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EUR/GBP Breakdown in Play: Time to Target the Next Support Below🔍 Technical Analysis Summary: EUR/GBP (Daily) The pair is in a clear downtrend, with two descending blue trendlines confirming strong bearish pressure. After breaking below key support (now turned resistance), the price is forming lower highs and lower lows, a classic bearish continuation pattern. Currently, price is testing the trendline zone after a steep rejection, indicating renewed selling interest at resistance. Price failed to break above recent structure, validating the short setup further. 📉 Bearish Confluences 1. Descending Trendline The price respects a multi-month downward trendline, rejecting it multiple times — confirming institutional selling interest. 2. Failed Retest of Structure (0.8465) This level acted as prior support and has flipped into strong resistance. Price was rejected upon retesting, validating bearish continuation. 3. Momentum Shift Candlestick structure and shrinking bullish bodies near resistance show fading bullish momentum — favoring sellers. 4. Lower Highs and Lower Lows The chart clearly prints lower highs, indicating continuous bearish structure since early April. ✅ Trade Setup: Short Position • Entry Point 🟡 Current market price around 0.83710–0.83740 after rejection from resistance • Stop Loss (SL) 🔴 Above recent resistance and trendline at 0.84650 • Take Profit 1 (TP1) 🟢 Near recent support zone at 0.83234 • Take Profit 2 (TP2): 🟢 Near major trendline confluence / stronger support at 0.82218 📌 Final Thoughts This EUR/GBP short setup is technically sound: • It aligns with the overall trend • Resistance has been confirmed with rejection wicks and weak bullish candles • Bearish structure and trendline resistance remain intact 💡 Unless EUR/GBP breaks above 0.84650, the bias remains bearish, and this setup favors a continuation toward lower supports.
Short
by SupertradeOfficial
HOT PICK OF THE DAY EURGBP SHORT FORECAST Q2 W22 D29 Y25🔥👀TECHNICAL HOT PICK OF THE DAY ALONGSIDE HTF 50 EMA EURGBP SHORT FORECAST Q2 W22 D29 Y25 Professional Risk Managers👋 Welcome back to another FRGNT chart update📈 Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure. Let’s see what price action is telling us today! 💡Here are some trade confluences📝 ✅Weekly order block ✅15' order block ✅Intraday bearish breaks of structure ✅Tokyo ranges to be filled 🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies. 📈The rest, we leave to the balance of probabilities. 💡Fail to plan. Plan to fail. 🏆It has always been that simple. ❤️Good luck with your trading journey, I shall see you at the very top. 🎯Trade consistent, FRGNT X
Short
by JCFRGNT
EUR/GBP Weekly Breakout With Potential Retest Toward 0.85On the weekly timeframe, EUR/GBP has broken above a long-standing descending trendline that has acted as dynamic resistance since late 2022. This trendline has been respected multiple times, as shown by the repeated rejections near the line, indicating strong selling pressure in previous attempts. However, the recent bullish breakout marks a potential shift in the market structure. After a clean break above the descending trendline, price has started to retrace toward the breakout zone. This behavior is typical and aligns with classical technical analysis, where previous resistance often turns into new support. The region around the broken trendline, particularly near the psychological level of 0.8500, now becomes a key area to watch for a retest and potential bounce. A successful retest around 0.835–0.84 could signal continuation of the bullish breakout, with 0.8500 serving as the next key resistance and potential short-term target. A rejection from this area, combined with bullish candlestick confirmation, could offer a favorable long entry opportunity. However, if the retest fails and price falls back below the trendline, it would invalidate the breakout structure and could indicate a false breakout scenario. Trade Plan: Retest Entry Zone: 0.8350–0.8400 (look for bullish confirmation) Target: 0.8500 (psychological resistance) Stop-Loss: Below 0.8300 (to invalidate trendline support) This setup reflects a textbook breakout-and-retest structure, offering a clear technical roadmap supported by trendline theory and psychological level behavior. Traders should wait for confirmation before committing to a position. Disclaimer: This analysis is part of a trading plan and does not constitute trading advice. Always apply proper risk management in every trading decision.
