EURGBP BullishEURGBP has formed a falling wedge reversal pattern signalling a bullish trend reversal. The bullish harmonics pattern also indicates price reversal soon.Longby ruba_hasan96113
EURGBPEURGBP is currently shifting trend to bullish , expecting it to move furtherLongby onlysignals3
Market Analysis: EUR/GBP StrugglesMarket Analysis: EUR/GBP Struggles EUR/GBP declined steadily below the 0.8565 and 0.8550 support levels. Important Takeaways for EUR/GBP Analysis Today EUR/GBP is trading in a bearish zone below the 0.8565 pivot level. There is a connecting bearish trend line forming with resistance near 0.8540 on the hourly chart at FXOpen. EUR/GBP Technical Analysis On the hourly chart of EUR/GBP at FXOpen, the pair started a steady decline from well above 0.8590. The Euro traded below the 0.8565 and 0.8550 support levels against the British Pound. The EUR/GBP chart suggests that the pair even declined below the 0.8540 level and tested 0.8535. It is now consolidating losses and trading below the 50-hour simple moving average. The pair is now facing resistance near a connecting bearish trend line at 0.8540. It is close to the 23.6% Fib retracement level of the downward move from the 0.8588 swing high to the 0.8533 low. The next major resistance could be 0.8550. The 50% Fib retracement level of the downward move from the 0.8588 swing high to the 0.8533 low is also at 0.8550. A close above the 0.8550 level might accelerate gains. In the stated case, the bulls may perhaps aim for a test of 0.8565. Any more gains might send the pair toward the 0.8590 level. Immediate support sits near 0.8535. The next major support is near 0.8510. A downside break below the 0.8510 support might call for more downsides. In the stated case, the pair could drop toward the 0.8480 support level. 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 FXOpen229
EURGBP LONGThis is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify anyLongby akmalsabran90Updated 111
EUR-GBPThe eurgbp pair is getting close to an extremely solid parallel support zone, where there is a good likelihood that it will move in a bullish direction similar to the last one. The price has confirmed my prediction over the past three to four times, and it is now heading toward the same area where there is a greater likelihood of a bullish move. Near the zone, we'll be searching for a reversal candle.Longby Dhareja7
DeGRAM | EURGBP pullback from resistanceEURGBP is moving in an ascending channel between the trend lines. The chart has reached the upper boundary of the channel and the dynamic resistance, and formed descending tops. Previous reaches of the resistance level were accompanied by declines. We expect a pullback to the 38.2% retracement level of the last bullish momentum. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!Shortby DeGRAMUpdated 227
EURGBPEURGBP is in bullish Trend. Bullish divergence also shown in RSI. Printing HH and hL. We wait and watch for the breakout of last HH.Longby Naqash916
✅EUR_GBP LONG FROM SUPPORT🚀 ✅EUR_GBP went down to retest a horizontal support of 0.8530 Which makes me locally bullish biased And I think that a move up From the level is to be expected Towards the target above at 0.8547 LONG🚀 ✅Like and subscribe to never miss a new idea!✅Longby ProSignalsFx224
EURGBP rose uncharacteristically on FridayEUR/GBP rose unusually on Friday as risks of a broader conflict between Israel and Iran eased. In addition, it is seen that inflation will decrease sharply to the target level in the coming months, sending a dovish signal to the market. The bank needs to remain restrained in its policy stance. However, he echoed Ramsden's comments by saying that the committee is seeing signs of a downward shift in the persistent component of inflation dynamics. EUR/GBP appears to have found resistance around 0.8625 and has traded lower after the PMI data, even heading lower than the 200 SMA. A return to former channel resistance is potentially on the cards at 0.8578. Prices settled into the trading range as central bankers mulled incoming data and the prospect of a first rate cut appeared a fair distance away. Longer-term, the ECB is on track to cut rates in June, meaning sterling will extend its interest rate superiority and is likely to see the pair test familiar levels of support.by Xayah_tradingUpdated 2
EURGBP eyes support ahead of UK CPI printEURGBP initially began the year in a fairly well-defined trading range but showed bullish impetus after breaking out of the consolidation pattern. However, bullish momentum appeared lacking, as the pair struggled to maintain a steady directional move and has since shown a penchant towards mean reversion. 0.8635 proved too high to handle for the pair previously but the most recent bullish advance fell short of that, finding resistance around the 200-day simple moving average (SMA) before heading lower. The current spate of selling is showing signs of fatigue as the pair attempts to trade higher after four successive days of losses. The pair could find itself propped up by trendline support, which caught the bottoms in April and earlier on in May. Keep an eye out for UK CPI tomorrow where there is an expectation of a notable move lower from the prior month. With such optimism, comes the potential for disappointment if the actual data fails to reach the low levels anticipated which may see sterling lift in the moments after the print. April data has the potential to surprise to the upside as this is the month when annual price rises and index-linked increases are implemented. On the other side of the equation, if the CPI data prints inline or lower than consensus estimates, EURGBP may rise off support as markets clear the way for a Bank of England cut sooner rather than later. by Xayah_trading4
