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Euro / British Pound

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EURGBP at Major Support — Is a Bullish Reversal Finally Here?EURGBP ( FX:EURGBP ) is currently trading inside a heavy support zone(0.8511 GBP-0.8444 GBP)). On the higher timeframe, we can also see a Positive Regular Divergence (RD+) between two consecutive valleys, which could be an early sign of a potential bullish reversal. From an Elliott Wave perspective, EURGBP appears to have completed its five-wave bearish structure, suggesting that a corrective move to the upside may begin soon. The key trading level to monitor if EURGBP starts moving higher is 0.8522 GBP. I expect EURGBP to rebound from the Potential Reversal Zone(PRZ) and continue its bullish correction, with an initial target around 0.8510 GBP. First Target: 0.8510 GBP Second Target: 0.8519 GBP Stop Loss(SL): 0.8465 GBP What’s your view on EURGBP? Do you think the pair can resume its bullish trend, or should we expect another bearish move first? 💡 Please respect each other's opinions and express agreement or disagreement politely. 📌Euro/ British Pound Analyze (EURGBP), 1-hour time frame. 🛑 Always set a Stop Loss(SL) for every position you open. ✅ This is just my idea; I’d love to see your thoughts too! 🔥 If you find it helpful, please BOOST this post and share it with your friends.
Long
by pejman_zwin
7
EURGBP - Wait for the Intersection!EURGBP has remained overall bearish, with price continuing to trade below the descending trendline, keeping sellers in control of the broader trend. 📉 Price is now approaching a high-confluence resistance area, formed by the intersection of: The blue resistance zone. The descending trendline. 📌 As EURGBP retests this confluence, we will be looking for trend-following short setups, expecting the broader bearish trend to resume. As always, rather than selling blindly into resistance, we will wait for bearish confirmation before considering any short positions. Will sellers defend this key resistance and continue the downtrend? 🤔 ⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly. 📚 Stick to your trading plan regarding entries, risk, and management. Good luck! 🍀 All Strategies Are Good; If Managed Properly! ~Richard Nasr
Short
by TheSignalyst
2
*EUR/GBP – Interesting London Session Price Action**EUR/GBP – Interesting London Session Price Action 📉** EUR/GBP delivered an interesting price action during today's London session. The market first swept **yesterday's high**, which was almost at the same level as **Tuesday's high**, taking the buy-side liquidity resting above those highs. After the liquidity sweep, price **broke market structure to the downside on the M15 timeframe**, providing the first indication of potential bearish momentum. If price retraces into the **Fair Value Gap (FVG)** or the **Order Block**, a short setup becomes an interesting scenario. The **Fibonacci OTE zone (0.62–0.79)** is also located within this area, adding further confluence. **Below the current price, sell-side liquidity remains untouched**, making it a potential downside objective if the bearish scenario continues to unfold. As always, I focus on scenarios rather than predictions. I will wait for bearish price action to confirm the setup before considering an entry. #Trading #Forex #EURGBP #ICT #PriceAction #Liquidity #SellSideLiquidity #MarketStructure #OrderBlock #FVG #OTE #SmartMoney #DayTrading
Short
by ShaboS
1
EURGBP Bullish for the rest of the year.Seven months ago (December 19 2025, see chart below), we gave a long-term Sell Signal on the EURGBP pair as we saw it form a Bull Cycle Top a month prior: Last week our 0.85000 long-term Target got hit and now the price is rebounding exactly after reaching the 0.618 Fibonacci retracement level, similar to the June - July 2023 bottom formation. Expect the pair to attempt to form a new bottom here and target towards the end of the year the 1W MA50 (blue trend-line) - 0.5 Fib Zone for rejection. Until it resumes the long-term bearish trend, we expect EURGBP to reach 0.86300 at least. Notice also the 1M RSI similarities among the 2023 and 2026 fractals. --- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** --- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
1
Bearish continuation setup?EUR/GBP has rejected off the resistance level, which is a pullback resistance and could drop from this level to our take profit. Entry: 0.8514 Why we like it: There is a pullback resistance level. Stop loss: 0.8549 Why we like it: There is a pullback support level. Take profit: 0.8459 Why we like it: There is a pullback support 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.
