BEARISH ON THE EUROI've taken a short position on EG, prior to PMI data being released over the next few hours.
Yesterday, I managed to get nice sells on this with the technicals provided, to the "weak low" as you see on the chart. Looking this morning, I expect this trend to continue and dont see a bullish angle on this pair yet until we see a deeper retracement - which is what Im involved in currently.
Fundamentally, Services PMIs tend to matter more for the UK, which is heavily services driven (80% of GDP), with manufacturing PMIs mattering more for Germany, the EU’s engine.
BoE - Slower to commit to cuts due to persistant wage growth and services inflation.
ECB - They are much more dovish in recent statements. Core inflation has been easing, and rate cuts are on the table as early as Q2/Q3.
GBPEUR trade ideas
EURGBP INTRADAY supported at 0.8520EUR/GBP maintains a bullish bias, supported by the prevailing upward trend. Recent intraday movement indicates a corrective pullback toward a key consolidation zone, offering a potential setup for trend continuation.
Key Support Level: 0.8525 – previous consolidation range and pivotal support
Upside Targets:
0.8736 – initial resistance
0.8787 and 0.8900 – extended bullish targets on higher timeframes
A bullish reversal from 0.8525 would suggest continuation of the uptrend, confirming buying momentum.
However, a decisive break and daily close below 0.8525 would invalidate the bullish structure, opening the door for further retracement toward 0.8460, with additional support at 0.8370 and 0.8300.
Conclusion
EUR/GBP remains bullish above 0.8525. A bounce from this level supports further gains. Traders should watch for confirmation signals before positioning for the next move.
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.
The Day Ahead Tuesday 22 April - Macro Data to Watch
US
Philadelphia Fed (non-manufacturing) – Insight into regional services sector strength.
Richmond Fed Index – Regional manufacturing pulse; can affect rate expectations.
Business Conditions – Sentiment read, relevant for short-term economic momentum.
Eurozone
Consumer Confidence (April) – A leading indicator for consumer spending.
Debt-to-GDP (2024) – Helps assess fiscal sustainability/risk premium.
Canada
March Industrial Product Price Index & Raw Materials Price Index – Key inflation inputs, may influence BoC policy outlook.
Central Bank Speakers (Potential Market Movers)
Fed
Jefferson, Kashkari, Harker – Watch for any guidance on rate cuts/timing.
ECB
Knot speaks; ECB’s Survey of Professional Forecasters also out – Insight into inflation/monetary policy expectations.
Earnings (Market Impact: High)
Big Names Reporting:
Tesla – Retail/institutional focus; moves broad market + sentiment.
SAP – Tech/enterprise software sector read.
GE, RTX, Lockheed Martin, Northrop Grumman – Defense/industrial tone-setters.
Verizon, Intuitive Surgical, Danaher, Chubb – Broad sector coverage; healthcare, telecom, insurance.
Elevance Health, MSCI, Moody's, Equifax – Key reads on health insurers, financials, and credit conditions.
Enphase Energy, EQT, Baker Hughes – Energy sector sentiment, especially in renewables/oil services.
US Treasury Auctions
2-Year Note Auction – Short-end yield focus; critical for curve shape and rate expectations.
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.
EURGBP SHORT FORECAST Q2 W17 D3 Y25EURGBP SHORT FORECAST Q2 W17 D23 Y25
Summary
- Weekly Orderblock
- 15' Orderblock
Requirements
- Setup A) Await 15' breaks of structure - Pull back short from created 15' order block
- Setup B) Lowertime frame break of structure via current available 15' order block
- Setup C) Break and retest via 15' order block created upon the break of structure.
🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies.
📈The rest, we leave to the balance of probabilities.
💡Fail to plan. Plan to fail.
🏆It has always been that simple.
❤️Good luck with your trading journey, I shall see you at the very top.
