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GBPEUR trade ideas

The Day Ahead 25th Feb ‘25 February Tuesday 25 Data: US February Conference Board consumer confidence index, Richmond Fed manufacturing index, business conditions, Dallas Fed services activity, Philadelphia Fed non-manufacturing activity, December FHFA house price index, Q4 house price purchase index, Germany Q4 GDP detail, EU27 January new car registrations Central banks: Fed's Logan, Barr and Barkin speak, ECB's Schnabel and Nagel speak, BoE's Pill speaks Earnings: Home Depot, Intuit, Workday, Coupang, ASM Auctions: US 5-yr Notes This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
EURGBP INTRADAY consolidation around 0.8300The EURGBP currency pair price action sentiment appears bearish, supported by the longer-term prevailing downtrend. The key trading level is at 0.8320. An oversold rally from the current levels and a bearish rejection from the 0.8320 level could target the downside support at 0.8260 followed by the 0.8250 and 0.8220 levels over the longer timeframe. Alternatively, a confirmed breakout above the 0.8320 resistance and a daily close above that level could trigger further rallies higher and a retest of the 0.8350 resistance level followed by 0.8367. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
EUR/GBP: Key Support Test Amid Bearish PressureThe analysis of EUR/GBP as of February 24, 2025, presents an interesting technical outlook. The price is testing a key support area around 0.8297 after a modest recovery from the 0.8271 lows. The current setup suggests a potential reaction in this zone, with the possibility of a technical rebound towards higher levels or a more significant bearish breakdown. From a technical perspective, several key areas stand out: the upper resistance in the 0.8440-0.8460 range represents a critical level for a bullish recovery, while the lower support around 0.8265-0.8240 could act as a catalyst for further downside momentum if broken. Moving average analysis indicates persistent bearish pressure, with both the 50 and 200-period moving averages sloping downward. This reinforces the idea that, despite recent rebounds, the dominant trend remains bearish in the medium term. From a macroeconomic standpoint, expectations regarding the UK and Eurozone economic outlook are shaping the pair's direction. UK inflation is showing signs of recovery, providing some support for the pound, but uncertainties related to economic growth and Bank of England policies could hinder a sustained strengthening of the British currency. On the other hand, the Eurozone is facing challenges linked to growth stagnation, and the ECB may maintain an accommodative policy to stimulate the economy. These factors create an unstable balance that could lead to heightened volatility in the coming days. Technical forecasts suggest two possible scenarios: a temporary rebound towards 0.8340-0.8360 before another test of the lows or a direct break below 0.8265, which could open the door for a decline towards 0.8240-0.8220.
Short
by Forex48_TradingAcademy
1
EURGBP Short SetupEURGBP Analysis The EUR/GBP pair is exhibiting a bearish trend on the higher time frames, which is favorable for our analysis. The market has formed a series of lower highs and lower lows, confirming the downward momentum. Currently, the price is testing a strong resistance level that has been retested, presenting a critical juncture. At this point, it is prudent to adopt a wait-and-see approach to observe how the market interacts with this level. A break above the resistance could invalidate our bearish setup, while a rejection and consolidation below this level would reinforce the likelihood of the bearish trend continuing. We will monitor the market's behavior closely. I hope you all had a profitable trading week, and I wish you a pleasant and restful weekend ahead. Cheers!
Short
by sirkamal
1
$EURGBP Bearish Breakdown or Bullish Reversal in the Making?PEPPERSTONE:EURGBP The pair is showing signs of weakness, with price action flirting with a potential break below 0.8265. If this level gives way , the pair could retest mid-December lows and the weekly fractal support at 0.8222. We may see the formation of a bullish Crab pattern, projecting a reaction near 0.8237, just above key support. Should this harmonic setup play out, a bullish rebound could target the previous support at 0.8291, now acting as resistance after the recent fractal formation. 📌 Key Levels to Watch: 🔻 Break below 0.8265 could open the door to further downside. 🦀 Potential Bullish Crab pattern forming near 0.8237. 📈 Upside reaction could aim for 0.8291 (previous support turned resistance). ⚠️ Confirmation required—price action at these key levels will be critical. 📢 Final Note: At this stage, I remain neutral on PEPPERSTONE:EURGBP A confirmed break below 0.8265 could shift the bias to bearish, while the formation of the bullish Crab pattern should be monitored with caution.🚦 Happy Trading, André cardoso Risk Warning: Trading financial assets carries a high level of risk and may result in the loss of all your capital. Make sure to fully understand the risks involved before you start trading and carefully consider your investment objectives, level of experience, and risk tolerance. The data and information provided in this content do not constitute financial or investment advice and should not be considered as such. Only invest what you can afford to lose, and be aware of the risks associated with trading financial assets.