Short
by Vantage
EURGBP UPDATEThe EUR/GBP 4-hour chart shows price rebounding from a strong demand zone around 0.8510–0.8520 after a sharp sell-off. Buyers have defended this area well, and the recent bullish impulse suggests short-term momentum is shifting upward. The highlighted demand zone has acted as a key support level, increasing the probability of a continuation higher if it remains intact. A sustained hold above 0.8520 could trigger a move toward the next supply zone around 0.8580–0.8590, which is the primary upside target shown on the chart. A successful breakout above that resistance would further strengthen the bullish structure and could open the way for additional gains. However, if price falls back below the demand zone, the bullish outlook would weaken and sellers could regain control. Overall, the technical structure currently favors a bullish recovery while price remains above the marked support area. Waiting for bullish confirmation, such as strong bullish candles or increased buying volume from the demand zone, would provide higher-probability long opportunities targeting the overhead supply.
Long
by AndrewsMarket-Mastery
Sell EUR/GBP at cluster resistance.The EUR/GBP broke support to the downside a few weeks back what looks like a Pennant pattern. This gives a downside target of around 0.8359 which also coincides with 78.6% Fib level on the weekly timeframe and strong support level. Nothing goes in a straight line and there will be corrections and consolidations along the way. Now I believe we are in a sideways, consolidation period for the MAs to catch up before the next down leg. This seems a great place to sell. Sell Limit : 0.8525 cluster resistance Stop : 0.8565 above descending trendline Profit : 0.8365 before Weekly Fib level 0.8359 Risk 1 : 4 / stop is 40 pips.
Short
by ForexExpats1
EURGBP raction to UK Inflation figures EURGBP continues to trade within the broader prevailing trend, with recent price action showing signs of a corrective pullback phase. Key Level: 0.8570 This area previously acted as a consolidation zone and is currently being monitored as a notable resistance level. Scenario Below 0.8570 If price remains below 0.8570, market structure may continue to reflect near-term downside pressure. In this context, the following levels may act as reference support areas: 0.8500– Near-term support 0.8490 – Intermediate support 0.8470 – Broader support zone Scenario Above 0.8570 A sustained move and daily close above 0.8570 would indicate a shift in the current short-term structure. In that scenario, the following levels may become relevant on the upside: 0.8595 – Initial resistance 0.8620 – Higher resistance zone Conclusion EURGBP remains below an important technical area, with 0.8570 acting as a key reference level for the current price structure. Price behaviour around this zone may help determine whether the market continues within the recent corrective phase or transitions toward further upside continuation. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. To the extent permitted by law, in no event shall Trade Nation (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk. Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Financial Spread Bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.7% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
by Trade Nation
King of the North promises to rebuild BritainDubbed the “King of the North,” Andy Burnham became the United Kingdom’s seventh prime minister in a decade on Monday, following the resignation of Keir Starmer. For gilt investors and pound traders, attention will turn to whether the new government can deliver Burnham’s more interventionist economic agenda while maintaining control over public borrowing and spending. “We will make this moment a circuit breaker for Britain, bringing forward a new political model and a new economic model,” Burnham said in his first speech as prime minister. He pledged to build an economy that places essential services under stronger public control, while using public procurement to support British industry and accelerate the country’s reindustrialisation. He argued that Britain’s current problems were partly the result of decades in which economic power was transferred to the private sector.
