EUR / GBP has closed above the key resistance of 0.8643 / 65, which is a bullish sign of continuity, Credit Suisse analysts say. They see EUR / GBP extending the rally towards 0.8732 initially. Key statements: “While we would expect to see a weekly close above the key resistance at 0.8643 / 65, our […]
Tag: EURGBP
Jump to new multi-week highs and look for a move above the 0.8700 level
EUR / GBP gains strong continuation traction for the fourth day in a row on Friday. Strong momentum validates this week’s bullish break above the 0.8600 level. The slightly overbought RSI on the 1-hour chart warrants caution for intraday bulls. The EUR / GBP cross has built on this week’s solid rebound from lows in […]
EUR / GBP is trading upside at 0.8650 as sterling struggles continue
EUR / GBP continues to trade on a positive bias just below the month-long highs of 0.8650. The poor performance of the British pound comes despite reports that the UK will pass the Covid-19 herd immunity threshold next Monday. The EUR/GBP it continues to trade with a positive bias just below the one-month highs at […]
Corrects from one-month highs, upside potential is intact
The EUR / GBP is witnessing some selling on Thursday and returns a part of the strong bullish movement of the previous day. The sustained breaking of a bullish descending wedge supports the prospects for additional short-term gains. The declines could still be seen as a buying opportunity and remain limited near the 0.8600 support […]
EUR / GBP continues its strong recovery, now flirting with the 50 DMA at 0.8645
The strong rally in EUR / GBP has continued for the second day, with the pair now flirting with its 50 DMA at 0.8645. EUR / GBP is now in its best week since early September 2020 and is up about 1.8%. The EUR/GBP it continued to correct sharply higher on Wednesday and managed to […]
EUR / GBP climbs to 0.8625, continuing the rebound
Euro rises against the pound for the second day in a row, continues to recover from lows in one year. EUR / GBP is trading around 0.8600, clinging to Monday’s gains. EUR / GBP extended the bullish run and it rose to 0.8625, the highest level since March 25. After this it fell back and […]
Clings to strong gains near week-long highs around 0.8550
A strong pickup in demand for the euro led to hedging intraday shorts around EUR / GBP. A sustained move beyond the 200 hourly SMA was also considered a trigger for intraday bullish traders. Overbought RSI on the 1 hour chart, bearish oscillators on the daily chart warrant some caution. The crossing EUR/GBP witnessed an […]
EUR / GBP recovers to one-week highs and approaches the 0.8550 level
EUR / GBP is witnessing strong intraday short hedging movement from lows of more than a year. News that the EU could hit the vaccination target earlier than expected propels the euro. A modest pickup in USD demand weighs on the GBP and supports the positive move in the pair. The crossing EUR/GBP has captured […]
EUR / GBP plummets to lows since February 2020
The EUR/GBP It has lost about 40 pips so far this Monday. The pair has started the day above 0.8512, intraday maximum, and has fallen in the last hour to 0.8472, its lowest level since February 2020. The pound is gaining ground against the single currency by UK advantage over the European Union on vaccinations […]
EUR / GBP falls below 0.8500 for the first time since February 2020
EUR / GBP fell into negative territory for the third consecutive session on Thursday. A sudden spike in demand for the British pound was seen as a key pressing factor. Oversold conditions warrant some caution before positioning for a further depreciation move. The crossing EUR/GBP It fell to more than a year lows during the […]
