EUR/GBP Trade Ideas

For Traders Forex Analysis Trading plan 22.07.202113:18 Forex Analysis & Reviews: GBP/USD: plan for the US session on July 22 (analysis of morning deals). Relevance up to 13:00 2021-07-23 UTC+2 To open long positions on GBP/USD, you need:In the first half of the day, I paid at...

For Traders Forex Analysis Trading plan 20.01.202112:14 Forex Analysis & Reviews: EUR/GBP Accelerates Its Sell-Off Relevance up to 10:00 2021-01-21 UTC+00 EUR/GBP is trading in the red signaling strong sellers and a further drop in the short term. The price is expected to exte...

For Traders Forex Analysis Trading plan 23.12.202014:24 Forex Analysis & Reviews: EUR/GBP Double Top Or Accumulation? Relevance up to 12:00 2020-12-24 UTC+00 Where to consider going short?EUR/GBP failed to reach 0.9229 former high signaling exhausted buyers on the H4 chart. St...

For Traders Forex Analysis Trading plan 07.12.202013:08 Forex Analysis & Reviews: EUR/GBP Further Gains Expected Relevance up to 11:00 2020-12-08 UTC+00 EUR/GBP has accelerated its bullish momentum and is now located far above the 0.9084 former high signaling more gains. The p...

EUR/GBP is trying to break higher after the consolidation that took the major part of this week. The big decision about the European recovery fund is getting nearer. Notice that there is a bearish resistance line going through the 2020 highs around 0.9115. A confirmation of the breakout to the upsid...

EUR/GBP continues trading within an uptrend. The pair has managed to break above 0.9000 (38.2% Fibonacci retracement of the March-April decline) which now acts as support. The recent high is not confirmed by the Awesome Oscillator on the D1, so the pair may retrace to the 0.9030/00 area. Never the l...

The way EUR/GBP bottomed around 0.8700, then rose above 0.8870 and jumped from the trendline support at 0.8910 shows that the pair possesses bullish momentum. The euro will be capable to rise to the 0.9070/0.9090 area if it manages to overcome the resistance at 0.9000 (38.2% Fibonacci of the 2020 de...

Relevance up to 10:00 2020-05-16 UTC+2 EUR/GBP is trading in the green today and is fighting to confirm a further increase in the short term. EUR is quite strong today after the last two session's indecision, another higher high, a breakout above the 0.8876 level will suggest buying and further in....

The British pound is hurt by concerns that Britain would reach the end of an 11-month transition period without agreeing a trade deal with the EU. EUR/GBP formed an interim bottom in the 0.8930 area and closed above the 50-day MA at 0.8490 on Monday. If the pair breaks above the 61.8% Fibo of the de...

Long-term review "Everyone chooses his own path. And the more obvious the goal, the easier the path." Good morning, dear colleagues. As always with you, Sergey Denisov and the forecast for the likely movement of the EUR / GBP currency instrument. This forecast will be relevant until your humbl....

EUR/GBP formed a candlestick with a long lower wick on the MN chart – a sign of reversal to the upside. On the W1, two attempts to test lower levels ended by the ultimate failure of sellers. The pair went above the December-January resistance line in the 0.8517 area. The price action resembles the h...

Trade idea BUY 0.8905; TP1 0.8940; TP2 0.8965; SL 0.8890 Last week, EUR/GBP recovered from 0.8800 (the 61.8% Fibo retracement of the March-August advance) and 0.8835 (100- and 50-week MAs; 200-day MA). This area seems like strong support. In addition, on H4 the euro has already managed to recover ab...

Trade idea  SELL 0.8985; TP 0.8920; SL 0.9005 An attempt of EUR/GBP to break higher earlier this week has been rejected: the advance stopped at 0.9150. The pair has breached the previous bullish channel. It is now just above the key support of 0.9000 (38.2% Fibo of the March-August decline). The dec...

Trade idea SELL 0.9035; TP1 0.9000; TP2 0.8900; SL 0.9060 EUR/GBP has reached the lower end of the bullish channel visible on the D1. As long as it’s trading below 0.9100, we will keep seeing a top on the chart that greatly resembles a “Head and Shoulders” pattern. Selling will become an option in c...

Trade idea SELL 0.9230; TP1 0.9200; TP2 0.9160; SL 0.9245 EUR/GBP may be about to make a bigger downside correction. Weak economic figures released in the euro area on Wednesday showed that the single currency doesn’t deserve to rally that much even versus the weak pound.  The currency pair closed y...

Trade ideas SELL 0.9085; TP 0.9050; SL 0.9100 BUY 0.9130; TP 0.9175; SL 0.9115 EUR/GBP has so far been one of the most volatile currency pairs. It rose to 2-year highs and the ascent was fast. Daily oscillators show bearish divergence and indeed a correction took place yesterday: a bearish “engulfin...

