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GBPEUR trade ideas

EUR/GBP Bullish Analysis and Trade Idea The EUR/GBP is showing promising signs of a bullish move on the 4-hour chart. Currently trading around 0.84500 GBP, the pair is positioned within a strong support and demand zone, suggesting potential upward momentum. Technical Indicators: Order Block (OB) on Daily Chart: Located around 0.85050, indicating significant institutional interest. 0.886 Fibonacci Retracement, aligns with the OB zone around 0.85000, highlighting a strong resistance area. Demand & High Support: Price has historically reacted bullishly between 0.84350 and 0.84450.(Could mean we are going for 2 nice bullish weeks) Buy Side Liquidity (BSL): Positioned just above 0.84700, suggesting potential liquidity for a bullish move. ( Another +20 pips push into the OB And Fibonacci Retracement ) Analysis: The pair is consolidating above a strong support zone, with historical demand suggesting potential bullish movement. The alignment of the OB zone and the 0.886 Fibonacci retracement level around 0.85000 indicates a critical resistance area. If the price breaks above this, it could trigger further upside. (But this is were you would take profit) Conclusion: With the current technical setup, EUR/GBP presents a favorable Buy trade opportunity from the support zone towards the 0.85000 - 0.85200 resistance area. Apply appropriate risk management.
Long
by LiquidTradeFX
EUR/GBP rate fluctuates under the influence of political factorsThe EUR/GBP rate fluctuates under the influence of political factors On 10th June, we wrote that the EUR/GBP rate fell to a 21-month low after the European Parliament elections. Political fundamental factors continue to influence this pair. As Reuters reports: → The euro is down on Monday amid unexpectedly strong results for the left-wing forces in the French elections, which has created new uncertainty regarding the country’s financial outlook. → The pound sterling has risen to a 3.5-week high against the US dollar, as the British currency strengthens following the Labour Party’s decisive victory in last week’s elections, ending 14 years of Conservative rule. Therefore, it is not surprising that a bearish gap formed on the EUR/GBP chart at the start of the week – however, bulls managed to recoup the decline during the Asian session. How will events unfold from here? According to the technical analysis of EUR/GBP today: → In terms of price dynamics since spring 2023, the market is in a downtrend (as indicated by the red channel); → In the aforementioned post from 10 June, we wrote that the 0.85-0.853 zone might provide significant resistance. Indeed, this was confirmed on the first day of July, when the price turned downwards from the 0.85 level (as indicated by the arrow). If political developments do not alter the months-long dominance of the bears, the formation shown by the yellow lines could become an intermediate consolidation zone before the EUR/GBP price continues its downward trend. Trade over 50 forex markets 24 hours a day with FXOpen. Take advantage of low commissions, deep liquidity, and spreads from 0.0 pips. Open your FXOpen account now or learn more about trading forex with FXOpen. 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
EURGBP Will Move Lower! Sell! Here is our detailed technical review for EURGBP. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 0.845. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.843 level. 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!
Short
by SignalProvider
1
EURGBP ANALYSIS 2.0 🚀 Trade Alert: EUR/GBP Bullish Reversal ABCD Pattern 🚀 We have identified a bullish setup in EUR/GBP, characterized by the following: ABCD Pattern: EUR/GBP has formed a bullish reversal ABCD pattern and reversed from the Potential Reversal Zone (PRZ). Higher Highs and Higher Lows: The pair is currently forming Higher Highs (HH) and Higher Lows (HL), indicating a strong uptrend. Bullish Divergence: Confirming the bullish sentiment. Entry Point: Buy: At the current market price (CMP) Target Prices (TP): TP 1: TP 2: Stop Loss (SL): SL: to manage risk Trade Summary: Buy: At CMP TP 1: TP 2: SL: Trade Type: Long Swing 🎢 Good Luck! 🍀 Stay informed and trade smart! 📊
Long
by Earn_withHassaan
Euro-Sterling Analysis Post-UK Election: Bear Trend ContinuesWe are analysing the euro-sterling daily chart following the UK election. Before the election, the market had broken down from a one-year range. Since the election, the chart has returned to the breakdown point, testing the previous low of 0.8498 from February. The market failed to surpass this level again. This indicates a return to the breakdown point within the previous range, reinforcing resistance at this level and suggesting that the bear trend continues. The initial target is the mid-June low of 0.8397, followed by the December 2019 low of 0.8275. #ForexAnalysis #EuroSterling #ForexTrading #UKElection #TechnicalAnalysis #BearMarket #TradingStrategy Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
Short
by The_STA