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GBPEUR trade ideas

EURGBP:More Selling Is Indicated Next-week. Long positions soon. An easy trend following Short of EURGBP, forget the complexities of for-example trading Gold, this one was 'in the bag' as a Short all week. Just pull up a 4 hour chart and it looks so easy! Further Short-selling I think next week of EURGBP but if you take a look at the monthly-chart below you will see where the 200EMA-Monthly has supported price previously and lots of historical buying from Order-blocks from 0.8250 to 0.8316. So a Short from current price 0.8377 should work well but I think buying accumulation from 0.8316 - 0.8250 and I think before long EURGBP which is severely oversold even on a weekly & monthly-timeframe, will get a bounce in price - but for how long? Sellers could move back-in very quickly if the EUR does not bounce back with strength - Sellers would next time Short the EUR through and south of the monthly 200EMA.
Long
by Easy_Explosive_Trading
The move I'm looking for on EURGBP pt2A trade I took on EURGBP risking just a small percentage of my account. Price is at a good point to enter to take it for a sell if my previous analysis was completely accurate. As you can see price went to 0.83700 for the retracement to the Fib level, came back down into that zone and looks like now we are starting to see some resistance. Even though it's a weak formation and I was looking for a more aggressive bearish candle I'm taking my chances.
Short
by themarketmafia
1
EURGBP Quick SwingEURGBP has been in a prolonged downtrend but recently saw an upward move after reaching a significant support level around 83.300. While it's uncertain if this signals a full trend reversal, I anticipate continued buying pressure from this point and aim to do a quick 25pips trade on it. Prices may retrace to a lower key Fibonacci level, but given my bullish bias on EURGBP and the presence of buying pressure, I expect the price to rise further, especially following its retracement to the 0.382 support level. Let's see how this pans out.
Long
by shidiq
2
EURGBP to find bears at market price?EURGBP - 24h expiry We are trading at oversold extremes. We look for a temporary move higher. Preferred trade is to sell into rallies. The primary trend remains bearish. Early optimism is likely to lead to gains although extended attempts higher are expected to fail. Our profit targets will be 0.8320 and 0.8305 Intraday - We look to Sell at 0.8370 (stop at 0.8390) Resistance: 0.8352 / 0.8375 / 0.8390 Support: 0.8340 / 0.8330 / 0.8317 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.
Short
by OANDA
The move I'm looking for on EURGBP Price is in a nice downtrend. I do see price continuing this trend but first we must retrace which is what it's doing currently as we speak. I see price retracing off of that zone but before that we are going to see price either reach at least 0.83700 to reach that Fibonacci of 38.2% or it could come as high as 0.83800 to retrace off of what was once; a major support area that we see in past price action. If that happens I also to expect the EMA To look what I have drawn out. Just a thought, we'll see what happens ⚐
Short
by themarketmafia
EUR/GBP extends drop amid Eurozone concernsThe EUR/GBP is down for another week after giving up its gains last week to close lower, created an inverted hammer/doji candle on the weekly time frame. Following that bearish-looking candle last week, we have seen some subsequent downside follow through so far this week, with rates on course to potentially drop to 0.8300 and potentially even test long-term support at 0.8200 in the not-too-distant future. With data from the Eurozone consistently disappointing expectations, China’s economy far from its growth goal to support Eurozone exports, you do have to wonder where growth for the Eurozone might come from. That’s why traders are not rushing to buy the euro despite today’s big surge in Chinese equities as a result of the latest round of stimulus measures. While a weaker US dollar is masking the EUR/USD weakness, looking at the EUR/GBP and several other euro crosses is telling. The 'Chunnel', which is a reference to the Channel Tunnel that connects the UK and Europe, is approaching its post-Brexit lows nearing a band of prior support around 0.8200 - 0.8300. If you think of the troubles facing the UK economy right now, you’d think the EUR/GBP should be 2-3 hundred pips higher than it is right now. This therefore highlights what investors think of the Eurozone economy right now. Anyway resistance for this pair now comes in around 0.8380 area. By Fawad Razaqzada, market analyst with FOREX.com
by FOREXcom
1
#EURGBP 1 DAYThe EUR/GBP pair on the 1-day chart has now entered a demand zone, indicating that the price has reached a key level where strong buying interest is typically expected. This presents a potential buy opportunity as the demand zone could act as a support level, leading to a price rebound. Traders might look for confirmation signals such as bullish candlestick patterns, increased buying volume, or other technical indicators that suggest the start of an upward move. This zone often represents a favorable risk-to-reward ratio, making it an attractive entry point for long positions. However, as always, it's important to apply proper risk management to account for the possibility of further downside movement.
Long
by PIPSFIGHTER
EUR/GBP Exchange Rate Hits 29-Month LowEUR/GBP Exchange Rate Hits 29-Month Low According to today’s daily chart of EUR/GBP: → The rate is around £0.832 per euro – the lowest since April 2022. → The RSI indicator has dropped into oversold territory. Yesterday, the EUR/GBP rate fell by 0.71%, driven by bearish sentiment following the release of PMI indices, which indicated a slowdown in the Eurozone economy. According to Forex Factory: French Flash Manufacturing PMI: actual = 44.0, expected = 44.3, previous = 43.9; French Flash Services PMI: actual = 48.3, expected = 53.0, previous = 55.0; German Flash Manufacturing PMI: actual = 40.3, expected = 42.4, previous = 42.4; German Flash Services PMI: actual = 50.6, expected = 51.1, previous = 51.2. Meanwhile, PMI indices for the UK remain above 50, signalling economic growth. Flash Manufacturing PMI: actual = 51.5, expected = 52.3, previous = 52.5; Flash Services PMI: actual = 52.8, expected = 53.5, previous = 53.7. Technical analysis of the EUR/GBP chart today shows the price moving within a descending channel (marked in red). In September, the price bounced off the £0.840 level, which had acted as support since June. The price movement formed an arc (shown by an arrow), suggesting that: - Demand is weakening. - The median line of the red channel is acting as resistance. If bears maintain control of the market, the EUR/GBP rate could fall towards the lower boundary of the red channel. However, if bulls attempt to recover, the price may face strong resistance at the £0.840 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.
