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Eurgbp!

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
French election shock: What will FX markets say? France is on the brink of a hung parliament, with the left-wing coalition capturing the most seats in a stunning upset over Marine Le Pen’s National Rally. Obviously, the forex markets are closed on the weekend. So will be interesting to see the reaction to these shock election results in France on the EUR/USD and EUR/GBP when the market opens. Regardless of whether the market thinks this turn of events is good for France or the Eurozone as a whole, this might be trumped by its dislike of surprises. The left-wing alliance, projected to win between 180 and 215 seats in the 577-seat National Assembly, outpaced President Macron’s liberal bloc, which is forecast to secure 150-180 seats. The far-right National Rally, led by Le Pen, and its allies are anticipated to hold 120-150 seats. Le Pen's National Rally led in the first round of voting last week and aimed to achieve a historic majority. However, strategic voting and alliances among left-wing parties have thwarted her efforts. Le Pen’s ties to Russia, including past opposition to EU sanctions, might have also harmed her campaign. Over the weekend, Le Pen had vowed to cancel permission for Kyiv to use French-supplied long-range weapons against targets in Russia.
by BlackBull_Markets
EURGBP The Target Is UP! BUY! My dear friends, My technical analysis for EURGBP is below: The market is trading on 0.8459 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 0.8476 Recommended Stop Loss - 0.8448 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
Potential Bullish Reversal! - EGHere I have EUR/GBP on the 4 Hr Chart! Here we see Price has made 2 clear Lows ( Latter Lower than Previous Low ) with a High @ .84579 -Now to bring attention to the RSI Indicator, we can see Price is showing a different picture ( Latter Higher than Previous Low ) -We also have a Double Tap on the Lower Bollinger Bands These events add up to what seems to be a Divergence taking place where Price has made its True Low and RSI indicates its no longer looking to go LOWER!! Now for CONFIRMATION of this Potential Double Bottom Pattern, we NEED Price to Break and Close ABOVE the High @ .84579 and then to Re-test! INVALIDATION of Pattern will come if Price decides to go Lower than our Low @ .83972
Long
by Novi_Fibonacci
2
EUR/GBP Exchange Rate Analysis: Key Insights and ProjectionsThe EUR/GBP exchange rate is a crucial indicator of economic dynamics between the Eurozone and the UK. Current fluctuations are driven by economic data, monetary policy expectations, and political events, with significant implications as the UK heads into a general election. Eurozone Economic Indicators and ECB Policy Persistent disinflationary pressures in the Eurozone, with the PPI falling by 0.2% in May. ECB may cut interest rates in Q3 2024 if producer prices continue to decline, potentially weakening the euro. Services sector growth slowing, with the final services PMI for June revised down to 52.8. UK's Pre-Election Economic Environment Cautious market sentiment towards the pound due to the upcoming general election. Hopes for a stable Labour victory supporting the pound. UK's services PMI for June eased to 52.1, reflecting a slowdown influenced by election-related uncertainty. Political Impact on Exchange Rates UK election could cause short-term volatility in the GBP/EUR exchange rate. A Labour victory might boost investor confidence and support the pound, while unexpected outcomes could increase uncertainty. Political stability in France supports the euro, despite broader economic challenges. Exchange Rate Forecast The EUR/GBP exchange rate will be influenced by the UK election outcome and ongoing Eurozone economic challenges. Current trading at around 0.8465, with political and economic developments being key drivers. Conclusion The EUR/GBP exchange rate reflects economic health and political stability in both regions. The imminent UK election and Eurozone economic indicators will shape its future direction, with potential volatility expected in the short term.
