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EURGBP trade ideas

EUR/GBP BEARS ARE STRONG HERE|SHORT Hello, Friends! Bearish trend on EUR/GBP, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 0.846. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ✅LIKE AND COMMENT MY IDEAS✅
Short
by EliteTradingSignals
1
EURGBP uptrend pause supported at 0.8510Trend Overview: EURGBP remains in a bullish trend, characterised by higher highs and higher lows. The recent intraday price action is forming a continuation consolidation pattern, suggesting a potential pause before a renewed move higher. Key Technical Levels: Support: 0.8510 (primary pivot), followed by 0.8490 and 0.8470 Resistance: 0.8570 (initial), then 0.8590 and 0.8620 Technical Outlook: A pullback to the 0.8510 level, which aligns with the previous consolidation zone, could act as a platform for renewed buying interest. A confirmed bounce from this support may trigger a continuation toward the next resistance levels at 0.8570, 0.8590, and ultimately 0.8620. Conversely, a daily close below 0.8510 would suggest weakening bullish momentum. This scenario would shift the bias to bearish in the short term, potentially targeting 0.8490 and 0.8470 as downside levels. Conclusion: WTI Crude Oil maintains a bullish structure while trading above the 0.8510 support. A bounce from this level would validate the consolidation as a continuation pattern, with upside potential toward the 08570 area. A breakdown below 0.8510, however, would invalidate this view and suggest deeper corrective risk. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice
by TradeNation
The Day AheadKey Market Drivers: 1. Australia Jobs Data (May) • Jobs unexpectedly fell → AUD weakened • AUDUSD dipped toward support; bearish bias unless RBA signals hawkish stance • Best plays: Short AUD vs NZD, USD 2. Swiss & Norwegian Rate Cuts • SNB cut to 0.0%, Norges Bank cut to 4.25% • Both were dovish surprises → CHF and NOK sold off • Best plays: Long USDCHF, EURCHF, and EURNOK 3. Bank of England (BoE) • Held rates at 4.25%, but 2 members voted to cut • Slightly dovish tilt → GBP under mild pressure 4. ECB Speakers • Lagarde gave no policy signals • Watch Villeroy/Nagel for hawkish comments → may support EUR 5. Juneteenth Holiday in US • US markets closed → low liquidity, possible volatility in FX during London/Asia sessions Trade Focus Summary: • Sell CHF & NOK on dovish central bank moves • Fade AUD rallies after weak jobs data • Watch GBP for downside on BoE dovish lean • EUR in play if ECB officials remain hawkish • Expect thin trading due to US holiday This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
EURGBP- Bullish Call story : Market is making series of HH and HL. However the market has formed minor divergence which made the market to take corrective move uptil 0.382 level of FIb. further market is overall in bull trend with the formation of Bullish continuation pattern. anticipate: Bulls will take control of market and we anticipate that it will rise further after breaking HH or the neckline of bullish flag pattern. Plan: we have taken entry on HL / instant entry and kept our SL below previous HL and we plan our TPs till the projection of Flag pattern with R:R of 1:1 and 1:2 Bulls Weight : 02 Flag Pattern HH and HLs. Beas Weight : 01 Divergence
Long
by ProTradeProfessor
EURGBP: A Bullish Weekly OutlookEURGBP: A Bullish Weekly Outlook This is an analysis I shared last months from a weekly perspective. The chart shows that the price increased by approximately 500 pips. EURGBP tested an old weekly support zone that has consistently proven strong over time. Once again, the price reacted well, though it remains hesitant to extend its rise. However, bullish pressure is evident each time the price dips into the blue zone. In May, this area was tested again, and EURGBP responded clearly, reinforcing the significance of this support. Historically, EURGBP has tested this zone in 2016, 2017, 2020, and 2022, each time showing notable reactions. Following the start of an uptrend, EURGBP has previously gained between 400 to 900 pips, highlighting the potential strength of future movements. 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❤️ Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Previous analysis:
Long
by KlejdiCuni
11
EURGBP INTRADAY trend reversal breakout?Trend Overview: EURGBP remains in a bullish trend, characterised by higher highs and higher lows. The recent intraday price action is forming a continuation consolidation pattern, suggesting a potential pause before a renewed move higher. Key Technical Levels: Support: 0.8490 (primary pivot), followed by 0.8470 and 0.8450 Resistance: 0.8550 (initial), then 0.8570 and 0.8590 Technical Outlook: A pullback to the 0.8490 level, which aligns with the previous consolidation zone, could act as a platform for renewed buying interest. A confirmed bounce from this support may trigger a continuation toward the next resistance levels at 0.8550, 0.8570, and ultimately 0.8590. Conversely, a daily close below 0.8490 would suggest weakening bullish momentum. This scenario would shift the bias to bearish in the short term, potentially targeting 0.8470 and 0.8450 as downside levels. Conclusion: WTI Crude Oil maintains a bullish structure while trading above the 0.8490 support. A bounce from this level would validate the consolidation as a continuation pattern, with upside potential toward the 08550 area. A breakdown below 0.8490, however, would invalidate this view and suggest deeper corrective risk. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
EURGBP LONG FORECAST Q2 W25 D16 Y25EURGBP LONG FORECAST Q2 W25 D16 Y25 Professional Risk Managers👋 Welcome back to another FRGNT chart update📈 Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure. Let’s see what price action is telling us today! 👀 💡Here are some trade confluences📝 ✅Weekly Order block rejection ✅15' Order block to be confirmed ✅4H Order block identification ✅HTF 50 EMA support 🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies. 📈The rest, we leave to the balance of probabilities. 💡Fail to plan. Plan to fail. 🏆It has always been that simple. ❤️Good luck with your trading journey, I shall see you at the very top. 🎯Trade consistent, FRGNT X
Long
by JCFRGNT