🎯Trade consistent, FRGNT X
Death of the POPE and Economic Impact
Hi, I'm trader Andrea Russo and today I want to talk to you about an event that has deeply shaken the world: the death of Pope Francis.
Pope Francis, born Jorge Mario Bergoglio, was the first Latin American pontiff and the first Jesuit to hold the role of Pope. Born in Buenos Aires in 1936, he dedicated his life to serving the Church and those most in need. His pontificate, which began in 2013, was characterized by a strong commitment to social justice, peace and environmental protection. He has always tried to bring the Church closer to the faithful, promoting a message of love, humility and inclusion.
The death of Pope Francis, which occurred on April 21, 2025, left a huge void not only in the Catholic Church, but also in the hearts of millions of people around the world. His charismatic figure and his commitment to human rights and social justice have had a significant impact on many aspects of global society.
Pope Francis has been a spiritual leader who has been able to speak to the hearts of people, regardless of their faith. He has addressed complex issues such as the refugee crisis, climate change and global poverty, always seeking solutions that promote human dignity and solidarity. His encyclical "Laudato si'" has been an urgent call to the international community to take care of our common home, planet Earth.
Now, let's analyze how the death of Pope Francis could affect the stock market and forex. The passing of such an influential figure can generate uncertainty and volatility in the financial markets. Investors may react with caution, waiting to see how the Church will manage the transition and who will be the next Pope. In addition, the Jubilee of 2025, which is underway, could undergo organizational changes, affecting tourism and the economy of Rome.
In the short term, there may be some instability in the markets, with fluctuations in the values of currencies and stocks linked to sectors influenced by the Catholic Church. However, in the long term, stability could be restored once the new Pope is elected and the Jubilee celebrations continue.
The death of Pope Francis could also have repercussions on the bond market. Investors could seek refuge in safer assets, such as government bonds, increasing demand and influencing yields. In addition, companies operating in the religious tourism sector could see a temporary drop in bookings, impacting their profits.
Let's now analyze the currency pairs that could be affected by this event:
EUR/USD: The euro/dollar pair could see increased volatility, especially considering the importance of the Vatican and Rome in the European economy. Uncertainties related to the Jubilee and religious celebrations could affect the value of the euro.
EUR/GBP: The euro/pound pair could also be affected, as many pilgrims and tourists from the UK could change their travel plans, affecting the flow of capital between the two regions.
USD/JPY: The dollar/yen pair could see significant movements, as Japanese investors tend to seek refuge in safe assets such as the US dollar in times of global uncertainty.
EUR/CHF: The euro/Swiss franc pair could be affected by European investors' search for stability. The Swiss franc is often considered a safe haven in times of volatility.
Another crucial aspect will be the day of the election of the new Pope. The Conclave, which will take place between May 6 and 11, 2025, represents a moment of great expectation and hope for millions of faithful around the world. During this period, the cardinal electors will gather in the Sistine Chapel to vote for the successor of Pope Francis. The white smoke, announcing the election of the new Pope, will be a sign of stability and continuity for the Catholic Church.
On the day of the election, there is likely to be increased volatility in financial markets. Investors may react quickly to the news, trying to anticipate the economic and political implications of the new pontificate. Currencies and stocks linked to sectors influenced by the Catholic Church could see significant movements, with possible trading opportunities for those who are able to correctly interpret the market dynamics.
In conclusion, the death of Pope Francis is a major event that will have not only spiritual and social repercussions, but also economic ones. Investors should carefully monitor the developments and adapt their strategies based on the new dynamics that will emerge.
EURGBP SHORT FORECAST Q2 W17 D22 Y25EURGBP SHORT FORECAST Q2 W17 D22 Y25
Summary
- Weekly Orderblock
- 15' Orderblock
Requirements
- Setup A) Await 15' breaks of structure - Pull back short from created 15' order block
- Setup B) Lowertime frame break of structure via current available 15' order block
FRGNT X
IG - JCFRGNT
EURGBP Daily, H4,H1 Forecasts, Technical Analysis & Trading IdeaMidterm forecast:
0.84290 is a major support, while this level is not broken, the Midterm wave will be uptrend.
