GBPEUR trade ideas
EURGBP-SELL strategy 12-Hourly chartThe pair is very overbought short-term, and judging the regression channel, the chances are a pullback to 0.8365 is possible for the coming sessions. It could be even near 0.8340 before it may hold and re-establish itself for higher levels.
Strategy SELL current 0.8415-0.84450 and take profit near 0.8345 for now.
GBPCHF - 13 Jan 2025 SetupEURGBP Market structure are still Bullish. Spotted demand area (Green Rectangle). its a verygood demand area as we seen Resistance become support on that area.
Entry Position : Long
Profit Target : 1:3 Shown on the chart image (Green Line)
Stop Loss : Slightly below demand area (Red Line)
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Coffee Trade Team
14-1 EURGBP:In the short term we expect the EUR/GBP course to remain around £ 0.8398. This means that the euro remains relatively stable compared to the pound.
- ** most important influences **:
- ** interest differences **: If the European Central Bank (ECB) increases its interest rates, this can strengthen the euro. At the same time, the interest rate policy of the Bank of England (BOE) remains a crucial factor.
- ** Inflation **: The recent developments in inflation figures in both the UK and the EU affect purchasing power and therefore on the exchange rate.
- ** Economic growth **: If the UK shows economic growth that is stronger than in the EU, this can support the pound.
In the long term (2025 and further) we provide a further weakening of the pound, with a EUR/GBP course that can rise to £ 0.848 in January 2025.
- ** most important influences **:
- ** Trade and Brexit effects **: The long-term consequences of the Brexit continue to play a role in the UK. Uncertainty in trade agreements can have a pressing effect on the pound.
- ** Political stability **: Possible political instability, such as elections or policy changes in the UK, can increase volatility.
- ** Sustainable growth and investments **: If the EU becomes more economically attractive for investors than the UK, the euro will perform stronger. Risks for GBP:
- Any recession or slower economic growth in the UK can further weaken the pound.
- Persistent inflation above the intended purpose of the Boe could put pressure on the British economy. We have inlaid a small buy with a buy series attached to it. The buy starts at 0.842.
EURGBP Navigating Resistance Levels for a Bullish BreakoutEUR/GBP is currently trading at 0.842, with a target price of 0.852, indicating a potential gain of over 100 pips. The analysis is based on the support and resistance pattern, with the pair currently positioned at a resistance level. A minor retracement or retesting of the resistance is expected at this stage. This retracement is a healthy part of the price movement, allowing the market to gather momentum for the next bullish wave. After the retest, a strong upward trend is anticipated, potentially breaking past the resistance level toward the target price. Traders should monitor this retracement closely to identify optimal entry points. The analysis reflects a bullish sentiment, supported by technical levels. However, proper risk management should be maintained. This trade setup aligns with the principles of technical analysis and trend continuation.
EURGBP - BUYI have seen a divergent on W1, D1 and a clear falling wedge pattern on H4.
all these collided with the major support level @ 0.82511. However, the market may reach up to 0.82011 level, a liquidity grap area to stop out more SL before major shift in the trend direction.
my main bias for this pair EURGBP is to the up side only for the next coming months.
#RestandletthemarketworkforYOU!
EURGBP Potential DownsidesHey Traders, in tomorrow's trading session se are monitoring EURGBP for a selling opportunity around 0.84300 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.84300 support and resistance area.
Trade safe, Joe.
Nice Daily rejection on EurGbp Price rejects old daily strong Level 0.84234 . that level have been tested before and there was a strong rejection to the downside.
I'm not expecting the price to get to 0.84370. hence I'll be looking for sell opportunity to short EurGbp for the rest of the week except if there's any rejection amongst some daily poi below.
Please boost if you find this insightful 🫴
EURGBP Massive Short! SELL!
My dear subscribers,
EURGBP looks like it will make a good move, and here are the details:
The market is trading on 0.8399 pivot level.
Bias - Bearish
My Stop Loss - 0.8424
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 0.8350
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
EURGBP - Potential Sell From Key Resistance ZoneThe EURGBP pair is approaching a significant supply zone, marked by historical price reactions and strong resistance levels. The current market structure suggests the potential for a reversal from this area if sellers regain control.