by BlackBull Markets
EURGBP bearish below 0,8570 resistanceEURGBP continues to trade within the broader prevailing trend, with recent price action showing signs of a corrective pullback phase. Key Level: 0.8570 This area previously acted as a consolidation zone and is currently being monitored as a notable resistance level. Scenario Below 0.8570 If price remains below 0.8570, market structure may continue to reflect near-term downside pressure. In this context, the following levels may act as reference support areas: 0.8500– Near-term support 0.8490 – Intermediate support 0.8470 – Broader support zone Scenario Above 0.8570 A sustained move and daily close above 0.8570 would indicate a shift in the current short-term structure. In that scenario, the following levels may become relevant on the upside: 0.8595 – Initial resistance 0.8620 – Higher resistance zone Conclusion EURGBP remains below an important technical area, with 0.8570 acting as a key reference level for the current price structure. Price behaviour around this zone may help determine whether the market continues within the recent corrective phase or transitions toward further upside continuation. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. To the extent permitted by law, in no event shall Trade Nation (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk. Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Financial Spread Bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.7% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
by Trade Nation
EURGBP H1 | Bearish Reaction Off Key ResistanceMomentum: Bearish Price is currently below the ichimoku cloud. Sell entry: 0.85316 - Pullback resistance - 71% Fib retracement - 161.8% Fib extension - Fair value gap Stop Loss: 0.85409 - Swing high resistance Take Profit: 0.85193 - Overlap support High Risk Investment Warning Stratos Markets Limited (fxcm.com/uk), Stratos Europe Ltd (fxcm.com/eu): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Global LLC (fxcm.com/en): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. 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. 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 TFA Global Pte Ltd. Stratos Trading Pty. Limited (fxcm.com/au): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at fxcm.com/au
Short
by FXCM
1
EURGBP Bearish Rejection Inside Descending Channel | 1H Analysis EURGBP remains under bearish pressure while trading inside a descending channel. Price has once again been rejected from the highlighted resistance zone, reinforcing the bearish market structure. As long as price stays below resistance and the channel’s upper boundary, sellers remain in control. A confirmed move below the recent low could accelerate the decline toward the projected support levels. Key Levels: * 🔴 Resistance: 0.8532 – 0.8539 * 🟦 1st Support: 0.8501 * 🟦 2nd Support: 0.8486 * 📉 Bias: Bearish while below resistance.
Short
by Apex_Legends
9
EURGBP Update: Remains Under Bearish Pressure Within An ImpulseEURGBP is moving nicely lower as anticipated back in May and June, continuing the expected decline after completing the previous corrective structure. The pair is now developing the final wave E, which can take some time to complete, as wave E is expected to unfold in a three-wave (A)(B)(C) structure. Following the completion of the wave (B) bearish triangle pattern, EURGBP has started a strong decline within the projected wave (C) of E. The current downside structure suggests there is still room for further weakness, with the 0.8400–0.8300 area becoming an important potential target zone. This move could unfold through a lower-degree five-wave bearish impulse, completing the final stages of the larger corrective pattern. On the 4H chart, EURGBP continues to extend lower as expected on July 1st, but currently it can be making a higher degree abc correction in wave 4, which could retrace the price back toward the ideal 38,2% Fibonacci retracement and 0.8545 resistance area before the next leg lower begins within wave 5. As long as the broader bearish structure remains intact, any recovery should be viewed as corrective rather than a trend reversal.
by ew-forecast
EUR/GBP Market BreakdownFollowing our look at EUR/USD, let's turn to EUR/GBP. While the euro faces headwinds from German economic concerns, the pound is enjoying a rare moment of relative strength. This pair is telling a story of two currencies moving in opposite directions. Technical Analysis Looking at the 4 hour chart, EUR/GBP is currently trading near 0.85416, showing a slight decline of 0.03% on the session. The pair has been in a clear downtrend, with sellers firmly in control and price hovering near recent lows. Key Levels to Watch Resistance Zone: 0.85400 to 0.86000 Immediate resistance sits at 0.85400, which is currently being tested. A break above this level could see a move toward 0.85600 and then the 0.86000 area. The recent high near 0.86952 marks the upper boundary of the broader range. Support Zone: 0.85000 to 0.84900 On the downside, immediate support lies at 0.85000, with stronger support near the recent low at 0.84938. A break below this level would signal further bearish momentum and could open the door toward 0.84800 and potentially lower. Price Action The pair has been consolidating