We will close our open trades, if the Midterm level 0.84290 is broken.
OANDA:EURGBP
Technical analysis:
A trough is formed in daily chart at 0.83220 on 04/03/2025, so more gains to resistance(s) 0.86175, 0.86923, 0.87647 and more heights is expected.
__________________________________________________________________
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Be sure to leave a comment; let us know how you see this opportunity and forecast.
Have a successful week,
ForecastCity Support Team
EURGBP: Gap is Going to Be Filled! 🇪🇺🇬🇧
I see a nice gap up opening on EURGBP.
After a strong up movement, the pair finally
leaves strong bearish clues.
I see a bearish breakout of a neckline of a head & shoulders pattern
on an hourly time frame after a test of a key intraday resistance.
It looks to me that the price is going to drop and fill the gap.
Goals: 0.8582 / 0.8567
❤️Please, support my work with like, thank you!❤️
I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
EUR/GBP BEARS ARE GAINING STRENGTH|SHORT
EUR/GBP SIGNAL
Trade Direction: short
Entry Level: 0.860
Target Level: 0.843
Stop Loss: 0.872
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1D
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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EUR-GBP BEAR CONTINUATION Greetings everyone, this pair is showing signs of a nice bear trend for the coming week ahead. I'm looking to add a short position if we can get a pullback into the resistance zone and show failure. I would keep my eye on this one for continuation to the down side for more profit potential.
EURGBP | A Shift in Market Dynamics: GBP to Gain StrengthThe current environment, driven by increasing uncertainty in the dollar, presents a unique opportunity in the EURGBP trading pair. With the Eurozone having lowered interest rates, the euro has gained value somewhat unnecessarily, largely in response to some of the illogical market moves we've seen from the Trump era. However, as the volatility from such unpredictable actions settles down, the British pound (GBP) will likely make a comeback.
📉 Euro's Overvaluation and GBP's Stability
While the Euro has benefited from these external factors, its recent strength is arguably not reflective of the underlying economic realities. On the other hand, the British pound has maintained stability with consistent interest rates. This relative calmness has allowed GBP to gain strength against the euro over time.
📈 GBP Will Play Catch-Up
As we move forward, the GBP is poised to compensate for its recent underperformance. The Bank of England's steady approach to interest rates will provide a solid foundation for the pound to regain lost ground. In contrast, the euro may struggle to sustain its current levels, particularly with the potential risks surrounding further economic policies in the Eurozone.
🔍 Trade Strategy for EURGBP
As a trader, I see EURGBP as a clear short opportunity, with the pound likely to outperform the euro in the near-term. Patience is key here, as waiting for the right technical setup, especially on the lower timeframes, will allow you to enter with confirmation.
💡 Why This Matters
The shifts in these two economies — one facing potential fallout from low rates and the other benefiting from a more stable policy environment — create an optimal setup for taking advantage of currency movements. Just as in any trade, follow the clear path where value has been mispriced and capitalize on that gap.
Stay informed and be ready to act when these market conditions play out — because this opportunity might not last long.
📌I keep my charts clean and simple because I believe clarity leads to better decisions.
📌My approach is built on years of experience and a solid track record. I don’t claim to know it all but I’m confident in my ability to spot high-probability setups.
📌If you would like to learn how to use the heatmap, cumulative volume delta and volume footprint techniques that I use below to determine very accurate demand regions, you can send me a private message. I help anyone who wants it completely free of charge.
🔑I have a long list of my proven technique below:
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📈 BTCUSDT.P: Two Key Demand Zones
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🐢 TURBOUSDT: Buy Zones and Buyer Presence
🌍 ICPUSDT.P: Massive Upside Potential | Check the Trade Update For Seeing Results
🟠 IDEXUSDT: Spot Buy Area | %26 Profit if You Trade with MSB
📌 USUALUSDT: Buyers Are Active + %70 Profit in Total
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🐳 QKCUSDT: Sniper Entry +%57 Reaction
📊 BTC.D: Retest of Key Area Highly Likely
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I stopped adding to the list because it's kinda tiring to add 5-10 charts in every move but you can check my profile and see that it goes on..