I anticipate that if the price confirms a rejection from this supply zone, the market is likely to move downward toward the 0.83611 level. This setup aligns with the idea of trend exhaustion near resistance.
If you have additional insights or an alternative perspective, feel free to share your thoughts!
Potential bullish rise?EUR/GBP has reacted off the pivot which acts as a pullback support and could rise to the 1st resistance which is slightly above the 61.8% Fibonacci retracement.
Pivot: 0.8361
1st Support: 0.8263
1st Resistance: 0.8490
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EURGBP - Look for a long position !!Hello traders!
‼️ This is my perspective on EURGBP.
Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look for a long. I want price to make a retracement to fill the imbalance lower and then to reject from bullish OB + level 0.83000.
Fundamental news: Upcoming week on Wednesday (GMT+2) we will see results of yearly CPI on GBP, news with high impact on currency.
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EURGBP Trading Opportunity! SELL!
My dear friends,
Please, find my technical outlook for EURGBP below:
The price is coiling around a solid key level - 0.8378
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 0.8330
Safe Stop Loss - 0. 8403
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
DeGRAM | EURGBP pullback from the trend lineEURGBP is above the ascending channel between the trend lines.
The price is moving from the dynamic resistance and is now under the 78.6% retracement level.
The chart has formed a harmonic pattern.
We expect a pullback.
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EURGBP - Will the pound continue to fall?The EURGBP currency pair is above the EMA200 and EMA50 in the 4-hour timeframe and is moving in its upward channel. The continued rise of this currency pair towards the supply zone will provide a position to sell it with a suitable risk reward. In case of downward correction, we can buy within the demand zone.
Yesterday, Reeves, the UK Chancellor of the Exchequer, faced questions from Members of Parliament following a significant increase in the sale of UK government bonds. Sir Lindsay Hoyle, the Speaker of the House of Commons, accepted an urgent query raised by Conservative opposition members. This compelled Reeves to appear in Parliament on Thursday morning, as the yield on 10-year UK government bonds surged to 4.93%, the highest level since 2008.
The pound also dropped during this market turmoil, reaching $1.224, its weakest level since November 2023. The rising yields on UK government debt have posed a serious challenge to Reeves’ fiscal plans, constraining the government’s borrowing capacity under its budgetary rules. Borrowing costs have spiked as investors grow increasingly concerned about the government’s heavy borrowing needs and the mounting risk of stagflation.
Jones, a senior official at the UK Treasury, stated that only the Office for Budget Responsibility (OBR) could predict the impact of bond market movements on the fiscal outlook. He emphasized that the government remains committed to strict fiscal rules, ensuring public spending stays within budget limits. He also noted that public services must operate within their allocated resources, dismissing the need for any emergency intervention by the Treasury.
Meanwhile, Breeden, a member of the Bank of England, commented that recent data suggest it may be time to ease restrictive policies.She expressed the need to understand the causes behind the slowdown in economic activity and how employers are coping with higher hiring costs. While economic activity appears somewhat subdued, Breeden added that it is expected to rebound.
According to a Citi/YouGov survey, UK households’ one-year inflation expectations have risen to 3.7%, while their long-term inflation expectations have climbed to 3.9%. Concurrently, the UK Debt Management Office plans to syndicate and reissue the 4.375% 2040 bonds in the week starting January 20. This move aims to finance the government and manage public debt.
Separately, Cipollone of the European Central Bank remarked that monetary policy should enable the Eurozone economy to operate at full capacity while avoiding demand reductions that could trigger inflationary shocks. He highlighted structural issues in Europe’s industrial sector, including declining productivity relative to the US and excessive reliance on foreign technological solutions. Cipollone further noted that Europe has lost its edge in innovation and scalability due to fragmented markets and a defensive, nationalist approach.
EURGBP: Top-Down Analysis & Bullish OutlookEURGBP successfully adhered to a previously broken significant horizontal resistance level. Following its bullish breakout, a highlighted blue region turned into a support zone.
Testing the broken structure, the market established an inverted head and shoulders pattern on a 30-minute timeframe, signaling a short-term bullish indication.
It is anticipated that there will be a pullback, reaching a minimum of 0.8392 and potentially extending to 0.8410.