EUR / GBP regains positive traction on Tuesday and retreats above the round level of 0.8600. Nerves over COVID-19 and Brexit issues act like a headwind for the British pound. The appearance of some sales around the common currency limit any significant gains from the pair. The crossing EUR/GBP has moved higher during the first […]
Tag: EURGBP
A descending triangle is forming, support at 0.8560 is the key level
EUR / GBP moved into negative territory for the fourth consecutive session on Monday. Recent price movements constitute the formation of a descending triangle on the daily chart. A sustained break below the 0.8560 support is needed to confirm a further bearish breakout. The crossing EUR/GBP struggled to capitalize on its positive intraday move, instead […]
EUR / GBP clings to modest gains near the 0.8600 level but lacks continuation
EUR / GBP gains some positive traction on Monday and breaks a three-day losing streak. Nervousness about Brexit acts as a headwind for the British pound and continues to support the bullish movement of the pair. A modest USD strength and weaker German data weigh on the euro and limit further gains from the EUR […]
EUR / GBP falls to 0.8570, three-week low
The pound extends the slide against the euro on Friday. EUR / GBP on its way to the lowest daily close in two months. The EUR / GBP is falling for the third day in a row and has just dropped to 0.8570, the lowest level since May 12. The euro is on track to […]
Pressed towards key support at 0.8580
EUR / GBP extends Monday’s retracement from the 100 SMA and weekly resistance line. The bearish MACD also directs sellers towards the three-week horizontal area. Investors expect further boost from the Eurozone CPI and UK PMI. EUR / GBP remains under pressure around 0.8591, shedding 0.14% on the day during the European session on Tuesday. […]
EUR / GBP holding modest gains around 0.8600 after German CPI, lacks tracking
The EUR / GBP gained some positive traction for the second consecutive session on Monday. The mixed readings of the German CPI did little to sway the euro or provide new momentum. The optimistic UK economic outlook continued to prop up the British pound and limited the rise. The crossing EUR/GBP it maintained its modest […]
EUR / GBP consolidates around the 0.8600 level before the German CPI
EUR / GBP is virtually unchanged at the start of the European session on Monday. Optimistic economic data and rate hike expectations lift demand for the GBP. Signs of a delay in the ECB rate hike hurt confidence around the euro. The crossing EUR / GBP consolidates around the 0.8600 level during the European session […]
EUR / GBP recovers slightly, remains below 0.8600
Euro regains a small part of the ground lost against the pound. EUR / GBP remains close to the May floor, with a bearish bias. The EUR / GBP fell hours ago to 0.8576, hitting the lowest level in two weeks, then bounced back to 0.8596. TFollowing the sharp decline on Thursday, the cross continues […]
EUR / GBP rises slightly towards 0.8650
The EUR / GBP moves higher on Thursday and recovers a significant part of the losses the day before. A modest pickup in demand for the common currency provides a modest boost to EUR / GBP. The optimistic UK economic outlook could prop up the British pound and limit any further gains. The crossing EUR/GBP […]
EUR / GBP extends decline to 0.8630 zone
Dollar rebound puts pressure on Euro, and pushes EUR / GBP down. Retracement still fails to bring price clearly below key 0.8640 zone. The EUR / GBP is falling on Wednesday, having risen in the previous two days and after climbing to 0.8671, the highest level in two weeks. The cross marked lows for the […]
