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EURGBP Bullish

Analysis Price: 0.8632 (Updated: 17 August 2025, 08:47 UTC)

Comprehensive analysis for EURGBP showing a predominantly bullish bias with 60% bullish consensus based on combined analytical factors. Market structure, technical patterns, and key levels examined across multiple timeframes.

Signal Overview

Bullish Medium Confidence Medium Risk
Market Consensus:
60% Long
40% Short
Valid Timeframes:
M15 H1 H4 D1

Signal Analysis:

The analysis indicates a medium confidence bullish bias for EURGBP (signal strength: 20%). Supporting factors include: EUR is showing relative strength against GBP (diff: 33%). Risk assessment for this trade is medium. This signal is most valid on the M15, H1, H4, D1 timeframes.

Sentiment Analysis

LONG SHORT
46% 54%

Historical Sentiment (7 Days)

Sentiment Interpretation

Neutral sentiment with a balanced distribution between long and short positions. This suggests indecision in the market, which could precede a significant move once a clear direction emerges.

Support & Resistance Analysis

Resistance Levels

R1: 0.8672 0.46% ↑
Analysis Price: 0.8632

Support Levels

S1: 0.8606 0.30% ↓
Market Regime:
Downtrend
Analyst Bias:
Unknown
Direction Probability:
65%

Price Position Analysis

Price is between support at 0.8606 (0.30% below analysis price) and resistance at 0.8672 (0.46% above), with slightly closer proximity to support. Watch for bounce confirmation at support or break below.

Chart Pattern Analysis

H1
80%
Rectangle
Reliability:
80%
Detected: Aug 17, 00:12
D1
73%
Evening Star
Reliability:
73%
Detected: Aug 17, 09:08
H1
64%
Bullish Rectangle
Reliability:
64%
Detected: Aug 17, 11:40

Pattern Analysis Interpretation

Mixed pattern signals detected, suggesting conflicting technical factors. The most reliable pattern is a neutral Rectangle on the H1 timeframe with 80% historical reliability. Multiple timeframes showing pattern confirmation increases the reliability of the signal.

High Probability Zones

Support Zone
90%
Zone Level:
0.8410
analysis price:
0.8632
Distance:
2.58%
Confluence Factors:
Hammer 127% Extension
Valid on Timeframes:
H1 H4 D1 W1

High Probability Zones Interpretation

A high probability (90%) support zone exists at 0.8410, currently 2.58% away from price. Keep this level on watch for potential future buying opportunities if price moves lower.

Volatility Analysis

Select Timeframe:
Daily Range (pips):
66.0
Volatility Regime:
Normal
Volatility Level:
66%
10-Day ATR Trend

Volatility Interpretation (H1)

EURGBP is showing normal volatility (66 percentile) with an expected daily range of 66.0 pips. This represents average market conditions conducive to standard trading strategies. Standard position sizing and stop loss parameters are appropriate.

Correlation Analysis

Top Correlations with EURGBP

EURNZD
0.89
EURCAD
0.88
EURCHF
0.87
EURAUD
0.86
EURUSD
0.85

Correlation Interpretation

Understanding how EURGBP correlates with other pairs can help with portfolio diversification and risk management. Strong positive correlations (above 0.7) indicate pairs that move similarly, while strong negative correlations (below -0.7) show pairs that typically move in opposite directions.

EURGBP shows strong positive correlation with: EURNZD, EURCAD, EURCHF, EURAUD, EURUSD. This means these pairs tend to move in the same direction. Trading in the same direction on multiple correlated pairs increases portfolio risk, while finding divergences between correlated pairs can highlight potential reversal opportunities.

Currency Strength Analysis

Select Timeframe:
EUR
-0.46
Weak
vs
GBP
0.71
Very-strong
Relative Strength:
-1.17
Bearish Bias

Currency Strength Interpretation (M15)

GBP is significantly stronger than EUR on the M15 timeframe, with a relative strength of -1.17. This suggests a strong bearish bias for EURGBP. With GBP showing absolute strength and EUR showing absolute weakness, this is an ideal scenario for a short position.

How to Use This Analysis

This comprehensive analysis provides multiple perspectives on EURGBP to help inform your trading decisions:

  • Sentiment Analysis: Use to understand market positioning and potential contrarian opportunities
  • Support & Resistance: Identify key price levels for setting stop losses and take profits
  • Pattern Analysis: Recognize technical formations that may indicate continuation or reversal
  • Volatility Analysis: Adjust position sizing and risk management based on current market conditions
  • Currency Strength: Compare the relative performance of individual currencies within the pair
  • Correlation Analysis: Understand how this pair moves in relation to others for portfolio diversification

For optimal results, consider how these different factors align. The strongest trading opportunities typically occur when multiple analytical tools show confirmation across different timeframes.

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