FX.co ★ HAPPY KILLER | EUR/GBP

EUR/GBP Trading Analysis Update Tuesday, March 04, 2025 The trend direction for the EURGBP pair on the H1 time frame is still bearish. It can be said that the tendency of price movement will tend to fall. However, it is possible that the price will correct upwards first. This is because when the price tries to continue the downward rally, it is always blocked or experiences rejection at low prices of 0.8241. The upward correction phase can move higher towards FR 50 - 0.8273 to FR 61.8 - 0.8280 or around SMA 200 as dynamic resistance. That is when the price is able to stay above FR 23.6 - 0.8256 then passes FR 38.2 - 0.8265. On the other hand, the upward correction phase is only limited to forming a lower high pattern. Because the structure of the price pattern has changed from lower low to lower high. The falling price managed to pass the invalidation level at low prices of 0.8264 so that a break of structure (BoS) occurred. As long as the price is not corrected upwards to higher than the high prices of 0.8304, the price tendency will continue to fall back down to form a new lower low pattern. The only thing to watch out for this week is the interest rate policy of the European Central Bank (ECB) which may strengthen the outlook for the Euro currency. The Awesome Oscillator (AO) indicator perspective has not given any definite indication of uptrend or downtrend momentum. The volume histogram is still around level 0 which means it can cross into the negative or positive area. If the price tendency is still in the upward correction phase, the histogram will cross into the positive area and likewise when it resumes the downward rally it will return to the negative area. The Stochastic indicator parameters which have crossed several times between level 50 and level 20 have also not given any certainty to go to the overbought or oversold zone.

Setup entry position: If following the direction of the bearish trend and the structure of the lower low - lower low price pattern. Trading options can place a re-entry SELL position after the price is around the SMA 200 or between FR 50 - 0.8273 to FR 61.8 - 0.8280. Take profit targets low prices 0.8241 and places a stop loss at FR 78.6 - 0.8291. Confirmation ensures that the Stochastic indicator parameters have crossed the overbought zone at level 90 - 80 which indicates a saturation point. The volume histogram of the AO indicator will at least be able to cross back into the negative area or below level 0 which indicates a downtrend momentum.