EUR / GBP is testing this week’s multi-month lows around the 0.8510 area. French President Macron, speaking at 19:00 BST, may tighten the restrictions again by implementing a new national blockade. The EUR/GBP it is testing this week’s multi-month lows around the 0.8510 area. The pair has fallen a modest 10 pips or around 0.15% […]
Tag: EURGBP
Short-term forecast downgraded from 0.8450 to 0.8400 – Credit Suisse
The expected difference in economic performance between the UK and the rest of Europe, combined with the positive seasonality for the pound in April, led Credit Suisse’s team of analysts to revise the EUR / GBP target from 0.8450 to 0.8400 downward. . Key statements: “Unfortunately for the EU, the impression of petty negativity towards […]
EUR / GBP clears losses and rises towards 0.8550
The EUR / GBP recovered ground lost in the last hours, still close to the low of the year. GBP / USD’s drop to fresh daily lows below 1.3750 weighed on the pound. The EUR / GBP is trading above 0.8540, in the zone where it closed on Monday after recovering after falling to 0.8522. […]
EUR / GBP reverses from one-year lows, rises toward 0.8550
EUR / GBP finds decent support above 0.8500. The strong recovery of the euro could point to some head of consolidation. The EUR/GBP it fell at the beginning of the session to 0.8505, reaching the lowest level since February of last year. It then rallied with the euro picking up speed during the US session. […]
EUR / GBP falls sharply to the lowest level since February 2018 near 0.8500
EUR / GBP finds new selling on Monday and is moving lower for the third day in a row. A sudden spike in demand for the British pound is seen as a key factor putting pressure on the pair. Oversold conditions warrant some caution before positioning for any further bearish movement. The crossing EUR/GBP has […]
EUR / GBP testing multi-month lows at 0.8550
EUR / GBP has bounced from multi-month lows below the 0.8540 level in recent trading, but continues to trade with a negative bias. The EU and the UK have just agreed a memorandum of understanding on financial services in a positive sign for future trade cooperation. The EUR/GBP It has bounced from multi-month lows below […]
EUR / GBP falls to three-day lows below 0.8600
The pound among the top performers on Thursday also gains against the US dollar. EUR / GBP corrects lower after rising for four consecutive days. The EUR/GBP it is falling on Thursday, correcting lower from the weekly high it reached on Tuesday at 0.8645. It recently bottomed at 0.8589, the lowest level in three days. […]
EUR / GBP set for deeper recovery once above 0.8641 – Credit Suisse
The EUR / GBP cross, experiencing a clear break above 0.8641, is expected to confirm a short-term bottom and a deeper recovery to the 55-day average at 0.8732 / 38, estimates the Credit Suisse team of analysts. Key statements: “A sustained move above last week’s high at 0.8641 should confirm a deeper recovery to 0.8659 […]
Clinging to gains near 2-1 / 2-week highs following bullish eurozone PMIs
EUR / GBP rises to more than two weeks high in reaction to positive French and German PMI figures. The bulls await a move above the 200-period SMA on the 4-hour chart before opening new positions. The EUR / GBP cross has moved higher at the beginning of the European session on Wednesday and has […]
Above 0.8641, the next resistance is at 0.8732 / 42 – Credit Suisse
EUR / GBP has once again held the key Fibonacci supports at 0.8549 / 20 and with an obvious divergence for the RSI momentum, a short-term base is now seen building, with a break above the resistance at 0.8641 needed to confirm that scenario, reports the Credit Suisse team of analysts. Key statements: Above last […]