by FXOpen
2
EUR/GBP 4H Accumulation Outlook: Detailed Technical AnalysisMarket Context: The bearish trend has been established with the clear formation of a Bearish Order Block at the top left, and price has respected this level, indicating a continuation of the downtrend. The market has created a structure that suggests potential accumulation. Wyckoff Accumulation Phases: The chart is segmented into Wyckoff accumulation phases, specifically: Phase A: Selling Climax (SC) marks the first bottom, and the Automatic Rally (AR) creates the initial reaction. This is followed by a Secondary Test (ST), which revisits the lower price levels, solidifying the phase. Phase B: Represents the building of the cause, with minor upswings and a re-distribution of the asset. Phase C: The price dips into ST in Phase B, signaling that we may have reached the final downside before an upward reversal. This corresponds with Wave 5 completion in the Elliott Wave structure. Elliott Wave Theory: The analysis overlays Elliott Wave count, and currently, we are at the completion of Wave 5, which aligns with the Wyckoff SC point, suggesting a potential reversal. After the completion of Wave 5, we anticipate the beginning of an ABC corrective pattern, which will likely play out through Phases B and C of Wyckoff. Key Levels and Fibonacci Retracement: The price action is hovering around the 0.618 retracement level (0.85084), which is a key Fibonacci level that often signals a potential reversal. 0.382 (0.84722) and 0.786 (0.8556) Fibonacci levels are also marked, indicating zones where price might react on the way up during the correction. Order Flow and SMC Concepts: The POC (Point of Control) is sitting at 0.8508, and there is clear mitigated order flow above the current price, suggesting that any reversal will need to overcome this level. The Buy Side liquidity is marked, and the price could aim to break through this zone after retesting lower areas. A key Breaker Block is formed, and the strong close at W close (Weekly close) gives further confidence that we may see a bullish breakout, although confirmation is required through price action. Harmonic Projections: Projected harmonic patterns suggest an upward movement from this accumulation. The 1.85 extension is marked, indicating the potential final target for the next bullish leg. The lower high formation aligns with Phase D, where the price is expected to test the resistance and create a Last Point of Support (LPS) before confirming a bullish trend. Expected Outlook: In the near term: A minor retracement or pullback is expected from the current support level (0.83140), and a test of 0.84640 is likely. The market may shift from Phase B to Phase C of Wyckoff, with LPS being tested around 0.8508. Break of resistance at 0.85084 would confirm the reversal, leading towards higher price levels, eventually targeting 0.8556 or beyond in the Phase D of accumulation. This combination of Wyckoff, Elliott Wave, and SMC gives us a clear strategy: monitor the LPS test and watch for price action signals for confirmation of reversal. The structure points to a potential bullish breakout, but risk management is critical in case the market invalidates this outlook. A break below the SC support level would suggest further downside movement.
by spaceangel
3
Buy OpportunityTrade Idea: Buy EUR/GBP Entry: 0.83300 1st take Profit: 0.83817 2nd Take Profit: 0.84813 Rationale: Technical Analysis: EUR/GBP has shown strong Support near the 0.83100 level, with recent price action indicating potential for an upword move. Resistance Break: A breakout above recent Support suggests Bearish momentum could carry the pair towards the 0.82500 level. Risk Management: Place a stop-loss according to your risk tolerance and trading strategy, ensuring potential losses are controlled. Disclaimer: Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The analysis provided is for informational purposes only and should not be considered as investment advice.
Long
by GODOCM
Sell Trade Idea for EUR/GBPDescription The EUR/GBP currency pair, representing the exchange rate between the Euro (EUR) and the British Pound (GBP), presents a potential sell opportunity due to key economic fundamentals: - **UK Economic Resilience:** Despite global economic uncertainties, the UK economy has shown signs of resilience, driven by strong employment data and consumer spending. The Bank of England’s relatively hawkish stance on interest rates could further support the strength of the GBP. - **Eurozone Challenges:** The Eurozone is currently facing multiple economic challenges, including slow growth, inflationary pressures, and concerns about energy security. These issues could weigh heavily on the Euro, making it less attractive compared to the Pound. - **Diverging Monetary Policies:** While the Bank of England is focused on managing inflation through potential interest rate hikes, the European Central Bank (ECB) remains more cautious, which may create downward pressure on the Euro relative to the Pound. Given these fundamentals, a sell position on EUR/GBP could take advantage of the diverging economic outlooks and monetary policies between the Eurozone and the UK. Disclaimer Trading in the forex market involves substantial risk and is not suitable for all investors. The content provided is for informational purposes only and should not be considered financial advice. Forex markets are highly volatile and influenced by various economic and geopolitical factors. Always perform your own research, consider your risk tolerance, and consult a qualified financial advisor before making any trading decisions. Past performance does not guarantee future results.
Short
by MoonTradingForecast
2