EURGBP: What Are You Anticipating With This Volatile Pair?I am a swing trader, as you can probably tell from the timeframes I use in my posts. However, I do believe that EURGBP lends itself better to day trades or position trades, if you can stomach the movement. Considering it has made, for me, surprising reverses just when you think it would push further, I offer a couple of scenarios for both a sell and buy possibility. I do see EURGBP selling further but this is a pair you want to be prepared for movement in the opposite direction as well. Game plan, ready! What would be your move?
GBPEUR trade ideas
Bearish drop off 50% Fibonacci resistance?EUR/GBP is rising towards the pivot and could drop to the 1st support that lines up with the 61.8% Fibonacci projection.
Pivot: 0.8374
1st Support: 0.8222
1st Resistance: 0.8464
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EURGBPOn Tuesday, February 11, 2025, Bank of England (BoE) Governor Andrew Bailey will deliver a speech titled "Are we underestimating changes in financial markets?" at the University of Chicago Booth School of Business in London.More hawkish than expected is good for currency.As the head of the central bank(BOE), which controls short term interest rates, he has more influence over the nation's currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary polices.
Here's how this, combined with other fundamental data, might affect the GBP and the EUR/GBP trade directional bias:
Andrew Bailey's Speech:
Monetary Policy: Bailey's remarks followed the BoE's decision on February 6, 2025, to cut the Bank Rate by 0.25 percentage points to 4.5%.
Future Rate Cuts: Bailey stated that the BoE expects to be able to cut the Bank Rate further as the disinflation process continues. However, future adjustments would be judged meeting by meeting.
Inflation Outlook: The BoE expects inflation to increase to about 3.7% this year before returning to the 2% target.
Economic Outlook: There is considerable uncertainty over the extent to which weakness in UK GDP persists.
Upcoming GDP and Other Data (Thursday):
GDP m/m (Forecast: 0.1%, Previous: 0.1%): A reading in line with forecasts may have a neutral impact. A significantly higher number could be GBP positive, while a lower number could be GBP negative.
Prelim GDP q/q (Forecast: -0.1%, Previous: 0.0%): A negative reading would confirm a potential economic slowdown, which could be GBP negative.
Construction Output m/m (Forecast: 0.3%, Previous: 0.4%): Any deviation from the forecast may cause movement in GBP.
Goods Trade Balance (Forecast: -18.3B, Previous: -19.3B): A smaller deficit than forecast could be GBP positive.
Index of Services 3m/3m (Forecast: 0.1%, Previous: 0.0%): A higher reading than forecast could be GBP positive.
Industrial Production m/m (Forecast: 0.3%, Previous: -0.4%): A positive reading could support the GBP.
Manufacturing Production m/m (Forecast: 0.1%, Previous: -0.3%): A positive reading could support the GBP.
Prelim Business Investment will be watched
Potential Impact on GBP and EUR/GBP:
Dovish Signals from BoE: If Bailey's speech reinforced expectations of further rate cuts due to easing inflationary pressures and economic concerns, the GBP could weaken.
Data Dependency: The BoE emphasized that future rate decisions are data-dependent.
Overall EUR/GBP Directional Bias: Given the above factors, the EUR/GBP trade could experience increased volatility this week. If the UK data comes in weaker than expected, this could strengthen the EUR against the GBP.
Important Considerations:
Market Sentiment: Market sentiment and global economic factors can also influence currency movements.
Data Revisions: Initial data releases are subject to revision, which can sometimes lead to a different market reaction.
Risk Management: employ appropriate risk management technique and trade at your own risk,this isn't financial advice but my trading strategy which i teach for free!!!!!!!!free!!!!! free!!!!
EUR/GBP - Weekly Outlook (Strong AMD Model)After breaking this Chart down I have found a setup I am very happy with. I shall break this down to help you understand my process.
4H Chart Only...
Firstly we start off with a strong Buy side Liquidity sweep. This tells me that price wants to target its next lot of Liquidity which is further down towards the labels Demand zone.
We noticed a CHoCH which would have been a nice trade if you could have captured that move BUT.. you still have time! In my eyes I see a valid AMD Entry Model with Accumulation with some price evaluations followed buy a Manipulation then on the LTF changing character once again giving me a strong confluence that price will push down harder to give us the valid distribution. We haven't see any form of tap of supply zones so I would like to see price pull up and wick into some sort of LTF Supply as we want this Distribution to continue running.
Once we break this Liquidity Trend Line it will be a very high Probability Trade Setup so you could look for sells after taking that Breakout too
Good Luck to the Traders that decide to follow.
EURGBP - Weak Again!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 EURGBP has been bearish trading within the falling wedge pattern in blue.
Currently, EURGBP is approaching the upper bound of the wedge.
Moreover, the orange zone is a strong structure.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the orange structure and upper blue trendline.
📚 As per my trading style:
As #EURGBP is around the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
EURGBP Channel Down sell signalThe EURGBP pair has been trading within a Channel Down pattern since the November 16 2023 High. The recent Lower High rejection just above the 1D MA200 (orange trend-line) resembles both in terms of 1D RSI and price action the August 08 2024 Lower High.
Since that posted an initial correction of -3.62%, we expect an equivalent Bearish Leg to target 0.81750.
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EUR/GBP - Long Trade SetupThis In my own opinion is a strong looking trade setup.
