Get started

Euro / British Pound

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Economic Calendar

EURGBP trade ideas

EURGBP - Breaking trendline, suggesting downside correctionThe price action on the EURGBP presents an opportunity of structural transition. The ascending trendline has acted as dynamic support, has pushed upmoves beautifully. This trendline is marked by good rejections, reflected bullish dominance. The recent movement though could signal a shift. The market has started to break above this ascending structure, and it could early suggest that bullish momentum is weakening. I will be waiting for the price to return to the broken trendline. A confirmation pattern in order to filter false moves, a structure retest that reinforces breakout reliability. From this base, I am expecting it to target the 0.85600 level. An ideal approach here would involve observing the character of the pullback. If the market returns to the trendline with strong bullish volume, it strengthens the bullish case. The trendline break on the chart is not just a signal, it’s a storyline being told. It marks a shift with a story. And if volume, structure and timing align as they appear poised to, this move could be the first move in a broader downside correction.
Short
by TrendDiva
12
EUR/GBP –Breakdown from Ascending Channel, Bearish Targets AheadEUR/GBP has completed a significant technical shift after breaking down from its prolonged ascending channel and bullish trendline that started in early June. Price action previously respected the channel with higher lows (Bottom 1, Bottom 2, Bottom 3) and consistent bullish momentum, but the recent failure to create a new high, combined with the formation of a lower high, signaled early weakness. The breakdown occurred as sellers gained control below the demand zone, pushing price out of the channel and closing under key structural support. This move invalidates the short-term bullish bias and opens the door for a potential continuation toward deeper downside levels. Key technical points: Breakdown from upward channel and bullish trendline. Lower high formation before the breakdown. Demand zone breach increases bearish probability. Retests of broken trendline could act as resistance. Bearish Targets: Target 1: 0.86000 – initial support and psychological round number. Target 2: 0.85410 – mid-range structural support. Target 3: 0.85004 – major horizontal support and potential reversal zone. Traders should monitor how price behaves on any retest of the breakdown area. A strong rejection from this zone would confirm bearish momentum, while a failed retest reclaiming the channel could signal a false breakout. This analysis is intended for educational purposes only and should not be taken as financial advice. Always manage risk and follow your trading plan
Short
by ProfitMagnet-Pro
4
EURGBP Technical & Order Flow AnalysisOur analysis is based on a multi-timeframe top-down approach and fundamental analysis. Based on our assessment, the price is expected to return to the monthly level. DISCLAIMER: This analysis may change at any time without notice and is solely intended to assist traders in making independent investment decisions. Please note that this is a prediction, and I have no obligation to act on it, nor should you. Please support our analysis with a boost or comment!
Long
by Derry_Trades
5
EURGBP Will Go Up From Support! Buy! Please, check our technical outlook for EURGBP. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 0.862. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 0.874 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
2
DeGRAM | EURGBP is rolling back to support📊 Technical Analysis ● EUR/GBP has broken down from the rising channel, with price now correcting toward the channel’s lower support line—highlighting a shift from bullish to neutral-to-bearish momentum. ● A potential rebound is likely if support near 0.8611–0.8620 holds, which could pave the way for a recovery back toward 0.8695 resistance. Failure here opens the path toward 0.8600 or lower. 💡 Fundamental Analysis ● The pound has been bolstered by markets scaling back rate‑cut expectations, following a 5‑4 BoE split vote and cautionary tone on inflation and further easing. ● GBP is also supported by the weaker euro, amid investor concern over an uneven US‑EU trade deal that’s undermining confidence in euro‑zone strength. ✨ Summary Buy from 0.8611–0.8620; target 0.8695. Setup invalid if price closes below 0.8600. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Long
by DeGRAM
3
British Pound will bounce up from support line of channelHello traders, I want share with you my opinion about British Pound. The market structure has undergone a notable transition from a bullish to a bearish phase, with the breakdown from a prior upward channel leading to the formation of a new, well-defined downward channel. This has shifted the market's momentum, with price action now being governed by the descending boundaries of this new formation, respecting the seller zone near the top and finding temporary footing at the bottom. The price has recently completed a significant downward impulse within this structure, arriving at a critical confluence of support around the 0.8600 level. This area is highly significant as it represents the intersection of the channel's lower support line and a strong horizontal buyer zone that has previously provided a floor for the price. The primary working hypothesis is a long, rotational scenario, based on the high probability of a bullish reaction from this key support cluster. A confirmed bounce from the buyer zone would signal that a corrective upward rebound is underway, offering an opportunity for a move back towards the upper boundary of the channel. Therefore, the TP for this long idea is logically placed at the 0.8700 resistance level. This target aligns perfectly with the major seller zone and the channel's upper resistance line, representing the most probable destination for a counter-trend rally of this nature. Please share this idea with your friends and click Boost 🚀 Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
Long
by LegionQ8
EURGBP Will Go Lower From Resistance! Short! Here is our detailed technical review for EURGBP. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 0.866. Taking into consideration the structure & trend analysis, I believe that the market will reach 0.851 level soon. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
DeGRAM | EURGBP reached the lower boundary of the channel📊 Technical Analysis ● EURGBP rebounded from the lower boundary of its descending channel, signaling a potential short-term trend reversal. ● A break above 0.8634 resistance could trigger a rally toward 0.8694, while holding above 0.8607 keeps the bullish scenario intact. 💡 Fundamental Analysis ● Euro support is emerging as ECB officials hint at delaying further easing, while UK growth data underperformed expectations, softening GBP demand. ✨ Summary Bullish above 0.8607; targets 0.8634 → 0.8694. Invalidation below 0.8607. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Long
by DeGRAM
1
Bearish drop?EUR/GBP is rising towards the pivot and could drop to the 1st support. Pivot: 0.8684 1st Support: 0.8608 1st Resistance: 0.8750 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets