The pound is having the best day in weeks against the euro. EUR / GBP fell back below the 20-day moving average. After a short-lived bounce to 0.8670, the EUR / GBP resumed the decline and broke below 0.8600 for the first time since April 7. It bottomed out at 0.8587, and at the time […]
Tag: EURGBP
EUR / GBP bounces from 0.8630 to the 0.8670 zone
Euro bounces and erases losses against the pound. EUR / GBP remains sideways after failing to sustain above 0.8700 at the close of last week. EUR / GBP is trading around 0.8660, showing a slight gain from Friday’s close. The cross is having a volatile day and is moving without a clear direction. In European […]
Faces rejection near 0.8720, upside potential remains intact
EUR / GBP is moving higher in the European session on Friday. However, the bulls remain defensive near the 0.8720 region. A positive MACD points to higher gains to the upside. The EUR / GBP cross extends Thursday’s gains and is racking up solid gains during Friday’s European session. At the time of writing, the […]
Facing rejection near 0.8700, decline appears limited
EUR / GBP continued its struggle to break through the 0.8700 level. The technical setup favors bullish traders and supports the prospects for additional earnings. Dips below 0.8645-40 could be seen as a buying opportunity and limit the decline. Having struggled to move above 0.8700, the cross EUR/GBP It was down on Thursday and was […]
Bulls face resistance near 0.8700
EUR / GBP remains stable during the European session. The bulls remain defensive near the daily highs. MACD retracement signifies downside momentum. EUR / GBP is moving lower within a narrow trading range during the European session on Wednesday. The cross has peaked at 0.8695 before falling back to intraday lows at 0.8670. At the […]
EUR / GBP backs down modestly after hitting fresh weekly highs above 0.8700
EUR / GBP jumped to its highest level since late February. The resignation of Bank of England chief economist Haldane weighed on the British pound. The ZEW economic sentiment index for the EU and Germany did not meet market expectations. The pair EUR/GBP It fell to a daily low of 0.8640 during European business hours […]
Recovering the 100 hour SMA is critical for further recovery
EUR / GBP attempts a bounce after the breakout of the ascending triangle on the 1 hour chart. The RSI has recovered from lows but remains below the 50 level. The bulls are looking to regain the 100-hour SMA ahead of the German ZEW. EUR / GBP has halted its decline near the 0.8640 level, […]
EUR / GBP consolidates last week’s impressive gains, trading around 0.8650
EUR / GBP fell sharply early in the European session. Retail sales in Europe increased more than expected in February. BoE legislator Silvana Tenreyro is scheduled to deliver a speech. The pair EUR/GBP made an impressive rally last week and gained more than 150 pips. However, the pair struggled to preserve its bullish momentum on […]
EUR / GBP to continue to rake in gains after weekly bullish reversal – Credit Suisse
Not only does the EUR / GBP hold a base above 0.8643 / 65, but the close above 0.8574 on Friday is also a bullish technical factor, reinforcing the likelihood of a deeper recovery to 0.8732 initially, analysts say. Credit Suisse. Key statements: “The EUR / GBP not only maintains a base above the key […]
Faces rejection near 0.8700 level, upside potential remains intact
A modest pickup in demand for the British pound triggers some selling around EUR / GBP on Monday. The technical setup appears tilted in favor of the bulls and supports the prospects for additional earnings. Drops towards the 0.8600 level could still be seen as a buying opportunity and remain limited. The EUR / GBP […]
