Get started

Euro / British Pound

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Economic Calendar

EURGBP trade ideas

EURGBP Trading Opportunity! BUY! My dear friends, Please, find my technical outlook for EURGBP below: The instrument tests an important psychological level 0.8393 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 - 0.8420 Recommended Stop Loss - 0.8373 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 could continue lower, but perhaps not immediatelyThe European Central Bank (‘the ECB’) left its main rates on hold on 18 July as widely expected. Although participants seem to be expecting one or two more cuts before the end of the year, the central bank itself doesn’t have a clear intention for September’s meeting. The main reason for the ECB’s reservation is that isn’t not clear yet whether inflation is declining quickly enough to justify further cuts when, at least for now, growth isn’t a major concern. Relative to a major pair, euro-pound has been in a fairly consistent downtrend since late April and touched 10-month lows below 84p on 14 July. As for cable, though, immediate continuation is questionable due to the oversold signal from the slow stochastic. This indicator recently completed a crossover of the main line above the signal line within oversold, suggesting a bounce. ATR has also declined significantly since the middle of last month. Probably the most important data next week for EURGBP are Wednesday’s German consumer confidence and PMIs. In the absence of any very major releases until national and eurozone-wide GDP on 30 July, the overall downtrend might continue after a possible short-term bounce. This is my personal opinion which does not reflect the opinion of Exness. This is not a recommendation to trade.
by Michael_Stark_Exness
EUR/GBP at Crucial Support - Will It Hold or Break?Alright traders, let’s break down the EUR/GBP 4-hour chart On this chart, we can see that EUR/GBP is currently in a downtrend, confirmed by the descending trend line and the lower highs and lower lows pattern. The price is trading below both the 21 EMA and the 8 EMA , indicating bearish momentum. However, there is a consolidation phase happening around the 0.84076 level, where the price seems to be finding temporary support. The key levels to watch are the resistance at 0.84309 and the support at 0.83979. A breakout above the 0.84309 resistance, especially with a strong close above the 21 EMA, could signal a bullish reversal. Conversely, a break below the 0.83979 support could confirm the continuation of the bearish trend. Given the current market structure, my bias is slightly bearish, but I am open to a potential bullish reversal if we see a breakout above the resistance level.
by SheenaL
EURGBP: A Trade You Don't Want To MissEURGBP: A Trade You Don't Want To Miss EURGBP is testing an old weekly support zone that proved to be strong several times. Usually, we refer to normal support zones to observe the price reaction, but this time EURGBP is near a weekly area. We have to be cautious at the moment because EURGBP may go down a bit more, but overall should rise from the weekly support zone. The price tested this area in 2016, 2017, 2020 and 2022. After the start of the uptrend, EURGBP rose by nearly +400 to +900 pips during the uptrend. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Long
by KlejdiCuni
7
Buy AnalysisEUR/GBP Buy Analysis Trade Idea: Buy EUR/GBP Entry: 0.8370 Take Profit: Up to 0.84342 Rationale: Technical Analysis: EUR/GBP has shown strong support near the 0.8370 level, with recent price action indicating potential for an upward move. Resistance Break: A breakout above recent resistance suggests bullish momentum could carry the pair towards the 0.84342 level. Risk Management: Place a stop-loss according to your risk tolerance and trading strategy, ensuring potential losses are controlled. Disclaimer: Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The analysis provided is for informational purposes only and should not be considered as investment advice.
Long
by GODOCM
EURGBP - Possible Short OpportunityEURGBP is in a downtrend on higher timeframes and now, in my opinion, is starting a corrective move on lower timeframes after having broken the previous low at 0.85. We will have to wait for confirmations, but I believe that we will have a short opportunity, in the retest of the 0.85 level, or higher on the major downtrendline/SMMA, I drew on the chart the 2 possibilities that I believe are most likely. If we get the confirmations I will update the idea with my entry into the trade.
Short
by The_Trading_Wizard_
1