Trade ideas SELL 0.8900; TP 0.8840; SL 0.8920 SELL 0.8950; TP 0.8870; SL 0.8970 EUR/GBP fell despite the fact that the British pound got weakened by the news that Boris Johnson on Tuesday won the contest to be the next British prime minister increasing the odds of a no-deal Brexit. It happened as th...

Trade ideas SELL 0.8960; TP 0.8937; SL 0.8970 SELL 0.8915; TP 0.8880; SL 0.8930 EUR/GBP met resistance in the 0.8990 area. It failed to overcome this obstacle for the second week in a row. There’s bearish divergence on the daily Awesome Oscillator. In the near term, we’ll likely see a correction to ...

Trade ideas SELL 0.8910; TP1 0.8890; TP2 0.8860; SL 0.8920 BUY 0.8935; TP 0.8960; SL 0.8920 EUR/GBP formed a candlestick with a long upper wick on W1 - a bearish sign. Daily Awesome Oscillator is going down. The pair formed a lower high and may slide to 0.8890 and 0.8860 (23.6% Fibo of May-June adv...

Trade idea BUY 0.8740; TP 0.8780; SL 0.8720 The euro is steadily strengthening versus the British pound. A week ago EUR/GBP formed a "bullish engulfing" pattern as it rebounded from nearly 2019 lows. Yesterday it closed above 100-day MA and 38.2% Fibo retracement of this year’s decline. The euro is...

Trade ideas BUY 0.8660; TP1 0.8710; TP2 0.8760; SL 0.8845 SELL 0.8580; TP 0.8540; SL 0.8595 EUR/GBP had an extremely volatile month. If we look at the daily chart, we’ll see a diamond-shaped broad consolidation range. The fact that we finally got some big news about Brexit (a delay until October 31)...

Company does not offer investment advice and the analysis performed does not guarantee results Trading plan for 25/01/2019:Friday markets start in good sentiment and the leader on the currency market is GBP. USD and JPY are losing slightly. Stock exchanges in China and Japan grow despite a mixed s....

Recommendation: BUY 0.907 SL 0.9015 TP1 0.917 TP2 0.922 TP3 0.93 On the daily chart of EUR/GBP, there is the transformation of the "Shark" pattern into the 5-0 one. Due to this transformation, bulls plan to move the pair out of the consolidation range between 0.87 and 0.902, which is formed as a par...

Recommendation: BUY 0.907 SL 0.9015 TP1 0.917 TP2 0.922 TP3 0.93 On the daily chart of EUR/GBP, the reversal towards the 23.6% target of the CD wave as a part of the "Shark" pattern's transformation into the 5-0 one helped to open long positions. If December's maximum is updated, the odds of the AB=...

Recommendation:  BUY 0.8935 SL 0.888 TP1 0.902 TP2 0.909 TP3 0.915 On the daily chart of EUR/GBP, the implementation of the "Wolfe Waves" and "Shark" (88.6%) patterns was followed by the correction as a part of the "Shark" pattern's transformation into 5-0. The reversals towards 23.6%, 38.2%, 50% fr...

Recommendation: BUY 0.8945 SL 0.889 TP1 0.9045 TP2 0.906 TP3 0.91 On the daily chart of EUR/GBP, the first target of the "Wolfe Waves" pattern was implemented. Bulls need to update the December's maximum to continue moving towards the 88.6% and 113% targets of the "Shark" pattern.  On H1, there is ...

Recommendation:  BUY 0.892 SL 0.8865 TP1 0.902 TP2 0.906 TP3 0.912 On the daily chart of EUR/GBP, bulls could take control over the situation after a small reversal. They are planning to implement the target of the "Wolfe Waves" pattern, move the price out of the 0.87-0.902 range of long-term consol...

Recommendation: BUY 0.892 SL 0.8865 TP1 0.902 TP2 0.9055 TP3 0.9075 On a daily chart of EUR/GBP, bulls almost reached the target of the “Wolfe Waves” pattern. The rise of the pair towards the upper border of the 0.87-0.902 consolidation range and the 88.6% target of the “Shark” pattern is likely to ...

Recommendation: BUY 0.891 SL 0.8855 TP1 0.9 TP2 0.902 TP2 0.9055 On the daily chart of EUR/GBP, bears couldn't break the support at 0.87 ( the bottom line of the longterm consolidation within the "Spike and ledge" pattern). As a result, the "Wolfe waves" pattern was implemented and there are clues o...

Recommendation: SELL 0.8745 SL 0.88 TP1 0.8645 TP2 0.859 TP3 0.8335 On the daily chart of EUR/GBP, there is a test of the bottom line of the long-term consolidation of 0.87-0.902 within the "Spike and ledge" pattern. A successful break of the line will pull the pair to the 161.8% of the junior and s...