Get started

Euro / British Pound

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

EURGBP trade ideas

EURGBP Wave Analysis 19 December 2024 - EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP currency pair recently reversed up from the support zone located between the key support level 0.8225 (which stopped the previous minor impulse wave i) and the lower daily Bollinger Band. The upward reversal from this from the support zone is likely to form the daily Japanese candlesticks reversal pattern Bullish Engulfing – of the pair closes today near the current levels. Given the bullish divergence on the daily Stochastic, EURGBP currency pair can be expected to rise to the next resistance level 0.8300.
Long
by FxProGlobal
Bullish bounce?EUR/GBP is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance which is a pullback resistance. Pivot: 0.8268 1st Support: 0.8224 1st Resistance: 0.8325 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
Bullish bounce off 50% Fibonacci support?EUR/GBP is falling towards the support level which is a pullback support that lines up with the 50% Fibonacci retracement and could bounce from this level to our take profit. Entry: 0.8269 Why we like it: There is a pullback support level that lines up with the 50% Fibonacci retracement. Stop loss: 0.8223 Why we like it: There is a pullback support level. Take profit: 0.8329 Why we like it: There is an overlap resistance level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Long
by VantageMarkets
Bearish Outlook for EURGBP: A Selling Opportunity AwaitsThe EURGBP trading pair is signaling a sell opportunity based on our analysis with the EASY Trading AI strategy. The current entry price stands at 0.8314, with a clear take profit level set at 0.82860667, while the stop loss is positioned at 0.83328667. Recent market trends suggest a potential drawback for the Euro against the British Pound, influenced by macroeconomic factors such as the anticipated interest rate decisions from the Bank of England and ongoing discussions surrounding the European Central Bank's monetary policy. As the market navigates through uncertainty, the prevailing bearish sentiment strengthens our sell decision. Technically, the indicators are showing signs of weakness for the Euro, making the 0.8314 entry point a strategic choice. The signal offered by our EASY Trading AI further corroborates this prediction, providing a robust framework for risk management. Remember, effective trading isn't just about what the numbers say; it's about understanding the broader market context. Always ensure you stick to your stop-loss to safeguard your capital while capitalizing on potential profits as you navigate this trade. For timely alerts and insights, consider utilizing our Telegram channels for real-time updates. Happy trading!
Short
by ForexRobotEasy
EUR/GBP Weekly Analysis – Potential Reversal Zone Wyckoff MethodCurrently, EUR/GBP is in a key reversal zone, analyzed using the Wyckoff method. The November 4 weekly candle is a high-volume candle that demonstrates effort without a clear result, aligning with Wyckoff’s principles of effort vs. result. This area has served as a support and resistance level multiple times, making it technically significant. A re-entry of the price into the current range could indicate positivity and a potential bullish reversal. According to Wyckoff’s theory, monitoring the candle structure and trading volumes in this zone is critical to identifying an accumulation phase or breakout. This is my personal analysis and opinion, not a recommendation to buy or sell.
Long
by omossa
EURGBP Short IdeaWith the Eurozone's GDP growth lagging at 1.0% and inflation staying below the ECB's target, the EUR faces headwinds in Q1 2025. In contrast, the UK's GDP is projected to grow by 1.5%, supported by easing inflation and higher BoE rates of 4.5% compared to the ECB's 3.25%. This monetary policy divergence and stronger UK economic fundamentals favor GBP over EUR. However, watch for dovish shifts from the BoE or global shocks that may lend safe-haven appeal to the EUR.
Short
by BryceAkwo