EUR / GBP gains strong traction on Thursday and breaks a three-day losing streak. GBP bulls remain on the defensive ahead of the Bank of England decision and Scottish elections. Selling around the USD and bullish eurozone retail sales benefit the euro and support the EUR / GBP slide. The crossing EUR/GBP has continued to […]
Tag: EURGBP
Sellers flirt with the 200 SMA to stay above the 0.8600 level
EUR / GBP retraces around the key SMA. A bearish Momentum indicator and a possible double top awaits confirmation from the bears. Despite staying near the two-week low, EUR / GBP bears remain cautious around the 0.8635 level at the start of the European session on Thursday. The cross makes a corrective pullback from the […]
EUR / GBP falls to low in two weeks, to 0.8625
EUR / GBP falls for the third day in a row, despite the data. Persistence of negative bias could test the 0.8600 area. EUR / GBP is falling for the third day in a row, retreating after failing to break resistance at 0.8720 in April. The price fell to 0.8622 on Wednesday, the lowest level […]
A break in the 0.8471 / 65 zone will point towards the 0.8314 / 0.8239 zone – Commerzbank
EUR / GBP is under pressure again. The pair has failed to break through strong resistance at 0.8722 / 32 and Karen Jones, FICC Technical Analysis Research Team Leader, expects to see a test of the neighborhood 0.8471 / 65. EUR / GBP bid below 0.8732 “EUR / GBP continues to pull back from stiff […]
EUR / GBP falls to almost two-week lows around 0.8650
EUR / GBP extends the losses of the previous day and remains under pressure for the second day in a row. Intraday sales pick up after the UK April Manufacturing PMI was revised higher. Resurgent demand for USD weighs on the euro, further contributing to the selling bias in EUR / GBP. The crossing EUR/GBP […]
EUR / GBP flirts with a one-week trading range, around the 0.8680-75 region
EUR / GBP witnessed further selling on Monday amid a rebound in demand for the British pound. Optimism about the gradual reopening of the UK economy continued to prop up the British pound. The sustained sale of the USD extended some support to the euro, which could help limit the decline. The crossing EUR/GBP it […]
EUR / GBP: Oscillating in the coming months, with possibilities to reach 0.84 by the end of the year
Rabobank analysts continue to see an oscillating range for the EUR/GBP In the next weeks. They maintain a forecast that the currency pair could still hit 0.84 by the end of the year. Featured statements “The May 6 release of the Bank of England’s Monetary Policy Review should add a bit more flavor to forecasts […]
EUR / GBP hits 5-day highs, but slows again below 0.8720
Euro gains momentum against the pound, but remains in recent range. The pound under pressure as the GBP / USD decline. The EUR / GBP went in a short time from the low of the day at 0.8680 to rise to 0.8717, reaching the highest level since Monday. The euro lost momentum around 0.8720 and […]
EUR / GBP clings to modest gains but lacks continuation above 0.8700 level
Pound sterling’s relative underperformance helps EUR / GBP regain traction on Friday. Disappointing German GDP and a stronger USD weigh on the euro and limit gains. Upbeat Eurozone GDP and CPI figures fail to impress bulls or provide fresh momentum. The crossing EUR/GBP clings to its modest intraday gains after the release of EU macroeconomic […]
EUR / GBP seeks to build a positive intraday move above the 0.8700 level
EUR / GBP regains positive traction on Wednesday and retreats slightly closer to two-month highs. Political turmoil in the UK weighs on the GBP and continues to support the intraday bullish move. The bulls could still wait for sustained strength above 0.8720 before opening new positions. The crossing EUR / GBP is struggling to gain […]
