The EUR / GBP retraces within a bearish pattern and returns the initial gains of the Asian session. The seven-day support line and the 200-hour SMA offer support. The bulls will look for new entries above 0.8720. EUR / GBP is moving around the 0.8700 level at the start of the European session on Wednesday. […]
Tag: EURGBP
EUR / GBP consolidates in a range below 0.8700
EUR / GBP lacked a firm directional bias and remained confined to a range below 0.8700. The optimistic outlook for the UK economy continued to prop up the British pound and limited the rise. The renewed sale of USD benefited the euro and helped limit the deepest losses, for the time being. The crossing EUR/GBP […]
EUR / GBP bounces off lows, holding modest losses around 0.8700 level
EUR / GBP witnessed some selling on Monday and broke a four-day winning streak. The optimistic economic outlook for the UK contributes to the sterling’s outperformance. The softer results of the German IFO survey weigh on the euro and add to intraday sales. The crossing EUR/GBP it has quickly recovered around 20 pips from the […]
EUR / GBP jumps back above 0.8700, tests April highs
The euro extends gains against the pound during the US session. EUR / GBP is heading for weekly gains after a strong rebound. The EUR/GBP extended the rally and rose to 0.8717, reaching the highest level since April 16. The euro remains at the top of the range with the positive tone intact. On Monday, […]
EUR / GBP fails to break 0.8700, remains above 0.8670
EUR / GBP clings to Thursday’s gains, still close but unable to break 0.8700. Preliminary PMI report higher than expected in the UK and Eurozone. The EUR / GBP is trading at the 0.8680 zone, virtually unchanged from Thursday’s close. The price found support above 0.8670 and rose to 0.8697 before retreating. The euro remains […]
EUR / GBP jumps to new weekly highs around 0.8700 level following Lagarde comments
EUR / GBP gains strong positive traction for the third day in a row on Thursday. The upward move gets an additional boost in reaction to comments from ECB President Christine Lagarde. Lagarde says the reduction in PEPP purchases was not discussed at Thursday’s meeting. The crossing EUR / GBP has jumped to new weekly […]
Rises to three-day highs around 0.8650 before the ECB
EUR / GBP is moving higher for the third day in a row on Thursday. The technical setup remains firmly tilted in favor of the bulls. Rising above the 0.8660 region will reaffirm the constructive outlook. The EUR / GBP cross has gained positive traction for the third day in a row and has risen […]
EUR / GBP in negative territory after failing to break above the 0.8640 zone
Euro loses strength against the pound, after rising on Tuesday. EUR / GBP remains supported at the 20-day moving average. The EUR / GBP is falling on Wednesday after Tuesday’s bounce. The price found resistance at the 0.8640 area and fell back to 0.8611. It is trading at 0.8620 / 25, in negative territory for […]
Clings to intraday gains near 0.8630 region, bullish bias remains
EUR / GBP regained positive traction on Tuesday and recovered some of the losses overnight. The setup appears tilted in favor of bullish traders and supports the prospects for additional earnings. A sustained break below the 0.8565 region is needed to negate the positive short-term outlook. The crossing EUR/GBP it rose throughout the European session […]
Chances of plummeting to 2019/2020 lows at 0.8281 / 39 – Credit Suisse
EUR / GBP has continued its bearish “reversal day” with the completion of a ceiling below 0.8626 / 21 to confirm that risk has declined again, reports the Credit Suisse team of analysts. Key statements: “EUR / GBP remains weak after its bearish ‘reversal day’ on Friday and after clearing support at 0.8626 / 21 […]
