EURGBP Potential DownsidesHey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.84600 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.84600 support and resistance area.
Trade safe, Joe.
Eurgbp!
Bearish drop?EUUR/GBP is reacting off the pivot and could potentially reverse to the pullback support.
Pivot: 0.84419
1st Support: 0.84164
1st Resistance: 0.84589
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.
EURGBP H1 I Bearish reversal Based on the H1 chart analysis, we can see that the price is rising toward our sell entry at 0.8412, which is a pullback resistance and a 61.8% Fibonacci retracement.
Our take profit will be at 0.8401, a pullback support level.
The stop loss will be at 0.8426, an overlap resistance level, above 127.2% Fibo extension
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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.
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EURGBP Is Approaching A Decent ResistanceHey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.84300 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.84300 support and resistance area.
Trade safe, Joe.
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EURGBP: Expecting Bearish Continuation! Here is Why:
Balance of buyers and sellers on the EURGBP pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the sellers, therefore is it only natural that we go short on the pair.
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EUR/GBP Rebound at 0.8400: A Promising Long SetupThe EUR/GBP currency pair has recently rebounded off the critical 0.8400 level, aligning perfectly with our identified demand zone. This confluence of technical and fundamental factors suggests a potential bullish scenario for the pair.
Firstly, the price action at the 0.8400 level has demonstrated a clear rejection, indicating strong buying interest in this area. This level has acted as a robust support, preventing further declines and suggesting that buyers are stepping in to defend this price point.
Moreover, an increase in Non-Commercial long positions provides further validation of this bullish sentiment. Non-Commercial traders, often considered as more informed and influential market participants, have shown a growing interest in buying at this level. This shift in positioning can signal a significant change in market sentiment, favoring a potential upward movement in the EUR/GBP pair.
Adding to this bullish outlook is the onset of seasonal trends. Historical patterns often repeat, and the start of a seasonal bullish phase could offer an additional layer of confidence in the potential for an upward move. Seasonality in currency pairs can be driven by various factors, including economic cycles, fiscal policies, and market psychology, which often leads to predictable price behaviors during certain times of the year.
Given these factors, a long setup in the EUR/GBP pair appears promising. Traders should consider the technical rejection at the 0.8400 level, the increase in Non-Commercial buying interest, and the supportive seasonal trends as strong indicators of a potential rally. Careful monitoring of price action and volume around this level, along with confirmation from other technical indicators, can provide the necessary confidence to execute a long trade.
In summary, the confluence of technical support at 0.8400, increased Non-Commercial buying, and favorable seasonality suggests a potential bullish move for EUR/GBP. This combination of factors offers a compelling case for traders to look for long opportunities in the pair, potentially capitalizing on a significant upward move in the near term.
✅ Please share your thoughts about EUR/GBP in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
EURGBP H4 | Bearish Drop Based on the H4 chart analysis, we can see that the price is currently at our sell area of 0.8434, an overlap resistance.
Our take profit will be at 0.8408, an overlap support.
The stop loss will be placed at 0.8458, which is an overlap resistance."
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.
Bearish reversal?EUR/GBP is rising towards the pivot which has been identified as a pullback resistance and could reverse to the 1st support which is an overlap support.
Pivot: 0.84346
1st Support: 0.84089
1st Resistance: 0.84570
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.
EG likely see more downside to come!
Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
More downside?To me seems likely.
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
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EUR-GBP Risky Short! Sell!
Hello,Traders!
EUR-GBP is trading in a
Downtrend and was making
A local bullish correction
However, the pair will soon
Hit a local horizontal
Resistance level of 0.8440
From where we will be
Expecting a further
Move down
Sell!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
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.
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WISH YOU ALL LUCK
EURGBP Bullish Momentum 4H TF (Div, Dow,BOS,Trend Break)EURGBP showing bullish momentum supported by 4H bullish divergence. Price actions shows DOW HH and HL setup with BOS (Break of Structure) also supported by break of falling trendline. Entry is placed 15 pips above previous LH and TP at 1:1 R:R at FIB 78.6%. What do you think, will this setup work?
Note: If you are not comfortable with TP at FIB level 78.6%, you can do TP at 61.80%.
EURGBP Trade Setup following ECB Interest Rate Decision.Taking a look at the daily tf, price action closed above the last candle where we saw strong rejection following a retest of the descending support.
Today the ECB also left interest rates unchanged at 4.25%.
Even though this is a low risk to reward setup, I believe it has a good chance of becoming a winning trade.
EURGBP: Bearish Continuation is Highly Probable! Here is Why:
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current EURGBP chart which, if analyzed properly, clearly points in the upward direction.
❤️ Please, support our work with like & comment! ❤️
EURGBP Is Approaching A Decent ResistanceHey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.84250 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.84250 support and resistance area.
Trade safe, Joe.
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.
EURGBP - Short from trendline !!Hello traders!
‼️ This is my perspective on EURGBP.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for short position. I wait price to continue the retracement and then to reject from trendline + FIBO 0.5 level.
Fundamental news: Tomorrow (GMT+3) we will see results of CPI on GBP and on Thursday (GMT+3) we have Interest Rate on EUR, news with high impact on currency.
Like, comment and subscribe to be in touch with my content!
Could EUR/GBP drop from here?The price is rising towards the pivot which acts as a pullback resistance and could potentially drop to the 1st support.
Pivot: 0.84037
1st Support: 0.83687
1st Resistance: 0.84306
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.