EURGBP SHORT FORECAST Q2 W16 D18 Y25EURGBP SHORT FORECAST Q2 W16 D18 Y25
Fun Coupon Friday !
SUMMARY
- Trading areas identified
- Long position via 4H order block + weekly wick imbalance fill alignment. 15' breaks of structure required prior. 15' order block to be created post 15' break of structure. B set up.
- Short position via weekly order block 15' order block identified.15' breaks of structure required prior & lower time frame break of structure + turn around in price actions. A Set up
FRGNT X
EURGBPAll major releases from the UK in the last fortnight were at least slightly surprising, with inflation and GDP unexpectedly declining slightly. At the same time, the claimant count change was much better than the consensus. Sentiment remains weak, though, with traders concerned about British public borrowing. This article summarizes recent important news from the UK, then looks briefly at the charts of GBPUSD and EURGBP
EURGBP – Bullish Cypher Harmonic Pattern EURGBP – Bullish Cypher Harmonic Pattern 🟢🌀
✅ Pattern Overview:
Pattern Type: Bullish Cypher Harmonic
Status: Pattern completed or completing at D-point (PRZ)
Timeframe: Typically on 1H / 4H / Daily
Bias: Bullish Reversal expected from PRZ
🧩 Cypher Pattern Structure:
XA: Initial strong bullish leg
AB: Retraces to 38.2%–61.8% of XA
BC: Extends beyond X (typically 1.272–1.414)
CD: Retraces to 78.6% of XC
→ D-point = Potential Buy Zone
📍 Key PRZ Zone: Near 78.6% Fibonacci retracement of XC leg
📈 Trade Plan – LONG Setup
Entry:
Buy at or near the D-point (PRZ) – ideally with confirmation (e.g., bullish divergence, support zone, or price action signal like engulfing candle)
Wait for 1H/4H bullish candle close above local low
Stop-Loss:
Just below the X-point or local swing low
Allow some breathing room for harmonic volatility
Take Profit Levels:
TP1: 38.2% of CD
TP2: 61.8% of CD
TP3: Revisit of B-point zone (optional)
R:R Ratio: Minimum 1:2, ideally more
⚠️ Things to Monitor:
Euro and Pound fundamentals (news/data releases)
Price must respect PRZ zone and show momentum before entry
Confluence with trendline support, order block, or RSI divergence is ideal
EURGBP Flashes Two Bearish Technical Signals Ahead of LagardeEURGBP is giving negative technical signals ahead of the Lagarde's press conferance. After Trump announced new tariffs, the euro surprisingly gained against the pound. The U.S. imposed tariffs twice as large on the EU compared to the UK, with a minimum of 10% on UK goods. Despite this, the pound weakened more than expected. However, this move might prove to be temporary.
The real focus of ECB will be on the outlook. Recent economic data, combined with the added pressure from tariffs, may push the ECB toward further rate cuts later this year.
President Lagarde has been cautious for some time, offering few forward-looking signals. Today, markets will be closely watching for any hint of future easing. If Lagarde sounds more dovish than expected, the euro could come under renewed bearish pressure.
EURGBP has been forming a head and shoulders-like pattern since the start of last week. It may currently be developing the second shoulder, depending on how the price moves today.
A combination of 8–13 hour moving average crosses and RMI sell signals on the 60-minute chart has successfully captured all local tops since April 7. These same signals have appeared again today. If they prove accurate once more, the 0.8525 support level will be key. This level represents the neckline of the potential head and shoulders pattern.
However, if EURGBP moves above 0.8620, the bearish setup would be invalidated.