EUR / GBP is struggling to capitalize on its modest initial gains at the highest level since early June. Brexit issues and Covid-19 nervousness continue to weigh on the GBP and offer support to the pair. A stronger dollar keeps euro bulls on the defensive and limits gains, at least for now. The crossing EUR/GBP […]
Tag: Crosses
USD / TRY rises to 3-day highs around 8.6000
USD / TRY reverses some of the recent losses, around 8.60. Turkey’s consumer confidence fell to 79.5 in July. The markets in Turkey will be closed this week for holidays. The Turkish lira gives up some of the recent gains and raises the USD/TRY to the region of 8.6000 at the beginning of the week. […]
EUR / GBP rises to one-month highs above 0.8600
Risk aversion hits the British pound. Despite the “day of liberation”, the expectations are not the best. The EUR / GBP extended the bullish run and climbed to 0.8622, reaching the highest level since June 15. The price remains above 0.8600, with the bullish tone in favor, supported by a weakness of the British currency, […]
EUR / JPY falls sharply to 4-month lows near 129.00
EUR / JPY is doing well defensively near 129.00. The strength of the dollar and the yen dragged the cross to multi-month lows. The next relevant support is at 128.30. Buying pressure in the Japanese safe haven coupled with strong dollar demand forces the EUR/JPY to fall further and record new 4-month lows near 129.00. […]
EUR / JPY looks firmer around 130.00
EUR / JPY reverses recent weakness and recovers 130.00. The yen remains on the defensive against the rise in US yields, BoJ. The selling pressure on the Japanese yen gives additional oxygen to the EUR/JPY and pushes it back to the 130.00 zone. EUR / JPY retoma 130.00 After three consecutive daily pullbacks, the EUR […]
EUR / GBP clings to modest gains around 0.8550
A combination of factors helped EUR / GBP regain some positive momentum on Friday. COVID-19 nervousness weighed on the British pound, a moderate demand in dollars benefited the euro. The EUR / GBP cross rallied around 30 pips from the daily lows and reached the upper end of its daily trading range, around the 0.8555 […]
USD / TRY falls to 4-week lows around 8.5500
USD / TRY extends the decline to the 8.5500 region. High inflation remains a concern among rate setters. The CBRT left the policy rate unchanged on Wednesday. The Turkish lira appreciates even more against the dollar and drags the USD/TRY to fresh multi-week lows in the 8.5500 region on Thursday. USD / TRY weaker after […]
Test the descending wedge support near 0.8500
EUR / GBP falls for the fourth day in a row and is heading for 0.8500. The crossover is approaching the descending wedge support. The RSI remains bearish and points to further declines. The EUR / GBP cross is extending its four-day losing streak during the European session on Wednesday, affected by the latest rally […]
Intermediate obstacle appears above 131.00
EUR / JPY is meeting some resistance around the 131.00 zone. A drop to recent lows near 129.50 is still within the means. The bullish moment of EUR/JPY seems to have hit a decent hurdle at the 131.00 zone so far this week. This resistance area coincides with the 100-day simple moving average (131.11). If […]
EUR / GBP cuts gains, returns near monthly lows below 0.8550
EUR / GBP remains sideways supported by 0.8530. The bias points to the downside while below 0.8630. The EUR/GBP erased gains and returned below 0.8550. Earlier on Monday it rose to 0.8566 and lost momentum after the start of the US session. At time of writing, the EUR / GBP cross sits at 0.8545, roughly […]