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British Pound / Euro

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GBPEUR trade ideas

EURGBP in accumulation Phase, getting ready for a swing upwardThe big players are now in accumulation phase, where they are picking up the liquidity at the bottom of the range (as drawn above). We will be accumulating the positions along with them during this time, getting in at the bottom. This phase is expected to last for another half day to a full day. Then, we ride the pair to our profit target, and thank our driver, as we are a hitch hiker on their big move.
Long
by SAILBOATEVANMOSERS
Weekly Analysis - EUR/GBP"On Monthly: Last month November, it made a Bearish Engulfing Candle and break through S. 0.83400. For December, it made a Doja so far and it seems there is a weak Bullish divergence compare to RSI. EMAs are split, 200 shows Bullish while 20 & 50 are Bearish. -- On Weekly: The Bearish move seems is strong and continues. All Three EMA, 200, 50 and 20 are above the price. However, it is inching towards 52 Weeks Low (Yellow Dotted line) after S. 0.82900. However, 0.82900 is a Psychological and Historical number as well as 52WL. --On Daily: It doesn't give much more data than what we know from Monthly and Weekly. All three EMA 200, 50, and 20 are above the price. However, you can still see the sign of reversal as it created a Hammer candle formation at a very strong Support 0.82900. -- On Hourly: Price is bouncing around 0.82900. Because at the higher time frame we have noticed a Bullish Divergence, price will go up, but not significantly. Perhaps around the neck of Double Top formation (Blue) and nose down back to Daily trendline. "
Short
by Ha-Lion
EURGBP - The weakness of the euro will end!?The EURGBP currency pair is below the EMA200 and EMA50 in the 4H timeframe and is moving in its descending channel. In case of breaking the resistance area, we can see the supply zone and resell in that zone with appropriate risk reward. A valid break of the drawn support area will provide us with the downward path of this currency pair to the level of 0.82400. Following Donald Trump’s victory in the U.S. presidential election, the euro experienced a sharp decline. This drop was attributed to market reactions to the possibility of aggressive policies in areas such as trade, immigration, and finance.Past experiences have shown that such policies can significantly impact exchange rates. It is anticipated that the U.S. tariff measures expected in early 2025 will play a crucial role in shaping the direction of exchange rates. The euro, particularly due to Europe’s significant trade surplus with the U.S., is highly vulnerable to these measures. According to statistics, the U.S. trade deficit with the eurozone increased from $158 billion in 2019 to $196 billion by September 2024. This development could serve as motivation for U.S. policymakers to apply further pressure. Another factor that might weaken the euro is the poor performance of eurozone countries in meeting NATO’s defense spending targets. Out of the eight countries that remain below the 2% defense spending threshold, seven are in the eurozone. This could provide Trump’s administration with justification for adopting stricter trade measures. JP Morgan has forecasted that the European Central Bank (ECB) will cut interest rates by 50 basis points during its December 12 meeting. While the market assigns only a 20% probability to this reduction, JP Morgan believes that such a cut would not suffice to bolster the economy. Data indicates that the preliminary estimate for overall consumer inflation dropped from 2.8% to 2.7%, while core inflation rose from 2% to 2.3%. Villeroy, a member of the ECB, dismissed these changes as insignificant. In his speech, he stated: “We have good news; inflation is decreasing and moving toward our target. Therefore, it is likely that we can continue reducing interest rates.” He added, “We are confident in our projections and expect to achieve our inflation target, possibly in the first half of next year.” Christine Lagarde, President of the ECB, in an article for The Economist, discussed how Europe’s savings can be transformed into investments, innovation, and growth. She highlighted that Europe faces numerous economic challenges and that directing savings toward productive investments is essential to stimulate growth. Lagarde emphasized the need for a strong capital markets union in Europe to better allocate financial resources and improve access to capital for innovative companies. She also stressed the importance of structural reforms to enhance the business environment and encourage entrepreneurship. She pointed to the role of coordinated fiscal and monetary policies in supporting sustainable and innovative investments and underscored the importance of cooperation among EU member states in achieving these objectives. Additionally, she called for the establishment of a stable and predictable legal and regulatory framework to boost investor confidence and drive economic growth. A recent Cluster17 survey revealed that around 54% of French citizens want President Emmanuel Macron to resign and for early presidential elections to be held in 2025. The survey also showed strong public polarization regarding the collapse of the Barnier government, highlighting the inability of political parties to unite voters. Political analyst Stéphane Fournier noted that these results increase pressure on Macron to appoint a new prime minister. The findings also reflect public dissatisfaction with the current political situation and the failure of parties to provide effective solutions to the ongoing crisis. According to a recent Reuters survey of economists, 73 out of 75 economists predict that the ECB will cut the deposit rate by 0.25% during its December meeting. Two others anticipate a 0.5% cut. Moreover, 51 out of 67 economists expect the ECB to reduce the deposit rate to 2% or lower by the end of 2025. Notably, in a November survey, 43 out of 63 economists made the same prediction.