in a tight range over recent sessions, with price action stuck between 0.85000 and 0.85400. This suggests indecision in the market as traders wait for a catalyst. The broader structure shows a clear downtrend, with each rally attempt being rejected at lower highs. However, the current consolidation near support levels suggests the selloff may be losing some steam. A break above 0.85400 with momentum could signal a short term pullback, while a break below 0.85000 would confirm continued bearish pressure. Fundamental Analysis The Euro's Problem: Germany and ECB Divergence The Volkswagen restructuring story continues to weigh on the euro. With up to 100,000 jobs potentially on the line, concerns about German economic weakness are mounting. Germany is the Eurozone's largest economy, and weakness here ripples across the entire region. This comes at a time when the ECB's hawkish stance is already being questioned. The ECB hiked rates in June, but markets are increasingly doubting whether another hike will follow. Fading expectations for further tightening have kept the euro on the defensive against major counterparts. The Pound's Tailwind: Politics and Policy Sterling has found two rare supports that the euro simply cannot match. Political Risk Collapse The UK political picture has cleared significantly. Prime Minister Keir Starmer resigned three weeks ago, and Andy Burnham secured the support of the vast majority of Labour MPs to replace him. This smooth transition has unwound a political discount that had been weighing on the pound, allowing sterling to find its footing. BoE Hawkish Tilt The Bank of England held rates at 3.75% in June, but two dissenters pushed for a hike. The Hormuz oil shock has paradoxically strengthened the hawkish case, as higher energy prices threaten to feed inflation in the energy sensitive UK economy. This hawkish undertone supports the pound. The Carry Gap At 2.25%, the ECB deposit rate sits a full 150 basis points below the Bank of England's 3.75% Bank Rate. This substantial carry advantage continues to support sterling against the euro, making the pound more attractive from a yield perspective. A Contrarian View to Watch While the near term picture favors the pound, some analysts maintain a long EUR/GBP stance. They argue that a more hawkish ECB path versus the BoE could narrow front end rate differentials and push the pair toward 0.90 over the coming months. This view is worth monitoring if ECB inflation data surprises to the upside. What to Watch Next Breakout Levels A break above 0.85400 with momentum could target 0.85600 and then 0.86000. A break below 0.85000 would likely retest the recent low at 0.84938 and potentially open the door toward 0.84800. Key Data UK monthly GDP and industrial production figures on Thursday will be sterling's main domestic test. Final Eurozone HICP on Friday should confirm the inflation picture and influence ECB expectations. Central Bank Speeches Huw Pill, the BoE's Chief Economist and a hawkish dissenter, speaks Monday. BoE Governor Bailey speaks Tuesday. Their tone will shape rate expectations and impact the pair. Risk Events Further negative Volkswagen headlines could weigh on the euro. Escalation of geopolitical tensions could also shift the dynamic and drive safe haven flows. Final Thought EUR/GBP is at a pivotal moment. The bearish trend is intact, with the pair trading near recent lows and hovering just above strong support at 0.85000. Sterling's political risk collapse and BoE hawkish tailwinds are keeping pressure on the euro. However, with the pair consolidating near support levels, traders should watch for a potential breakout to determine the next direction. Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial advice. Trading forex carries significant risk and may not be suitable for all investors. Always conduct your own research and consider your risk tolerance before trading.
by easyMarkets
Euro-pound reaches fresh annual lowsThe pound made strong gains on 15 July against most major currencies including the euro as participants expected less of a lurch leftward by the incoming British government under Andy Burnham. The ECB seems to be broadly more hawkish than the BoE with a hike by the former likely in September, but the difference in rates remains 1.25% in favour of the pound, so the carry trade in itself will probably continue to pressure euro-pound lower. Although the downtrend now seems obvious, this situation is challenging for new sellers because the price is so strongly oversold. With volume having been mostly steady since last month, selling around the lows seems even more questionable than usual. The 61.8% weekly Fibonacci retracement is also a possible support. A bounce to around 85p or at least a move out of oversold based on Bands and the slow stochastic might derisk the entry somewhat. The 50% Fibo around 85.4p is a possible resistance and might cap any potential bounce to come, but basic fundamentals don’t support an ongoing strong bounce. Apart from the British job report and inflation coming up on 21 and 22 July respectively, traders will also watch the ECB’s press conference on 23 July closely. This is my personal opinion, not the opinion of Exness. This is not a recommendation to trade.
Short
by Michael_Stark_Exness