Currently we have a Daily/12/6/4/1 Hour all Bullish Setup. Only smaller TF's are showing LL's
Consolidation phase seems to be forming its last leg according to Elliot's Wave Theory telling me we are going to be looking to breakout of this Trend.
Previously I predicated price to have another run down to the final Demand zone (I will link my post to that Idea)
Indicators confluences - Currently MacD on the daily is showing us we are slowing down with sellers momentum although PA is still bullish giving me more suggested signs we will be having a decent Bullish Run.
PM me for more details in this trade setup
Good luck to all the traders that follow and make sure to use risk management
EURGBP Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.83900 zone, EURGBP was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.83900 support and resistance area.
Trade safe, Joe.
EURGBP...PULLBACK OR REVERSAL? POTENTIAL LONG OPPORTUNITYHello hello TradingView fam! Hope you are are doing super well and having an incredible start to 2025. I just wanted to come on here and share a potential opportunity I see on the EURGBP currency pair. SO sit back, enjoy, and hope you get some value from this post!
OK so first thing first. Higher timeframe. You can see from the title of my post "pullback or reversal" that we potentially have a trend shifting move at hand before us. Now you may be asking "how do you know?" and the short answer is I DONT...BUT the market leaves clues. And my mentor taught me that the market is a receipt for the bigger players displaying there interest...or lack of it. SO for me, when looking at this currency pair I can see back in December of 2024 a low was created around 0.82250 (round psychological number) on this pair before a large, strong rally from the buyers led prices to break multiple week/month highs.
This is significant because if retail traders are not the ones moving the markets (because they are not) then we have to realize the larger players were so interested in this price that they bought up enough volume to cause the prices to have that very significant reaction. SO AS RETAIL TRADERS we should take that as a HUGE clue that when prices are coming BACK TO THAT ZONE OF PRICE they may be interested again...ever heard of "History Repeats Itself?"
OK so that is the reasoning behind my bias that we may have a reversal on our hands and a potential continuation to the upside. Here are some confluences that add to that in terms of my technical analysis clues to give a few.
1. Daily is in uptrend (now making higher highs & higher lows)
2. RSI is oversold
3. Fibonacci alignment with zone (showing % of discount essentially)
OK guys so that is my breakdown for EURGBP!!!! As I'm writing this as well I see that prices opened up very gapped to the downside!! WOW!! Keep eyes on guys my bias still remains...Cheers!
EURGBP - Anticipating the BOE DecisionEURGBP - Anticipating the BOE Decision
A few days ago, I posted an analysis on EURGBP, highlighting a strong support zone. Today, we are looking at one of the most significant events of the week: the Bank of England's (BOE) interest rate decision.
The BOE is expected to cut rates by 25 basis points, bringing them down to 4.50%. Currently, the market is reacting against the GBP, pushing EURGBP up along with many other GBP pairs. This is a typical price development when it comes to interest rate changes.
However, the main focus will be on the BOE's press conference, as the Governor's comments and the way the changes are communicated can significantly impact the market. We can expect a volatile day ahead.
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❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
EURGBP Sellers In Panic! BUY!
My dear subscribers,
My technical analysis for EUR/USD is below:
The price is coiling around a solid key level - 0.8321
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 0.8363
My Stop Loss - 0.8295
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
Bullish riseEuro Pound is in a correction phase within the M and W frames but currently trying to ignite some upward pressure in the lower timeframes. Price action managed to pass through and trying to settle above the 0.83300 barrier. If the pair finds strength to settle above after the retest, price action may aim to reach the established highs as they'll also be future resistant barriers.
EURGBP BUY TRADE PLAN
✔ Entry: ✅ Triggered at 0.8310 – 0.8305
✔ Stop Loss (SL): 0.8280 (Safe breathing room)
✔ Take Profit 1 (TP1): 0.8350 (First target)
✔ Take Profit 2 (TP2): 0.8380 (Strong level)
✔ Take Profit 3 (TP3 - Final Target): 0.8400+ (HTF resistance)
🎯 R:R Calculation:
🔹 TP1 = 1:2
🔹 TP2 = 1:4
🔹 TP3 = 1:5+ (High probability trade)
IF H1 Close Above 0.8310 = Confirmed Buyers
EURGBP Bullish Continuation (Potential Trend Retracement)EURGBP price seems to exhibit signs of overall bullish momentum (after a credible reversal on the 1D timeframe) as the price action may form a credible Higher Low with multiple confluences of key Fibonacci and credible Support levels.
Trade Plan :
Entry @ 0.83328
Stop Loss @ 0.82000
TP 0.8 - 1 @ 0.84390 - 0.84656
EURGBP Testing a Key Support Zone with Possible Retest of 0.840EUR/GBP Testing a Key Support Zone with Possible Retest of 0.8400
EUR/GBP is currently testing a key support zone, and a retest of 0.8400 is possible.
The pair previously tested a strong resistance zone near 0.8300 and bounced back up.
This area has been tested multiple times in the past, demonstrating the presence of well-positioned buyers who are reluctant to let the price move down further.
However, if President Trump makes any comments related to tariffs on the UK, it could push EUR/GBP up further, as the pair typically moves slowly.
Key resistance areas are located near 0.8360 and 0.8400.
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❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. This helps me cover the cost of providing regular insights.