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
No trades
No trades
Compare with EUR to GBP
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
EUR/GBP Short - Weekly timeframeHead and Shoulders pattern, break and retest off of a neck line, although, this trade is not ready yet, it will be ready probably within a week or even two, since I'm looking at chart on a weekly timeframe and we need to see some strong rejection pattern at the entry line.
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
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
Can EUR/GBP Break Out of Its Tight Range?Macroeconomic Forces and Policy Divergence
The EUR/GBP currency pair remains locked in a critical technical range. The Bank of England maintains its benchmark interest rate at 3.75 percent. Meanwhile, the European Central Bank holds its deposit facility rate at 2.25 percent. This substantial 150 ba
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
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently asked questions
The current rate of EURGBP is 0.85440 GBP — it has decreased by −0.26% in the past 24 hours. See more of EURGBP rate dynamics on the detailed chart.
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.
The term volatility describes the risk related to the changes in an asset's value. EURGBP has the volatility rating of 0.38%. Track all currencies' changes with our live Forex Heatmap and prepare for markets volatility.
The EURGBP showed a −0.14% fall over the past week, the month change is a 0.21% rise, and over the last year it has decreased by −1.49%. Track live rate changes on the EURGBP chart.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
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.
When deciding to buy or sell currency one should keep in mind many factors including current geopolitical situation, interest rates, and other. But before plunging into a deep research, you can start with EURGBP technical analysis. The technical rating for the pair is sell today, but don't forget that markets can be very unstable, so don't stop here. According to our 1 week rating the EURGBP shows the sell signal, and 1 month rating is sell. See more of EURGBP technicals for a more comprehensive analysis.









