EUR / GBP has been swinging in a tight trading zone for the last week or so. The setup still seems skewed in favor of bearish traders, although it warrants some caution. A sustained move past the 0.8700 mark is needed to nullify the bearish outlook. The EUR/GBP it fell for the second session in […]
Tag: EURGBP
EUR / GBP weakened, approaching 0.8600
The pound continues to move higher against the euro after reversing direction on Friday. EUR / GBP lost over a hundred pips since last week’s peak. EUR / GPB is falling on Monday for the second day in a row and continues the pullback that started on Friday from a week high near 0.8730. It […]
EUR / GBP stabilizes around 0.8700 as swing week comes to a close
EUR / GBP is consolidating near 0.8700 after resistance was encountered at the 21 DMA. The pair has seen a choppy few days amid turmoil in global bond markets. The EUR/GBP It is consolidating around the 0.8700 level, and sellers have been ahead of the pair’s 21-day moving average, which currently stands at 0.87316, at […]
Returns a significant portion of intraday gains and retraces below the 0.8700 level
EUR / GBP halts its recent recovery move from the one-year lows near the 0.8730 region. Mixed oscillators on hourly / daily charts warrant caution before opening directional positions. A sustained break below 0.8600 will negate the prospects for a significant recovery. The EUR / GBP cross has gained positive traction for the second day […]
Recovery could extend to 0.8793 / 0.8809 – Credit Suisse
EUR / GBP reversed sharply higher this week from a Fibonacci support zone at 0.8543 / 20, Credit Suisse analysts say. They see that there is room for a more significant recovery to 0.8793 / 0.8809. Key statements: Immediate resistance is seen at 0.8756 and then the 38.2% retracement of the decline from the December […]
EUR / GBP continues to recover from lows in one year and reaches the 0.8650 area
Following the strong rebound on Wednesday, the EUR / GBP continues to materialize the correction. The euro among the best performers on Thursday. The EUR / GBP continues with a strong bullish tone that contrasts what has been almost all of this month. After falling to a one-year low at 0.8537, the price rebounded strongly, […]
EUR / GBP bounces strongly and returns above 0.8600 is the downtrend in danger?
EUR / GBP rises more than 70 pips from the low of the day. Trend is still bearish, but if the rebound is confirmed, consolidation would be expected. EUR / GBP just hit highs for the day in 0.8614, after having fallen in the Asian session to 0.8537, the lowest in a year. The euro […]
EUR / GBP falls back from multi-month lows at 0.8625 as the pound continues to outperform
EUR / GBP came under selling pressure at the start of the European session on Tuesday, falling from above 0.8650 to a new multi-month close near 0.8620. Traders have been citing the UK’s “Roadmap to Recovery”, released Monday, as positive. The pair EUR/GBP came under selling pressure at the start of the European session on […]
Falls to fresh multi-month lows around 0.8620 region
EUR / GBP falls to fresh multi-month lows and challenges downtrend channel support. The oversold conditions on the daily chart warrant caution for aggressive bears. A sustained move above 0.8650 is needed to support the prospects for any significant bounce. The EUR / GBP cross has moved lower during the first half of the European […]
EUR / GBP stabilizes after setting new lows in almost a year at the 0.8635 area
Euro manages to find support against the pound, although the downtrend of the EUR / GBP remains firm. Lagarde and Johnson’s words are awaited. The EUR / GBP is trading without significant changes on Monday, after having the lowest week end in practically a year on Friday. The price hit a new low in months […]