Long
by DNP-FX
EURGBP INTRADAY downtrend continuation capped at 0.8420Trend: The overall sentiment remains bearish, with price action below key resistance levels. Recent Movement: Price is forming an oversold basing pattern near a previous swing low, indicating potential for a short-term bounce. Key Levels Resistance: 0.8420 – Critical level from previous consolidation. Above that: 0.8435, then 0.8450 – Further resistance if bullish momentum builds. Support: 0.8360 – Immediate support. Below that: 0.8350, then 0.8330 – Deeper support zones on continued weakness. Trading Scenarios Bearish Continuation: A failed rally near 0.8420 followed by rejection, could lead to a move lower toward 0.8360, 0.8350, and 0.8330. Bullish Reversal: A break and daily close above 0.8420 would negate the bearish bias and open the door to a rally toward 0.8435 and potentially 0.8450. Conclusion EUR/GBP remains bearish overall, but short-term oversold conditions could trigger a bounce. Watch the 0.8420 level closely—rejection favours downside continuation, while a breakout would signal a shift to a more bullish outlook. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
The Day Ahead Key Economic Data United States Richmond Fed Manufacturing Index (May) Insight into regional manufacturing. Weak data may increase rate cut expectations. Dallas Fed Services Activity Measures service sector strength; can affect Fed rate outlook. Germany Unemployment Claims Rate (May) Higher unemployment could support a more dovish ECB. Import Price Index (April) Key for inflation outlook; may influence euro and bund yields. France PPI, Consumer Spending, Q1 Payrolls Indicators of inflation and consumer strength. Can affect Eurozone equities and ECB expectations. Australia CPI (April) Major driver for AUD and rate expectations. A high print could push AUD higher. Central Bank Events FOMC Minutes Traders will watch for signals on inflation concerns and future rate path. Fed Speakers: Williams, Kashkari Comments may influence expectations for Fed policy shifts. ECB Consumer Expectations Survey Insight into Eurozone inflation expectations. Affects EUR. RBNZ Decision Direct impact on NZD. A hawkish stance could lift NZD. Earnings (Market Movers) NVIDIA High-impact for NASDAQ and AI stocks. Watch for volatility and options activity. Salesforce Key for tech sector sentiment, especially SaaS names. Synopsys, Agilent, Abercrombie & Fitch Sector-specific insights: semis, health, consumer. Bond Auctions US 2-Year FRN US 5-Year Notes Auctions may impact Treasury yields and USD. Weak demand could push yields higher. Trading Focus Watch USD, AUD, EUR, NZD around data and central bank events. NVIDIA earnings could shift tech and AI market sentiment. Treasury yield curve may move on Fed minutes and auctions. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
HOT PICK ALONGSIDE HTF 50 EMA - SHORT FORECAST Q2 W22 D28 Y25 🔥👀TECHNICAL HOT PICK ALONGSIDE HTF 50 EMA EURGBP SHORT FORECAST Q2 W22 D28 Y25 Professional Risk Managers👋 Welcome back to another FRGNT chart update📈 Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure. Let’s see what price action is telling us today! 💡Here are some trade confluences📝 ✅Weekly order block ✅15' order block ✅Intraday bearish breaks of structure ✅Tokyo ranges to be filled 🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies. 📈The rest, we leave to the balance of probabilities. 💡Fail to plan. Plan to fail. 🏆It has always been that simple. ❤️Good luck with your trading journey, I shall see you at the very top. 🎯Trade consistent, FRGNT X
Short
by JCFRGNT
EURGBP - Smart Money Short Setup🔽 Looking for a short opportunity around key resistance and order block zones. Plan A – Resistance Rejection Short Price has tapped into a strong resistance zone (0.83983–0.83938) and is showing rejection near the trendline. Entry triggered at 0.83938 with stop loss at 0.83993. Targeting 0.83732 for a solid RR. Plan B – Order Block Short (If Resistance Breaks) If resistance fails, I’ll wait for price to enter the bearish order block (0.84078–0.84048). Entry planned at 0.84031, SL at 0.84086, TP remains the same at 0.83732. 📍 Entry: 0.83938 🎯 Take Profit: 0.83732 🛑 Stop Loss: 0.83993 🔥 RR: Solid 1:3 type risk-reward If above one hits sl, use below 📌 Entry #2: 0.84031 🎯 Target: 0.83732 🛑 Stop Loss: 0.84086 🔥RR:- 5.44 Risk-Reward Trendline still holding well, and structure favors continued bearish pressure. Waiting for price to deliver into premium zones before looking for reaction. Following Smart Money logic with price action confirmations. Let’s see how it plays out.
