EUR / GBP finds fresh selling on Monday and extends the pullback from the 0.8920-25 resistance zone. The disappointing results of the German IFO survey do not provide any significant boost to the EUR / GBP. Any subsequent decline is more likely to remain limited and could be seen as an opportunity for the bulls. […]
Tag: EURGBP
EUR / GBP will return to 0.87 by the end of 2021 – Rabobank
So far this year, the pound has gained ground against the US dollar and the euro. Rabobank economists forecast that EUR / GBP will be around the 0.89 / 0.88 zone in the coming months, while a return to the 0.87 level is not expected until the end of the year. Key statements: “The upcoming […]
EUR / GBP remains near daily highs just above the 0.8900 level after PMI data
A combination of factors helps EUR / GBP make a positive bounce from multi-month lows. A possible extension of the lockdowns in Britain and UK macroeconomic data weigh on the British pound. The optimistic ECB and the mostly positive Eurozone PMIs underpin the euro. The crossing EUR/GBP remains close to daily highs, just above the […]
EUR / GBP falls to fresh eight-month lows below 0.8850 before ECB
EUR / GBP is witnessing strong selling for the second day in a row on Thursday. There is a strong rebound in demand for the British pound putting pressure on the cross. The euro benefits from the weakness of the USD and could help limit the deepest losses before the ECB. A sudden spike in […]
Bears target 61.8% Fibonacci ahead of ECB
EUR / GBP is hovering within a choppy range, falling to a new low since May 2020 the day before. A horizontal zone of nine months is the target of the bears, the 10-day SMA limits recovery movements. EUR / GBP is trading within a range between 0.8850 and 0.8870 at the start of the […]
EUR / GBP consolidates below 0.8900 after hitting eight-month lows
EUR / GBP has fallen to fresh eight-month lows below the 0.8850 level in the early part of the European session on Wednesday. Technical selling appeared to have been in play as the pair broke down a short-term pennant. He EUR / GBP has fallen to fresh eight-month lows below the 0.8850 level in the […]
EUR / GBP crashes below 0.8860 to lows since May 2020
The pound registered an advance on almost all fronts, the best of the European session. EUR / GBP could weaken the technical outlook to close below 0.8860. He EUR / GBP fell below a key support zone, which is the 0.8860 area, which contained casualties several times in the second half of last year. The […]
EUR / GBP within a range near the 0.8900 level
EUR / GBP is moving slightly higher on Tuesday, focusing more on US fundamentals. The pair has moved into a range near the 0.8900 level as the bears continue to target a key support at 0.8850. He EUR/GBP has moved slightly higher on Tuesday, focusing more on American fundamentals (the testimony before Congress of the […]
EUR / GBP loses ground gained, returns below 0.8900
After climbing close to 40 pips in the early part of Monday to a three-day high at 0.8925, the EUR/GBP you have lost all recorded winnings. The pair has returned to the starting point of the day, the daily low 0.8886. At time of writing, the cross is trading above 0.8889, losing 0.02% daily. The […]
EUR / GBP will fall towards 0.87 in 12 months – Danske Bank
Danske Bank economists still believe that the pound will strengthen in 2021 with higher rates in the short term, a rapid vaccination process in the UK and much less Brexit uncertainty. Hence, you see EUR / GBP moving towards 0.87 in 12 months. Key statements: “The greatest uncertainty of the year Bank of england is […]
