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GBPEUR trade ideas

EURGBP Inside a Large Corrective Pattern - Target 0.8400 ?EURGBP Inside a Large Corrective Pattern - Target 0.8400 ? EURGBP is developing a pattern with bullish volume, but it remains confined within a larger corrective zone. The price is currently near the top of this pattern, which corresponds to a key resistance zone. Given the historical behavior, there is a significant chance that EURGBP could move down again. The first support zone is near 0.8424. If the price breaks down further, it may test the 0.8400 level. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Short
by KlejdiCuni
7
EUR/GBP Possible Rebound#trading_idea #EURGBP 💡 🔤🔤🔤🔤🔤🔤- Outlook On the 3M chart, there are 5 red candles in a row, which give around 66% chance of trend reverse. The price is testing 0.842 support. The Stochastic is in deep overbought zone showing the signs of reversal. 🔼If the price rebound from 0.842 we could see a potentially testing higher levels around 0.8427 or beyond. 🔽Alternatively, If the price breaks below the support at 0.842, it could trigger a bearish move, with the next target around 0.8415. 🔴 Click "👍" if you think the price will rebound and "👎" if you think it will fall. ➡️GET $20,000 JUST FOR $99
Long
by sabiotrade
EURGBP Bearish Bias Reaffirmed after UK CPI but BoE LoomsThe Bank of England lowered rates last month, for the first time in four years, joining major peers in their shift to less restrictive monetary settings. However, officials adopted a cautious and non-committal approach on further easing, as they remain wary of inflation which they expect to rise further this year. Today’s inflation report will likely strengthen the BoE’s apprehension, as CPI stayed above the 2% target, while core accelerated to 3.6% y/y in August. EURGPB faces pushback as a result, at the critical resistance cluster provided by the EMA200 (black line) and the 23.6% Fibonacci of the August fall. Bearish bias is intact below that level, sustaining risk for further losses towards and beyond 0.8381. The monetary policy differential is unfavorable for the pair, as the ECB has already slashed rates twice this year and at least one more cut is expected this year. The Bank of England will have a hard time moving again on Wednesday, but pressure for faster easing pace is likely to increase. Wage growth moderated substantially and this can allow greater tolerance for slower return of inflation to target, while the economy remains fragile, despite exiting its brief recession. EUR/GBP has contained its fall in recent weeks and a break above the aforementioned resistance cluster would pause the bearish bias and provide the launching pad for taking out the 38.2% Fibonacci. Greater recovery however towards the 61.8% levels looks hard under current policy dynamics. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 6 2% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”) (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website: Stratos Markets Limited clients please see: www.fxcm.com Stratos Europe Ltd clients please see: www.fxcm.com Stratos Trading Pty. Limited clients please see: www.fxcm.com Stratos Global LLC clients please see: www.fxcm.com Past Performance is not an indicator of future results.
Short
by FXCM
EURGBP: U.K. Inflation and Key TrendsInflation in the UK remained stable in August at 2.2%, according to data from the Office for National Statistics (ONS). However, rising prices in the services sector have raised concerns for the Bank of England (BoE). This increase in the services sector, which is a key indicator of domestic price pressures, rose to 5.6% from 5.2% in July, exceeding market expectations. The BoE had cut interest rates to 5% on August 1 and expected headline inflation to reach 2.4% in August, with the Consumer Price Index (CPI) forecast to reach around 2.75% by the end of 2024. Despite the current figures, the BoE is expected to keep interest rates unchanged at its next meeting. The rise in inflation in the services sector is partly attributed to the significant increase in air fares, which rose by 22.2% between July and August, representing one of the largest increases since 2001. Sterling strengthened against the dollar following the release of the data, and bets on a rate cut by the BoE were reduced to a probability of around 28%.Prime Minister Keir Starmer's government stressed that although inflation is more manageable compared to the peak of over 11% almost two years ago, prices remain elevated, which continues to pose a challenge for the UK economy. Currently the Carry-Trade movement of the EURGBP is moving through the middle zone within the long-term range. Its maximum movement is located at 0.87142 and the minimum at 0.83821 euros, looking at the chart there has been a double bounce that coincides with pump and dump movements between July 25 and September 1, currently the RSI marks us 45.25% which presents slight oversold. The Control Point (POC) puts the target around 0.85506 so we could see a new return to this area of displacement that coincides in the middle of the long term range. Ion Jauregui - Activtrades Analyst ******************************************************************************************* The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
Long
by ActivTrades
No stoplossyesterday i saw a massive push to the high on the 4h chart. i expected indeed a rise befor i would go short but not like this. when i saw the move i started building my position selling from 0.84440 als the way up to 0.84512 i was not behind my computer so it was without stoploss (its a sort of DCA strategie) i expect the eurgbp to rise again and tip the 200 ema and the after slowly start making bearisch momentum. lets see wat it brings i have one more sell at 200 ema
Short
by The_Woof_of_Wall_Street
EURGBP: A Trade You Don't Want To Miss - 2EURGBP: A Trade You Don't Want To Miss - 2 This is an analysis I posted before and nothing has changed so far. Price reached our first target and is back in the same old area again. EURGBP is testing an old weekly support zone that proved to be strong several times. Usually, we refer to normal support zones to observe the price reaction, but this time EURGBP is near a weekly area. We have to be cautious at the moment because EURGBP may go down a bit more, but overall should rise from the weekly support zone. The price tested this area in 2016, 2017, 2020 and 2022. After the start of the uptrend, EURGBP rose by nearly +400 to +900 pips during the uptrend. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Long
by KlejdiCuni
9
EUR/GBP H4 | Potential bullish bounceEUR/GBP is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 0.8413 which is a pullback support. Stop loss is at 0.8390 which is a level that lies underneath a swing-low support. Take profit is at 0.8453 which is an overlap resistance that aligns with the 23.6% Fibonacci retracement level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by FXCM
2
Trading Idea: GBP/EUR Resistance BreakoutCurrent Resistance Level: GBP/EUR is currently facing a resistance level. If the price breaks above this resistance, it could signal a potential bullish breakout. Next Target: After the breakout, the next key resistance level becomes the target. Bullish Pattern: There is also a potential bullish pattern forming, which could further support the breakout scenario. A confirmed breakout above the first resistance could lead the price to rally toward the second resistance level. Confirmation: Wait for a clear break and close above the current resistance, and a confirmation of the bullish pattern, to strengthen the breakout signal. Risk Management: Consider placing a stop-loss below the previous support level to manage risk in case of a false breakout.
Long
by rebenga93