Short
by PraveenTrader1
EURGBPLooking at your EUR/GBP analysis, the pair appears to be approaching a critical reversal zone that could mark the end of the current downtrend. The price action shows a clear Elliott Wave structure, with what appears to be a completed 5-wave decline from the highs marked at point (a). Currently, the pair is testing the significant support area highlighted in the pink box around the 0.786 level (0.83479), which coincides with the completion of wave 5. This convergence of technical factors suggests we're entering a high-probability reversal area. The completion of the impulsive wave structure, combined with the pair reaching this key support zone, indicates that selling pressure may be exhausting. From this level, we should anticipate a bullish reversal to develop soon. The initial upside targets would likely include the previous wave 4 area and the descending trendline resistance. A successful break above these levels would confirm the trend reversal and open the path for a more substantial recovery move. Traders should watch for early signs of buying interest, such as bullish candlestick patterns or positive divergences on momentum indicators, to confirm the anticipated reversal. The risk-reward setup appears favorable for long positions near current levels, with stops below the support box.
Long
by montioga
Bullish bounce?EUR/GBP is falling towards the pivot and could bounce to the 1st resistance, which has been identified as an overlap resistance. Pivot: 0.8377 1st Support: 0.8326 1st Resistance: 0.8461 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.
Long
by ICmarkets
Could the price bounce from here?EUR/GBP is falling towards the support level that lines up with the 127.2% Fibonacci extension and the 61.8% Fibonacci projection and could bounce from this level too ur take profit. Entry: 0.8373 Why we like it: There is an overlap support level that lines up with the 127.2% Fibonacci extension and the 61.8% Fibonacci projection. Stop loss: 0.8322 Why we like it: There is a pullback support level that is slightly above the 100% Fibonacci projection. Take profit: 0.8444 Why we lik eit: There is a pullback resistance 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.
Long
by VantageMarkets
Why EUR vs GBP Could Be Your Best Trade This Week!When it comes to forex swing trading or even forex intraday trading, the temptation to zoom into lower timeframes—like the 15-minute or 1-hour charts—is strong. Most forex traders focus on short-term momentum, often diving into scalping strategies that chase quick pips. However, the real edge lies where most don’t look: the higher timeframes, particularly the weekly chart. The EUR/GBP forex pair is a perfect example of these higher timeframes' power, especially when paired with smart money concepts like demand and supply imbalances. EUR/GBP: A Hidden Gem for Forex Swing Traders The EUR/GBP Forex cross pair is often overlooked compared to major USD-based pairs. However, for seasoned swing traders and institutional players, EUR/GBP offers deep liquidity, cleaner technical analysis and price action structures, and strong reaction zones that are respected time and time again. At the end of May 2025, a significant weekly demand imbalance at 0.8384 finally took control of price action—something smart money traders had been anticipating for months. This wasn't a surprise for those watching the higher timeframes. Similar to how the previous weekly imbalance at 0.8299 took control in February 2025, these zones have proven critical in guiding the medium- to long-term direction of EUR/GBP.
