EUR/GBP - Rate Expectations and UK GDP Keep GBP in Focus!EUR/GBP – M30 – Bearish Symmetrical Triangle / Trendline Rejection Pattern
✅EUR/GBP FX:EURGBP is showing a bearish setup after repeated rejection near the resistance zone and failure to sustain momentum above the Ichimoku cloud. A break below the rising trendline would strengthen the downside cas
Euro / British Pound
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Details
The Euro vs the British Pound. This pair represents a cross between the two largest economies in Europe, the Euro Zone and the United Kingdom. The pair is greatly less volatile than other Euro or Pound based crosses because of the economic closeness and interdependence between the two. Changes in monetary policy between the Bank of England and the European Central Bank can make this pair extremely sensitive.
Bullish bounce in play?EUR/GBP has bounced off the pivot and could potentially rise towards the pullback resistance.
Pivot: 0.8555
1st Support: 0.8533
1st Resistance: 0.8602
Disclaimer:
The opinions given above constitute general market commentary and do not constitute the opinion or advice of IC Markets or any form o
Bearish reversal setup?EUR/GBP has rejected the resistance level, which is an overlap resistance and could drop from this level to our take profit.
Entry: 0.8556
Why we like it:
There is an overlap resistance level.
Stop loss: 0.8581
Why we like it:
There is a pullback resistance level.
Take profit: 0.8530
Why we like
EURGBP: Bullish Move After Liquidity Grab 🇪🇺🇬🇧
I see a potential sell-side liquidity grab on EURGBP.
The price may pull back to 0.5535 level.
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EUR/GBP short: fade the 0.86 retest, targets 0.851 / 0.842📉 EUR/GBP short swing (1D)
The setup 👇
EUR/GBP fell from the late-June high near 0.8685 down to 0.8455 in mid-July. It's bounced since, but that bounce is running straight into the 0.8580/0.8600 shelf it broke on the way down. That's where I want to sell. Old support flips to resistance, so I'm fad
Bullish momentum building?EUR/GBP is falling toward the support level, which is an overlap support that aligns with the 38.2% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.8538
Why we like it:
There is an overlap support that aligns with the 38.2% Fibonacci retracement.
Stop loss: 0.85
EURGBP - Resistance Back in Focus!EURGBP remains bearish from a broader perspective, continuing to trade inside the red descending channel that has been guiding price lower.
Lately, price rejected the blue support area and traded higher, developing a corrective move within the broader bearish structure. Price is now approaching an
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Displays a symbol's price movements over previous years to identify recurring trends.
Frequently asked questions
The value of the EURGBP pair is quoted as 1 EUR per x GBP. For example, if the pair is trading at 1.50, it means it takes 1.5 GBP to buy 1 EUR.
EURGBP is a minor currency pair, i.e. a popular pair that is not associated with USD. Such pairs are also called cross currency pairs.
Currencies are usually traded through forex brokers — choose the one that suits your needs and go ahead. You can trade EURGBP right from TradingView charts — just log in to you broker account. Check out the list of our integrated brokers and find the best one for your needs and strategy.









