84469 🎯
Time Horizon: By Tuesday, Jan 21, 02:00 UTC ⏳
EUR/GBP has recently experienced a sharp upward movement, reaching an area where a potential pullback could develop. Observing current market behavior, a retracement toward the 0.84469 level is anticipated based on price action dynamics.
This trade is expected to reach its target by Tuesday at 02:00 UTC. Broader market conditions, including euro sentiment and GBP market developments, may influence the pair's movement. Traders should monitor the price action closely for potential confirmations. 🔍
EURGBP SHORTAs price continues to follow the bearish channel, currently testing at multiple levels of resistance, followed by an increased HP this trade setup has the potential to overwhelm the bullish correction.
After advanced technical analysis has been completed, the price looks to be aiming for the previous lows for potential breakdowns or complete with the initial setup for a long position.
This market looks to be entering a volatile state and we can expect "major movements" giving the opportunity to benefit greatly overall.
With proper risk management, this trade setup has the potential to be observed and experienced as an investment.
This is not a signal and is not recommended to Leverage or Enter this Trade.
EURGBP RisingHello there,
EURGBP appears bullish on the M30 chart, with two price targets requiring monitoring.
Happy Trading
K
EURGBP to continue in the bullish channel?EURGBP - 24h expiry
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
20 4hour EMA is at 0.8429.
We look to buy dips.
Dip buying offers good risk/reward.
A break of the recent high at 0.8463 should result in a further move higher.
We look to Buy at 0.8431 (stop at 0.8409)
Our profit targets will be 0.8489 and 0.8499
Resistance: 0.8454 / 0.8464 / 0.8485
Support: 0.8436 / 0.8420 / 0.8404
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.
