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EURGBP trade ideas

EURGBP H4 | Bearish Drop Based on the H4 chart analysis, we can see that the price has just reacted off our sell entry at 0.8456, which is an overlap resistance close to 50% Fibo retracement. Our take profit will be at 0.8441, a swing-low support level. The stop loss will be placed at 0.8468, which is an overlap resistance level, close to 78.6% Fibo retracement. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
1
Potential price rise?EUR/GBP has reacted off the pivot which has been identified as a pullback support and could rise to the 1st resistance. Pivot: 0.84350 1st Support: 0.84130 1st Resistance: 0.84752 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.
Long
by ICmarkets
EURGBP My Opinion! BUY! My dear friends, Please, find my technical outlook for EURGBP below: The price is coiling around a solid key level - 0.8440 Bias - Bullish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 0.8451 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
EUR/GBP Bullish Analysis and Trade Idea The EUR/GBP is showing promising signs of a bullish move on the 4-hour chart. Currently trading around 0.84500 GBP, the pair is positioned within a strong support and demand zone, suggesting potential upward momentum. Technical Indicators: Order Block (OB) on Daily Chart: Located around 0.85050, indicating significant institutional interest. 0.886 Fibonacci Retracement, aligns with the OB zone around 0.85000, highlighting a strong resistance area. Demand & High Support: Price has historically reacted bullishly between 0.84350 and 0.84450.(Could mean we are going for 2 nice bullish weeks) Buy Side Liquidity (BSL): Positioned just above 0.84700, suggesting potential liquidity for a bullish move. ( Another +20 pips push into the OB And Fibonacci Retracement ) Analysis: The pair is consolidating above a strong support zone, with historical demand suggesting potential bullish movement. The alignment of the OB zone and the 0.886 Fibonacci retracement level around 0.85000 indicates a critical resistance area. If the price breaks above this, it could trigger further upside. (But this is were you would take profit) Conclusion: With the current technical setup, EUR/GBP presents a favorable Buy trade opportunity from the support zone towards the 0.85000 - 0.85200 resistance area. Apply appropriate risk management.
Long
by LiquidTradeFX
EUR/GBP rate fluctuates under the influence of political factorsThe EUR/GBP rate fluctuates under the influence of political factors On 10th June, we wrote that the EUR/GBP rate fell to a 21-month low after the European Parliament elections. Political fundamental factors continue to influence this pair. As Reuters reports: → The euro is down on Monday amid unexpectedly strong results for the left-wing forces in the French elections, which has created new uncertainty regarding the country’s financial outlook. → The pound sterling has risen to a 3.5-week high against the US dollar, as the British currency strengthens following the Labour Party’s decisive victory in last week’s elections, ending 14 years of Conservative rule. Therefore, it is not surprising that a bearish gap formed on the EUR/GBP chart at the start of the week – however, bulls managed to recoup the decline during the Asian session. How will events unfold from here? According to the technical analysis of EUR/GBP today: → In terms of price dynamics since spring 2023, the market is in a downtrend (as indicated by the red channel); → In the aforementioned post from 10 June, we wrote that the 0.85-0.853 zone might provide significant resistance. Indeed, this was confirmed on the first day of July, when the price turned downwards from the 0.85 level (as indicated by the arrow). If political developments do not alter the months-long dominance of the bears, the formation shown by the yellow lines could become an intermediate consolidation zone before the EUR/GBP price continues its downward trend. Trade over 50 forex markets 24 hours a day with FXOpen. Take advantage of low commissions, deep liquidity, and spreads from 0.0 pips. Open your FXOpen account now or learn more about trading forex with FXOpen. 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 FXOpen
2
EURGBP Will Move Lower! Sell! Here is our detailed technical review for EURGBP. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 0.845. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.843 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1