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Shorteurgbp

EUR/ GBP ! 10/31 ! resistance SELL NOW EUR/ GBP trend forecast October 31, 2024 EUR/GBP trades slightly lower near 0.8360 early Thursday in Europe, easing after gains from the previous session. However, the Euro may find support as investors reduce expectations for a large ECB rate cut in December, following stronger-than-expected economic data from the Eurozone and Germany on Wednesday. Focus now shifts to Thursday's release of the Eurozone HICP. H1 resistance - selling pressure exists in this area, besides, today's EUR news data is also predicted by experts to be bad, creating conditions for price to decrease. /// SELL EUR/GBP : zone 1.83780 - 1.83980 SL: 1.84250 TP: 60 - 120 - 200 pips (1.81980) Safe and profitable trading
Short
by Moon-ForexAcademy
1
Entry in short: 0.382% or 0.618% of FIBOIn this analysis, in H1 we see a possible entry in short position in EUR/GBP using these Fibonacci levels Now, In Daily we see a bearish scenario So, that is all my simple analysis and just is wait for entry in short position. Fundamentals Keys: 1. Pound to Euro exchange rate range bound as Eurozone Factory output increases strongly in August 2. Euro is struggled to gain agains Sterling Pound after the Eurozone's final manufacturing PMI for Aug was 51.7 3. Nevertheless, fears over a resurgence of covid-19 cases in Europe has dragged on the single currency's gain 4. Chris Williamson, chief Business Economist at IHS Markit, commented on the Eurozones manufacturing data this: "Eurozone factory aoutput rose strongly again in August, providing further encoraging evidence that production will rebound sharply in the third quarter after the collapse seen at the height of the covid-19 pandemic in the second quarter". 5. The Germany unemployment rate ramained unchanged 6.4% 6. Germany's labour office said thatt the number of people on short-term work schemes had dropped to 5.36 million in June from May was 5.82 million of incomes. 7. Pound is strongest about the UK manufacturing data in August. 8. Duncan Brock, Group Director at the Chartered Institute of Procurament and supply, commented on the data: "It seem the sector may be experiencing a "V" shaped recovery with the fastest rate of growth in the manufacturing sector since MAY 2014. Companies are looking at how to stay in business for the rest of the year as challenges from the pandemic retreat a little only to be replaced a little only to be replaced by an inminent Brexit exit strategy. 9. Euro investors will be looking ahead to tomorrow's Germany retail sales report for July. But any improvement in the Eurzone's powerhouse economy, ratail sector would prove an Euro positive 10. Unespectedly negative Eurozone inflation boost pound to Euro exchange rate to monthly best 11. August's finanlized roft of Eurozone manufacturing PMI and showed signs of economy recovery in the Eurozone. ***Very important is that tomorrow it's will be a news about the German Retail Slaes: It's a measures the change of the total value of inflation-adjusted sales at the retail sales, and tomorrow this news it's will be a good point of German's economy, that could be a Euro's up in this section while we hope an entry in short in those levels of FIBO, Otherpoint is the Euro negative rates that European Central Banks want, and investor are awaiting this data of ECB for this months, whilemean our workd is always read news.
Short
by harisonhbn9718
1
Bearish EURGBPMy opinion on FX:EURGBP is bearish, we had surprising news from the ECB monetary policy statement which drove the Euro down with their stimulus package that attempts to boost the Eurozone economy, the press conference and the announcement of the ECB calling for a big fiscal stimulus as the ECB has mentioned that monetary policy would not be enough alone to help stimulate the Eurozone looking towards nations of the Eurozone to step up and boost their fiscal spending, during this press conference the ECB promised QE until their goals for inflation and growth were met with grantees of a rate cut next week was perceived as being bullish the Euro by the market which created a V reversal. However the next day on the Euro against the Pound Sterling this was not enough to sustain the reversal unlike most Euro pairs with the market breaking the previous outside return suggesting to me that the market may be planning on reaching the lows of 0.84939 but there is still the issue of the big known unknown of Brexit and we shall see next week what the UK plans on doing but for now since I am a purely technical analyst I will be looking for a retracement into my killzone looking for a reason for entry.
Short
by Confluence_trading
EURGPB has local downtrend. So lets try to catch some profit! ))I open sell position on EURGBP at 0.8784. SL 0.8813 because pair can go higher and make another higher extremum near 0.8800 TP1 - 0.8748 RiskRewardRatio - 1.3 TP2 - 0.8726 RiskRewardRatio - 2.0 TP3 - 0.8711 RiskRewardRatio - 2.5 Off course i will close profit position manually if i'll see somithing wrong. If EURGBP going lower - you need to see EURUSD and GPBUSD pairs. At that time EURUSD may going down faster than GBPUSD.
Short
by bigwashing87
Shorting EurgbpThe reason I am shorting the EURGBP are listed below: 1) There has been a very strong resistance line dating back to June with 5 attempts to the upside and only breaking it twice but it has been a zone that is not easy to break. 2) The pair has been in a strong downtrend since early September and I believe it is now in an area of consolidation. 3) Taking the trade now gives me a chance to have very tight stop losses limiting the amount I lose if it goes against me as well. For the aggressive traders I could place the trade now or I can wait for it to reach .88970 to take a short and have a 10 to 15 pip stop loss for a possible gain of 70 to 100 pips.
Short
by ndjf310