{"id":24739,"date":"2022-03-31T08:12:00","date_gmt":"2022-03-31T07:12:00","guid":{"rendered":"https:\/\/youtrading.com\/en\/?p=24739"},"modified":"2022-03-31T12:47:30","modified_gmt":"2022-03-31T11:47:30","slug":"eurgbp-technical-analysis-trend-change","status":"publish","type":"post","link":"https:\/\/youtrading.com\/en\/eurgbp-technical-analysis-trend-change\/","title":{"rendered":"EURGBP Technical Analysis – Trend Change"},"content":{"rendered":"\t\t
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The EURGBP<\/a> pair has started to move back towards 0.8500 after breaking above its 200-day moving average, marking a new bullish trend for the pair and the first since January 2021.<\/p>

The current move higher is being driven by a clear combination of euro strength and British pound weakness. The euro has been surging over recent days, while the sterling has been very subdued.<\/p>

Most traders would agree that the EURGBP pair is now showing signs of doing much higher after moving above its 200-day moving average and that the EURGBP pair may have bottomed.<\/p>

The daily time frame shows that a bullish falling broadening wedge pattern is close to being tested to the upside, after the EURGBP pair bounced sharply from the 0.82300 level, last week.<\/p>

Traders should note that bullish falling broadening wedge patterns are amongst the most bullish reversal patterns and have a high probability of playing out. The pattern is predicting a coming test towards the 0.8600 area.<\/p>

The ActivTrader platform shows that bullish sentiment is still at extreme levels, with some 86 percent of traders still expecting more upside in the EURGBP pair.<\/p>

This current euphoric and irrational level of bearishness is however warning that the EURGBP pair might be getting ready to explode to the upside. A move above 0.8600 could be explosive.<\/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

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EURGBP Short-term Technical Analysis<\/strong><\/p>

The four-hour time frame shows that the EURGBP pair is technically bullish now over the short-term with the price trading well above its 200-period MA, around the 0.8350 level. A bullish inverted head and shoulders pattern has been activated also.<\/p>

Lower time frame analysis currently shows the EURGBP pair could rally towards the 0.8600 level, according to the size of the inverted head and shoulders pattern. These patterns are typically very bullish.<\/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

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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

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EURGBP Medium-term Technical Analysis<\/strong><\/p>

The daily time frame shows that the EURGBP pair is trading inside a large descending broadening wedge pattern, with the pair now above its 200-day MA and trading towards the top of the wedge.<\/p>

I suspect the next few weeks will be crucial for the EURGBP pair around the 0.8600 level and we could even see the start of an epic price rally towards the 0.8800 area of higher.<\/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

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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":"

The EURGBP pair has started to move back towards 0.8500 after breaking above its 200-day moving average, marking a new bullish trend for the pair and the first since January 2021. The current move higher is being driven by a clear combination of euro strength and British pound weakness. The euro has been surging over […]<\/p>\n","protected":false},"author":4,"featured_media":17399,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[24],"yoast_head":"\nEURGBP Technical Analysis - Trend Change - 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-change\/\" \/>\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 Change EURGBP Technical Analysis - Trend Change\" \/>\n<meta property=\"og:description\" content=\"The EURGBP pair has started to move back towards 0.8500 after breaking above its 200-day moving average, marking a new bullish trend for the pair and the first since January 2021.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/youtrading.com\/en\/eurgbp-technical-analysis-trend-change\/\" \/>\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=\"2022-03-31T07:12:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-31T11:47:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2021\/10\/GettyImages-664508912.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1154\" \/>\n\t<meta property=\"og:image:height\" content=\"636\" \/>\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 - 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