Short
by Ali_PSND
Potential bearish reversal?EUR/GBP is rising towards the pivot which has been identified as an overlap resistance and could drop tot he pullback support. Pivot: 0.8310 1st Support: 0.8267 1st Resistance: 0.8328 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
EURGBP may enter into bullish phaseEURGBP may enter into bullish phase In December 2024, EUR/GBP is poised for a bullish trend, driven by a combination of factors. Seasonally, the euro typically outperforms the pound until the third week of December, which aligns with the COT report showing non-commercial positions heavily favoring EUR over GBP. Endogenous factors reveal a slightly stronger outlook for the euro, with less negative sentiment compared to the pound, despite mixed fundamentals like weak ISM and CPI scores. Exogenous factors suggest a neutral to slightly bearish backdrop for EUR/GBP, but seasonal strength and positioning trends likely counteract this. Upcoming events, such as the ECB's monetary policy decisions and eurozone PMI/GDP data, may reinforce EUR's strength if they signal resilience or hawkishness. Conversely, the pound faces potential pressure from weak UK CPI and Retail Sales data, along with dovish BoE commentary. Overall, the early to mid-December period presents a strong bullish case for EUR/GBP, but caution is warranted in the final weeks as seasonal momentum fades.
Long
by ammadbashir14
TradeCityPro | EURGBP : Testing Weekly Range Support👋 Welcome to TradeCity Pro! In this analysis, I’ll review the EURGBP forex pair, focusing on the daily timeframe. 📅 Daily Timeframe: Downtrend Near Weekly Support The pair has been in a downward trend accompanied by deep retracements. Currently, it is moving along a descending trendline and has reached the 0.82711 support level. 🔍 The 0.82711 level represents the bottom of a weekly range that has been in place since 2020. At present, the price is oscillating near this crucial support. ✨ If the 40.17 level in RSI is broken, bearish momentum will increase, raising the probability of breaking the 0.82711 support. In such a case, the next support would be at 0.80934. 📈 If the price holds at this zone, the first long trigger is at 0.83901. However, this is considered a risky trigger. Personally, I prefer waiting for a higher low above this level to confirm a trend reversal. 🔼 The next long trigger is a breakout above 0.85129, which is a more reliable signal. The subsequent resistances are at 0.86142 and 0.87442. 🔑In my opinion, the price is likely to move upward from here as it has reached the bottom of a 4-year range, and market momentum is declining. For now, I anticipate the price will find support at this level and may attempt to break the range in the future. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long
by tradecitypro
1
Bearish drop?EUR?GBP is rising towards the resistance level which is an overlap resistance that aligns with the 38.2% Fibonacci retracement and could drop from this level to our take profit. Entry: 0.8307 Why we like it: There is an overlap resistance level that aligns with the 38.2% Fibonacci retracement. Stop loss: 0.8330 Why we like it: There is an overlap resistance level that aligns with the 61.8% Fibonacci retracement. Take profit: 0.8260 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Short
by VantageMarkets
EURGBP What Next? BUY! My dear friends, Please, find my technical outlook for EURGBP below: The instrument tests an important psychological level 0.8276 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 0.8316 Recommended Stop Loss - 0.8251 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
EURGBP Will Go Up From Support! Buy! Here is our detailed technical review for EURGBP. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 0.827. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.830 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1