by Andre_Cardoso
The Day Ahead 21st Feb '25 Friday February 21 Data: US, UK, Japan, Germany, France and the Eurozone February PMIs, US January existing home sales, UK February GfK consumer confidence, January public finances, retail sales, France February manufacturing confidence, Canada December retail sales Central banks: Fed's Jefferson speaks, ECB's Lane speaks Earnings: Air Liquide, Sika, Standard Chartered This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
EUR/GBP "The Chunnel" Forex Market Bearish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟 Dear Money Makers & Robbers, 🤑 💰🐱‍👤🐱‍🏍 Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the EUR/NZD "Euro vs Kiwi" Forex Market. Please adhere to the strategy I've outlined in the chart, which emphasizes short entry. Our aim is the high-risk Green Zone. Risky level, oversold market, consolidation, trend reversal, trap at the level where traders and bullish robbers are stronger. 🏆💸Book Profits Be wealthy and safe trade.💪🏆🎉 Entry 📈 : The heist is on! Wait for the breakout of (0.82650) then make your move - Bearish profits await!" however I advise placing Sell stop below the support line or Sell limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in swing/retest. I highly recommend to use alert in your trading platform. Stop Loss 🛑: Thief SL placed at 1.83000 (swing Trade Basis) Using the 4H period, the recent / swing high or low level. SL is based on your risk of the trade, lot size and how many multiple orders you have to take. Target 🎯: 0.81950 (or) Escape Before the Target 🧲Scalpers, take note 👀 : only scalp on the Short side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. 📰🗞️Fundamental, Macro, COT, Sentimental Outlook: The EUR/GBP "The Chunnel" Forex Market is currently experiencing a Bearish trend., driven by several key factors. ⚖️Fundamental Analysis - The European Central Bank's (ECB) monetary policy decisions significantly impact the EUR/GBP exchange rate. The ECB's interest rate decisions influence the euro's value relative to the pound. - The UK's economic performance, including GDP growth, inflation, and employment rates, also affects the exchange rate. - Political developments, such as Brexit negotiations and EU-UK trade agreements, can create market volatility and impact the EUR/GBP exchange rate. ⚖️Macro Economics - Inflation Rates: The ECB's inflation target is below, but close to, 2%. The UK's inflation rate has been above the Bank of England's 2% target. These differences can influence the exchange rate. - Interest Rates: The ECB's interest rates are currently lower than the Bank of England's rates. This difference can impact the exchange rate. - GDP Growth: The EU's GDP growth has been slower than the UK's in recent years. This difference can influence the exchange rate. ⚖️COT Data - Commitment of Traders (COT): The COT report shows that large speculators, such as hedge funds and institutional investors, are currently net short on the euro. This suggests that they expect the euro to weaken against the pound. - Non-Commercial Traders: Non-commercial traders, such as individual investors and hedge funds, are currently net long on the euro. This suggests that they expect the euro to strengthen against the pound. ⚖️Market Sentimental Analysis - Market Sentiment: The market sentiment for EUR/GBP is currently bearish, with many analysts expecting the euro to weaken against the pound. - Positioning: Many traders and investors are currently short on the euro, expecting it to weaken against the pound. ⚖️Trader Positions - Institutional Traders: 55% short, 45% long - Retail Traders: 58% short, 42% long - Hedge Funds: 60% short, 40% long - Commercial Traders: 52% short, 48% long - Banks: 50% short, 50% long ⚖️Next Trend Move - Based on the current market sentiment and positioning, the next trend move for EUR/GBP is likely to be downward, with the euro weakening against the pound. - However, it's essential to keep in mind that market trends can change rapidly, and unexpected events can impact the exchange rate. ⚖️Quantitative Analysis - Moving Averages: The 50-day moving average is currently above the 200-day moving average, indicating a bullish trend. However, the short-term moving averages (10-day and 20-day) are below the longer-term moving averages, indicating a bearish trend. - Relative Strength Index (RSI): The RSI is currently at 40, indicating that the market is oversold and due for a bounce. - Bollinger Bands: The Bollinger Bands are currently widening, indicating increased volatility. ⚖️Intermarket Analysis - Correlation with Other Markets: EUR/GBP is currently positively correlated with the EUR/USD and negatively correlated with the GBP/USD. - Impact of Other Markets: The EUR/GBP exchange rate is likely to be impacted by the performance of the US dollar, as well as the relative economic performance of the EU and UK. - Commodity Prices: Changes in commodity prices, such as oil and gold, can also impact the EUR/GBP exchange rate. ⚖️Overall Summary Outlook The EUR/GBP exchange rate is expected to decline in the short-term, driven by the bearish market sentiment and positioning. The euro's weakness against the pound is likely to continue, with a potential target of 0.8200. However, any unexpected positive developments in the EU or negative developments in the UK could lead to a reversal of the trend. Traders and investors should remain cautious and monitor market developments closely. ⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏 As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions, we recommend the following: Avoid taking new trades during news releases Use trailing stop-loss orders to protect your running positions and lock in profits 📌Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions. 📌Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly. 💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🤑🐱‍👤🤗🤩
Short
by Thief_Trader