EUR / GBP’s four-day rally triggers a descending wedge breakout on the one-day chart. A recovery to a 200 DMA at 0.8767 cannot be ruled out in the medium term. The RSI is down, but remains comfortably above the midline. The EUR/GBP slowed its recovery momentum on Monday, consolidating last Friday’s strong rally above the […]
Tag: EURGBP
EUR / GBP: Lower to accelerate below 0.8472
MUFG Bank Analysts they see a commercial idea in shortening the crossing EUR/GBP with a target at 0.8350 and a stop loss at 0.8670. They point out that the positive evolution of COVID-19 cases reinforces the bullish outlook for the pound. Featured statements: “We have been encouraged by recent positive UK COVID data suggesting that […]
EUR / GBP in small range, continues to press on 0.8500
EUR / GBP unchanged, in a range of less than 20 pips for several sessions. Break of 0.8500 would further weaken the euro. The EUR / GBP went from near the high of the day at 0.8515 to fall towards 0.8500, approaching the weekly minimum. The price is moving without a clear direction on Thursday, […]
EUR / GBP bounces from 10-day highs, surpasses 0.8550
EUR / GBP shows signs of life after steep retracement from highs in nearly two months. Strong support at 0.8530 slows the advance of the pound. The EUR / GBP is rising on Tuesday, rebounding after falling at the start of the European session to 0.8531, the lowest level since July 16. The cross is […]
EUR / GBP is approaching last week lows, marking lows below 0.8550
The pound among the currencies that have risen the most so far on Monday. EUR / GBP remains bearish, but with support above 0.8540. The EUR / GBP is falling modestly on Monday, after failing to sustain above 0.8570. The cross has just marked lows for the day at 0.8544, and is trading around 0.8550, […]
EUR / GBP above 0.8550 after data
EUR / GBP regains positive traction on Friday and recovers some of the previous day’s heavy losses Brexit woes, COVID-19 nervousness and mixed UK economic data weigh on the GBP and support the pair’s rise. Germany’s upbeat preliminary PMI benefits the euro and provides an additional boost to the pair. Intraday selling bias around the […]
Falls to new weekly lows, around 0.8550 after ECB
-637625523123143677.png "Falls to new weekly lows, around 0.8550 after ECB")
EUR / GBP remained under heavy selling pressure for the second consecutive session on Thursday. The selling bias accelerated after the ECB decision and dragged the cross to new weekly lows. The bias could have shifted in favor of bearish traders and supports the prospects for further losses. The crossing EUR/GBP extended this week’s retracement […]
EUR / GBP extends slide below 0.8600 level before ECB
EUR / GBP is witnessing some continuation selling for the second day in a row on Thursday. Some replenishment movements before the ECB’s monetary policy decision seem to put pressure on the pair. Brexit issues and nervousness over COVID-19 act as a headwind for the British pound and help limit deeper losses. The crossing EUR […]
EUR / GBP extends pullback from two-month highs, hovers above 0.8600
EUR / GBP is falling on Wednesday, ending a three-day streak of gains. Improvement in stocks helped the British currency. Brexit issues and COVID-19 nervousness could limit the pound’s recovery. The EUR / GBP fell almost 40 pips from the high of the day and is trading at 0.8621, the minimum of the day. The […]
EUR / GBP jumps to two-month highs, around the 0.8670 zone
EUR / GBP joined the strong overnight gains and was up for the middle of the European session. The problems of Brexit, the nervousness of COVID-19 weighed heavily on the British pound and continued to support the measure. The stronger USD put pressure on the shared currency and limited gains, at least for now. The […]
