{"id":22884,"date":"2022-02-23T08:09:00","date_gmt":"2022-02-23T08:09:00","guid":{"rendered":"https:\/\/youtrading.com\/en\/?p=22884"},"modified":"2022-02-25T11:34:40","modified_gmt":"2022-02-25T11:34:40","slug":"eurgbp-technical-analysis-trend-trade","status":"publish","type":"post","link":"https:\/\/youtrading.com\/en\/eurgbp-technical-analysis-trend-trade\/","title":{"rendered":"EURGBP Technical Analysis &#8211; Trend Trade"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"22884\" class=\"elementor elementor-22884\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<div class=\"elementor-inner\">\n\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b3d32c3 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b3d32c3\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-469f88b\" data-id=\"469f88b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-fbc8381 elementor-widget elementor-widget-text-editor\" data-id=\"fbc8381\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>The <a href=\"http:\/\/bit.ly\/2Lg9zs6\" target=\"_blank\" rel=\"noopener\">EURGBP<\/a> pair is still trending lower on the foreign exchange market, making it an attractive and stable trade for traders looking to navigate the volatile trading environment during the Ukraine crisis.<\/p><p>Find foreign exchange trades that are steady are in shortly supply at the moment, as the Ukraine\/Russia news is causing some wild swings to take pair with traditional US dollar-based pairs.<\/p><p>With the Bank of England embarking on a back-to-back series of rate hikes the EURGBP bear trade has been picking up steam, however, the charts are still alluding to more losses.<\/p><p>Going forward, selling rallies back towards the 0.8400 resistance zone in expectations of 0.8200 looks a strong bet, especially with sentiment towards the EURGBP pair amongst the retail crowd turning very bullish.<\/p><p>At present, traders have their highest level of bullishness towards the pair in the course of nearly one-year. This hints of a further long squeezes for retail, especially at these levels of overly one-sided sentiment.<\/p><p>The ActivTrader platform shows that bullish sentiment is at extreme levels, with some 90 percent of traders still expecting more upside in the EURGBP pair.<\/p><p>With the technicals pointing to more losses, and sentiment at euphoric and irrational levels of bullishness, I am personally expecting more downside in the EURGBP to come.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-bebac71 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"bebac71\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-56fc245\" data-id=\"56fc245\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f0b8063 elementor-widget elementor-widget-image\" data-id=\"f0b8063\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"http:\/\/bit.ly\/2Lg9zs6\" target=\"_blank\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"452\" height=\"159\" src=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/02\/EURGBP-CHART-3.jpg\" class=\"attachment-large size-large wp-image-22887\" alt=\"\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ee0e695 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ee0e695\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-db8a064\" data-id=\"db8a064\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2b92063 elementor-widget elementor-widget-text-editor\" data-id=\"2b92063\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><strong>EURGBP Short-term Technical Analysis<\/strong><\/p><p>The four-hour time frame shows that the EURGBP pair is technically bearish over the short-term with the price trading well below the head of a large head and shoulders pattern, around 0.8480.<\/p><p>Lower time frame analysis currently shows the EURGBP pair could drop towards the 0.8150, according to the size of the head and shoulders pattern. These patterns are typically bearish, so little hope does exist for the EURGBP pair.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-249d0ac elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"249d0ac\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4672dd6\" data-id=\"4672dd6\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-fa20b53 elementor-widget elementor-widget-image\" data-id=\"fa20b53\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"http:\/\/bit.ly\/2Lg9zs6\" target=\"_blank\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"936\" height=\"519\" src=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/02\/EURGBP-4H-1.jpg\" class=\"attachment-large size-large wp-image-22889\" alt=\"\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7f8461cc elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7f8461cc\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-774e797c\" data-id=\"774e797c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3357e1d elementor-widget elementor-widget-text-editor\" data-id=\"3357e1d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><a href=\"http:\/\/bit.ly\/2Lg9zs6\" target=\"_blank\" rel=\"noopener\">See real-time quotes<\/a> provided by our partner.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2a7a757 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2a7a757\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3adc863\" data-id=\"3adc863\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8189392 elementor-widget elementor-widget-text-editor\" data-id=\"8189392\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><strong>EURGBP Medium-term Technical Analysis<\/strong><\/p><p>The daily time frame shows that the EURGBP pair is trading inside a large descending broadening wedge pattern, with the bottom of the pattern located around the 0.8200 level.<\/p><p>I suspect the next few weeks will be crucial for the EURGBP pair in deciding whether we see the bottom of the pattern tested, or we see the top of the mentioned pattern tested.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e94b983 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e94b983\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9a61ba8\" data-id=\"9a61ba8\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9e24a3d elementor-widget elementor-widget-image\" data-id=\"9e24a3d\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"http:\/\/bit.ly\/2Lg9zs6\" target=\"_blank\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"936\" height=\"516\" src=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/02\/EURGBP-1D-2.jpg\" class=\"attachment-large size-large wp-image-22890\" alt=\"\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4fae21a4 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4fae21a4\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-66448ad6\" data-id=\"66448ad6\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5f92d54 elementor-widget elementor-widget-text-editor\" data-id=\"5f92d54\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><a href=\"http:\/\/bit.ly\/2Lg9zs6\" target=\"_blank\" rel=\"noopener\">See real-time quotes <\/a>provided by our partner.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>The EURGBP pair is still trending lower on the foreign exchange market, making it an attractive and stable trade for traders looking to navigate the volatile trading environment during the Ukraine crisis. Find foreign exchange trades that are steady are in shortly supply at the moment, as the Ukraine\/Russia news is causing some wild swings [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":9062,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[56,24,634],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v17.6 (Yoast SEO v20.11) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>EURGBP Technical Analysis - Trend Trade - Youtrading UK<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/youtrading.com\/en\/eurgbp-technical-analysis-trend-trade\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EURGBP Technical Analysis - Trend Trade EURGBP Technical Analysis - Trend Trade\" \/>\n<meta property=\"og:description\" content=\"The EURGBP pair is still trending lower on the foreign exchange market, making it an attractive and stable trade for traders looking to navigate the volatile trading environment during the Ukraine crisis.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/youtrading.com\/en\/eurgbp-technical-analysis-trend-trade\/\" \/>\n<meta property=\"og:site_name\" content=\"Youtrading UK\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/YouTradingEnglish\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-02-23T08:09:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-02-25T11:34:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2021\/05\/GettyImages-1135633436.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"504\" \/>\n\t<meta property=\"og:image:height\" content=\"291\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nathan Batchelor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"EURGBP Technical Analysis - Trend Trade EURGBP Technical Analysis - Trend Trade\" \/>\n<meta name=\"twitter:description\" content=\"The EURGBP pair is still trending lower on the foreign exchange market, making it an attractive and stable trade for traders looking to navigate the volatile trading environment during the Ukraine crisis.\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nathan Batchelor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/youtrading.com\/en\/eurgbp-technical-analysis-trend-trade\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/eurgbp-technical-analysis-trend-trade\/\"},\"author\":{\"name\":\"Nathan Batchelor\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab\"},\"headline\":\"EURGBP Technical Analysis &#8211; 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