EUR / GBP has fallen to fresh multi-month lows in the 0.8720 region on Monday. The UK hits a major self-imposed vaccination target, opening the door for an acceleration of the reopening after the lockdown. Optimism of the economic reopening has been fueling GBP sentiment. The crossing EUR/GBP fell immediately after the resumption of currency […]
Tag: EURGBP
Stays near multi-month lows, seems vulnerable to further decline
EUR / GBP stops its recovery attempt near the upper end of a downtrend channel. The subsequent drop to fresh multi-month lows has set the stage for a further short-term decline. A sustained move above the trend channel resistance is needed to nullify the bearish outlook. The EUR / GBP cross has extended Friday’s rejection […]
The bulls expect a sustained move above the 0.8800 confluence region
EUR / GBP gains traction for the second day in a row on Friday. Mixed technical indicators warrant caution for aggressive bulls. The EUR / GBP cross has moved to the upper end of its weekly trading range, with the bulls still waiting for a sustained move above the round 0.8900 level. At the mentioned […]
EUR / GBP rises slightly, faces resistance at 0.8775
Euro remains far from the lows in months against the pound. British currency clings to recent gains, but rally loses steam. The EUR / GBP is rising less than 20 pips on Thursday, in a day of limited travel in the currency market. The price reached the highest level of the day at 0.8775. It […]
EUR / GBP marks daily minimums in the 0.8750 zone, maintains a bearish bias
Short-term trend continues to favor the pound. GBP / USD rally gives more strength to the British currency. The EUR / GBP is falling on Wednesday after the cross’s recovery failed to pick up steam and after meeting resistance below 0.8800. After hitting 0.8778 at the start of the European session, it reversed direction falling […]
EUR / GBP extends recovery although still below 0.8800
Euro regains lost ground against the pound. Rally pos BoE is lagging behind taking a boost from the pound. Increase the chances of Draghi being Italian premier. The EUR / GBP rises on Monday for the second day in a row, recovering after falling to 0.8737 on Friday, the lowest level since May 2020. The […]
EUR / GBP consolidates around 0.8750
EUR GBP has seen a modest recovery from the lows of the European session and has returned to above 0.8750. The pair continues to trade within the ranges of a downtrend channel, which implies further losses in the coming weeks. The EUR/GBP It has seen a modest recovery from the lows of the European session […]
EUR / GBP bounces slightly from eight-month lows to 0.8750
The pound is holding on to gains that took place after the Bank of England decision. EUR / GBP remains under downward pressure, seeking support. EUR / GBP took a sharp decline on Thursday and is validating those losses on Friday. The price extended the decline to 0.8737, the lowest level since May 11 and […]
EUR / GBP plummets to nine-month lows at 0.8780 after BoE announcement
The EUR / GBP has lost about 60 pips immediately after learning that the Bank of England reduced the possibility of introducing negative interest rates in its monetary policy statement. The pair has fallen from the 0.8835 / 40 zone where it was trading before the news to the region 0.8780, marking a nine-month low. […]
EUR / GBP remains above 0.8800 and bounces on a limited basis
The euro tries to stop the fall against the pound. EUR / GBP remains with a marked downtrend. EUR / GBP is posting a small gain on Wednesday, having had the lowest close since May last year. The price returned above 0.8800 and climbed to 0.8822. It has been operating laterally for hours, consolidating, still […]