Long
by AlfonsoMoreno
EURGBP Expected Growth! BUY! My dear friends, Please, find my technical outlook for EURGBP below: The instrument tests an important psychological level 0.8393 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 0.8412 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
EUR/GBP Bullish Breakout Forming – Falling Wedge & Retest SetupEUR/GBP has been in a prolonged downtrend over the past several weeks, characterized by lower highs and lower lows. However, the recent price action shows signs of exhaustion in selling pressure, as the candles begin to compress into a Falling Wedge pattern — a classic bullish reversal formation. The wedge is defined by two descending, converging trendlines. As price moves closer to the apex of this wedge, volatility contracts and volume typically dries up (not shown here, but conceptually expected). This signals that market participants are preparing for a directional breakout, most likely to the upside in this context. 🔍 Key Technical Elements: 🔸 1. Falling Wedge Pattern: The Falling Wedge is a bullish setup that forms during a downtrend and signals a potential reversal when confirmed. Price here has followed a steady decline, but the slowing momentum and structure of the wedge suggest the sellers are losing control. The wedge acts as a compression zone, where bearish moves are becoming less impactful. Price touches both upper and lower wedge boundaries multiple times, increasing pattern validity. A breakout has already occurred, and the pair is now undergoing a textbook retest of the broken wedge resistance (now acting as support). 🔸 2. Retest at Key Support Zone (SR Interchange): The retest is happening precisely at a former support/resistance flip zone, labeled SR – Interchange on the chart. This is a historically significant area where price has reacted multiple times, adding confluence to the setup. If this level holds during the retest, it may invite strong buying interest, fueling the bullish breakout move. 🔸 3. Resistance Zones & Targets: Inner Resistance (~0.8460): First hurdle for bulls; breaching this will signal strong momentum. Minor Resistance (~0.85618): This is the primary target of the setup, based on previous structure and wedge height projection. Major Resistance (~0.8740): A longer-term bullish objective if momentum sustains beyond the first two targets. These zones serve as logical areas for profit-taking and reassessment. 📐 Measured Move & Target Projection: The projected breakout target of 0.85618 is derived using a combination of: The vertical height of the wedge at its thickest point. Previous market structure resistance zones. Fibonacci and price symmetry (if analyzed further). This target also aligns with a previous supply zone, making it a strong magnet for price if bullish momentum kicks in. 💡 Trading Plan (Not Financial Advice): This setup provides a good risk-to-reward opportunity if executed with patience and proper confirmation: Entry Zone: After bullish confirmation at the retest (e.g., bullish engulfing candle, pin bar, or break of minor lower high). Stop Loss: Below the SR Interchange zone or recent swing low (~0.8350–0.8360). Target 1: Inner Resistance (~0.8460) Target 2: Minor Resistance (~0.85618) Target 3 (extended): Major Resistance (~0.8740) 🔄 Market Psychology: This chart setup reflects a shift in momentum and sentiment: Sellers have driven the price down consistently but have failed to create new significant lows with force. Buyers are stepping in at key demand zones, creating higher lows within the wedge. The breakout suggests smart money accumulation, and the current retest offers one of the last low-risk entries before a broader move. 🔔 Confirmation to Watch: Bullish reversal candlestick patterns at the retest zone. Break above local lower highs near 0.8440–0.8460. Momentum indicators (if used) showing divergence or crossover confirmation. 📉 Bias: Short-Term Bullish Valid if support at 0.8390–0.8400 holds and price confirms breakout continuation. 🧠 Minds Post (Expanded Explanation) Title: EUR/GBP Bullish Reversal Developing – Falling Wedge Breakout Retest EUR/GBP has broken out of a textbook falling wedge on the 4H chart, which often signals the end of a downtrend and beginning of a new bullish phase. The price is currently pulling back, testing the breakout zone — a crucial step in confirming the validity of the breakout. If this retest holds, we may see a sharp move toward the 0.8460 and 0.8560 levels — both key resistances based on past price action. This pattern reflects a deeper market psychology shift — from consistent bearish dominance to a potential bullish takeover. Smart money may already be positioning here. I’m watching for confirmation at the support zone around 0.8390. If price holds and breaks above local highs, a continuation toward the upper resistance is likely. Let the market come to you. Don’t chase. Wait for structure, then trade with confidence.
Long
by GoldMasterTrades