Short
by signalmastermind
EURGBP The Target Is DOWN! SELL! My dear followers, This is my opinion on the EURGBP next move: The asset is approaching an important pivot point 0.8465 Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 0.8451 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
EURGBP intraday rallies continue to attract sellers.EURGBP - 24h expiry Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Price action looks to be forming a top. Intraday signals are bearish. Preferred trade is to sell into rallies. Bespoke resistance is located at 0.8485. We look to Sell at 0.8485 (stop at 0.8500) Our profit targets will be 0.8445 and 0.8425 Resistance: 0.8485 / 0.8500 / 0.8515 Support: 0.8455 / 0.8440 / 0.8425 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
EURGBP Will Go Down! Sell! Take a look at our analysis for EURGBP. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 0.849. Considering the today's price action, probabilities will be high to see a movement to 0.845. 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
2
Will EURGBP fill the gap?It's been 7 trading days already and the gap created on 10 June remains unfilled. It's not often that we see such PA in the forex market. After trying to 'runaway' I think that this market is now inching towards filling the gap. If/when that happens I will be looking for a bearish continuation. This is not a trade recommendation. Trading carries a high level of risk, so only trade with money you can afford to lose. Anything can happen in the markets at any time. Please use sound money and risk management in all your trades. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!!
Short
by Trading_Vista
EURGBP / Critical Volume Signals and Key Price LevelsTechnical Analysis: EUR/GBP (4H Chart) Current Price Action: The EUR/GBP pair is trading around 0.84722, near the pivot line at 0.84915. Key Observations: 1. Primary Support and Resistance Levels: Primary Support Line (Monthly): 0.83977 Primary Support Line (Yearly): 0.83393 Resistance Line: 0.85728 2. Supply Zone: - A sensitive decision area characterized by high volatility is identified around 0.85204 to 0.85394. 3. Support and Resistance Areas: Secondary Support Area: Around 0.84265 Resistance Area: Around 0.84915 to 0.85204 Scenarios: Bullish Scenario: Breakout Above Pivot Line: If the price can break and sustain above the pivot line at 0.84915, it could aim for the resistance area around 0.85204. A further breakout from this level could see the price move towards the supply zone and potentially higher towards the resistance line at 0.85728. Support from Rising Trend Line : The ascending trend line providing support suggests continued bullish momentum if it holds, potentially pushing the price higher. Bearish Scenario: Failure at Pivot Line: If the price fails to break above the pivot line at 0.84915, it could retreat towards the secondary support area around 0.84265. Downside Targets: Sustained bearish pressure could push the price further down to the primary support lines at 0.83977 and 0.83393. Today's Expected Trading Range: - The anticipated trading range for today is between the support level at 0.84265 and the resistance level at 0.85204. Pivot Line: 0.84915 Resistance Levels: 0.85204, 0.85394, 0.85728 Support Levels: 0.84655, 0.84576, 0.84265 Summary: - The EUR/GBP pair is currently at a critical juncture near the pivot line. A breakout above this level could signal a bullish continuation towards higher resistance levels, while failure to hold this level could see a decline towards key support areas. The next week's direction will be heavily influenced by the price action around the pivot line and the supply zone. Direction for the Next Week: Bullish Direction: Likely if the price breaks and sustains above 0.84915 and moves past 0.85204, targeting 0.85728. Bearish Direction: Possible if the price fails to break the pivot line and drops below the secondary support area at 0.84265, targeting 0.83977 and potentially lower to 0.83393. ------ There is also... Analysis Based on Volume Order Book (Expo) for EUR/GBP (4H Chart) The Volume Order Book (Expo) on the EUR/GBP 4H chart provides insights into the liquidity and potential price movement based on the distribution of orders. Here's a detailed analysis: Key Observations: 2.High Volume at 0.84915: There is a significant volume of 11.458M at the price level of 0.84915, which acts as a strong pivot point. This indicates that a lot of trading activity and interest is concentrated at this level. 2.Volume Clusters: Above Current Price: There are notable volumes at 0.85204 (5.866M), 0.85394 (4.434M), and 0.85728 (5.857M). These levels act as resistance where selling pressure might be strong. Below Current Price: There are significant volumes at 0.84655 (3.426M), 0.84576 (2.918M), and 0.84265 (2.647M). These levels act as support where buying interest is likely to be strong. Directional Bias: Bullish Indicators: Pivot Line Strength: The large volume at 0.84915 suggests that if the price can break and sustain above this level, it may indicate strong bullish momentum. Support Levels: The accumulation of buy orders below the current price indicates strong support around 0.84655 and 0.84265, which can provide a solid base for upward movement. Bearish Indicators: Resistance Levels: The substantial sell orders above the current price at 0.85204 and 0.85728 suggest that the price may face significant resistance, potentially limiting the upside.
Short
by SroshMayi