check the trend Considering that the support range has been broken, it is expected that the downward trend will start in the long term. If the price crosses the support range, the downward trend will continueby STPFOREX2
EURGBPThe EUR/GBP is setting up for a good reversal as we have an inverted head and shoulder pattern technical setup. But what makes this setup so appealing at the moment is the market is very bearish in the Eurozone and more bullish (relatively) the UK economy (as a whole). Rightfully so as the Eurozone faces a lot of growth issues and disinflationary pressure, while the UK prospects look a little better. However, this is very well known, and the market has discounted this from the end of 2023 and the beginning of 2024, and one of the reasons we have consolidated lower since the middle of January. However, what if things change? How about UK inflation pressures continue to subside? Or perhaps the UK stumbles upon some political risks? "Please note that the information provided here is for educational and informational purposes only and should not be considered trading or financial advice. Always conduct your own research and consult with a professional financial advisor before making any investment decisions." Longby KhalilKarimii2
EURGBP - Trend Reversal Round the CornerSince May 14, 2024, the EUR/GBP pair has been in a downtrend, but recent technical indicators suggest a potential reversal. The price has formed a bullish divergence at a key support level on the daily trendline, accompanied by a double bottom pattern and the completion of an ABCD harmonic pattern with divergence at point D. This confluence of bullish signals—bullish divergence, double bottom, and ABCD pattern completion—indicates a high probability of a trend reversal. If the price breaks above the critical resistance level of 0.85498, it would confirm the bullish reversal and signal that bulls are gaining control of the market. Traders should monitor this level closely for confirmation.Longby AnalytixEdgeByQasimUpdated 3
EURGBP On The Rise! BUY! My dear friends, My technical analysis for EURGBP is below: The market is trading on 0.8543 pivot level. Bias -Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 0.8564 Recommended Stop Loss - 0.8528 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. ——————————— WISH YOU ALL LUCK Longby AnabelSignals112
EURGBPlong-term swing trade call daily timeframe EURGBP is in bullish channel testing the lower bottom near month low bullish diversion fundamental analysis Buy sentimental analysis Buy technical analysis BUY TRADE DETAILS BUY CALL ENTRY 0.8547 STOPLOSS 0.8527 TP1 0.8576 TP2 0.8600Longby drsajidawan4
EUR-GBP Will Go UP! Buy! Hello,Traders! EUR-GBP went down And has reached a Rising support line from Where we are already Seeing a bullish rebound And I think that we will See a further move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!Longby TopTradingSignals114
EURGBP ShortOANDA:EURGBP The pair has made a substantial retracement and formed a bearish divergence, which brings an opportunity to sell the pair targeting the major support line. Shortby FX_CouchPotatoUpdated 12
EUR/GBP Day Trading Analysis 📋On EUR/GBP it's nice to see a strong sell-off from the price of 0.85760. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated. I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again. The downtrend combined with the strong volume area are my main reasons for this short trade. Happy trading, Daleby Trader_Dale3
EURGBP: Bullish Continuation & Long Trade EURGBP - Classic bullish formation - Our team expects growth SUGGESTED TRADE: Swing Trade Buy EURGBP Entry Level - 0.8552 Sl - 0.8534 Tp - 0.8580 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️ Longby UnitedSignals112
EURGBP Buyers wait for 0.84000 AreaDear Traders, EURGBP now in Falling Wedge , and i except price continue downward to 0.84000-0.84600 Area, I Specified 2 boxes , 1- BOX 1 : Normal Risk (Blue Box) 2- BOX 2 : very Low risk -Safe , (Red box) TP 1 : 0.86500 TP 2 : 0.87500 TP 3 : 0.88800 SL : 0.83500 Dont forget like &Comment please ! Regards, Alireza!Longby alirezakUpdated 2
EURGBP TRADING IN A RANGEEURGBP is trading in a range zone for quite a long period know currently trading near the support area buying is a good option with strict stop loss .Longby kashif1999110
EURGBPEURGBP is currently in a bearish trend, moving within a well-defined channel. A break below the higher low (HL) on a shorter time frame will trigger a trade execution, signaling a continuation of the downward momentumShortby onlysignals2
uptrend The uptrend is expected to advance to the resistance range. Then, according to the behavior of the price in this range, the continuation of the movement process will proceed according to the specified pathsLongby STPFOREX0