EURGBP – Climbing a Hill That Might Give Way ⛰️⚠️
EURGBP is climbing a hill that might soon give way. The pair has been grinding higher, but the move feels tired — and momentum is now wobbling on lower timeframes. This is a sell idea against the crowd: a counterpunch at weekly resistance, with price action flashing warning signs 🚨.
📉 I’m bearish on EURGBP — looking to short this overbought market as momentum stalls.
Here’s what’s fueling the setup:
📍 The weekly chart is at major resistance
💡 Price is overbought and pausing with sell signals on the 4H
📈 EUR’s recent rally is built more on sentiment than substance
🇬🇧 GBP fundamentals remain steady despite a recent dip in sentiment
⚖️ This is a clean counter-trend short with favorable risk-to-reward
Zooming out 🔍
The Eurozone isn’t in great shape. Growth is flat 📉, consumption is weakening 🛒, and the ECB has paused rate cuts 🧊 — not because conditions are improving, but because uncertainty is high. Inflation is drifting below target 🎯, and the Euro’s sharp appreciation (+17% since February 📊) risks damaging exports just as US tariff threats re-emerge 🚧.
On the GBP side 🇬🇧, the UK’s story is steadier. GDP growth is modest, investment is picking up 📈, and the BoE is gradually easing 🧭. More cuts may be coming, but they’re largely priced in 💷. Despite weaker recent sentiment, the Pound still has recovery potential — especially if Eurozone fragilities resurface 🕳️.
✅ Technically and fundamentally, this trade lines up. EURGBP is stretched, softening, and ripe for a short.
🤔 Agree with this fade? Or are you still riding the Euro train 🚂? Let’s debate it.
EURGBP is climbing a hill that might soon give way. The pair has been grinding higher, but the move feels tired — and momentum is now wobbling on lower timeframes. This is a sell idea against the crowd: a counterpunch at weekly resistance, with price action flashing warning signs 🚨.
📉 I’m bearish on EURGBP — looking to short this overbought market as momentum stalls.
Here’s what’s fueling the setup:
📍 The weekly chart is at major resistance
💡 Price is overbought and pausing with sell signals on the 4H
📈 EUR’s recent rally is built more on sentiment than substance
🇬🇧 GBP fundamentals remain steady despite a recent dip in sentiment
⚖️ This is a clean counter-trend short with favorable risk-to-reward
Zooming out 🔍
The Eurozone isn’t in great shape. Growth is flat 📉, consumption is weakening 🛒, and the ECB has paused rate cuts 🧊 — not because conditions are improving, but because uncertainty is high. Inflation is drifting below target 🎯, and the Euro’s sharp appreciation (+17% since February 📊) risks damaging exports just as US tariff threats re-emerge 🚧.
On the GBP side 🇬🇧, the UK’s story is steadier. GDP growth is modest, investment is picking up 📈, and the BoE is gradually easing 🧭. More cuts may be coming, but they’re largely priced in 💷. Despite weaker recent sentiment, the Pound still has recovery potential — especially if Eurozone fragilities resurface 🕳️.
✅ Technically and fundamentally, this trade lines up. EURGBP is stretched, softening, and ripe for a short.
🤔 Agree with this fade? Or are you still riding the Euro train 🚂? Let’s debate it.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.