EURGBP(
EURGBP) is moving between two Support zone(0.83870 GBP-0.83500 GBP) and Resistance zone(0.8511 GBP-0.8470 GBP).
In terms of Classic Technical Analysis, EURGBP has managed to break the Neckline of the Inverse Head and Shoulders Pattern.
I expect EURGBP to rise to at least 0.84911 GBP and attack the Resistance zone(0.8511 GBP- 0.8470 GBP).
-----------------------------------------------------------
EURGBP Fundamental Analysis:
1. Eurozone (EUR) Overview:
The Eurozone economy has shown moderate recovery signs after pandemic disruptions.
Inflation remains a concern, but the European Central Bank (ECB) is expected to maintain or even tighten monetary policy gradually to combat inflation.
Economic data such as GDP growth and industrial production are mixed but generally indicate slow growth.
Political stability in the Eurozone is relatively steady compared to the UK.
The ECB’s forward guidance leans towards cautious optimism, supporting EUR strength over time.
2. United Kingdom (GBP) Overview:
The UK economy faces several challenges, including slower growth prospects compared to the Eurozone.
Inflation has been high but the Bank of England (BoE) has been raising interest rates aggressively to control it.
Political uncertainties related to Brexit aftermath, trade deals, and fiscal policies have created some volatility.
Consumer confidence and retail sales have shown signs of weakness in recent months.
Overall, the BoE’s hawkish stance is strong, but economic fundamentals are less robust compared to the Eurozone.
3. Comparative Factors Favoring EUR Long:
The Eurozone's relatively better economic stability and growth prospects support EUR strength.
UK economic challenges and political uncertainties weaken GBP.
ECB’s more gradual tightening approach may prevent shocks, making EUR attractive.
Brexit-related trade issues continue to pose risks for GBP.
4. Risks to Consider:
Unexpected ECB dovish moves could weaken EUR.
Positive UK economic surprises or faster-than-expected BoE tightening might strengthen GBP.
External shocks like geopolitical tensions can affect risk sentiment, impacting both currencies.
-----------------------------------------------------------
Note: Stop Loss(SL)= 0.84221 GBP
Euro/British Pound Analyze (EURGBP), 4-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
EURGBP) is moving between two Support zone(0.83870 GBP-0.83500 GBP) and Resistance zone(0.8511 GBP-0.8470 GBP).In terms of Classic Technical Analysis, EURGBP has managed to break the Neckline of the Inverse Head and Shoulders Pattern.
I expect EURGBP to rise to at least 0.84911 GBP and attack the Resistance zone(0.8511 GBP- 0.8470 GBP).
-----------------------------------------------------------
EURGBP Fundamental Analysis:
1. Eurozone (EUR) Overview:
The Eurozone economy has shown moderate recovery signs after pandemic disruptions.
Inflation remains a concern, but the European Central Bank (ECB) is expected to maintain or even tighten monetary policy gradually to combat inflation.
Economic data such as GDP growth and industrial production are mixed but generally indicate slow growth.
Political stability in the Eurozone is relatively steady compared to the UK.
The ECB’s forward guidance leans towards cautious optimism, supporting EUR strength over time.
2. United Kingdom (GBP) Overview:
The UK economy faces several challenges, including slower growth prospects compared to the Eurozone.
Inflation has been high but the Bank of England (BoE) has been raising interest rates aggressively to control it.
Political uncertainties related to Brexit aftermath, trade deals, and fiscal policies have created some volatility.
Consumer confidence and retail sales have shown signs of weakness in recent months.
Overall, the BoE’s hawkish stance is strong, but economic fundamentals are less robust compared to the Eurozone.
3. Comparative Factors Favoring EUR Long:
The Eurozone's relatively better economic stability and growth prospects support EUR strength.
UK economic challenges and political uncertainties weaken GBP.
ECB’s more gradual tightening approach may prevent shocks, making EUR attractive.
Brexit-related trade issues continue to pose risks for GBP.
4. Risks to Consider:
Unexpected ECB dovish moves could weaken EUR.
Positive UK economic surprises or faster-than-expected BoE tightening might strengthen GBP.
External shocks like geopolitical tensions can affect risk sentiment, impacting both currencies.
-----------------------------------------------------------
Note: Stop Loss(SL)= 0.84221 GBP
Euro/British Pound Analyze (EURGBP), 4-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Trade active
Trade was activated after pullback to necklineNote
You can transfer the Stop Loss(SL) to 0.8448 GBP = Risk FreeTrade closed: target reached
Target Done
🎁Welcome than a 50% bonus(Low Spread)👉vtm.pro/Y3AV7r
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🎁Welcome than a 50% bonus(Low Spread)👉vtm.pro/Y3AV7r
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.