Euro eases downward pressure against the pound at the start of the week. EUR / GBP moves away from the key barrier of 0.8860. EUR / GBP is starting the week with a bullish tone. It reached at the beginning of the European session the highest level since Wednesday at 0.8924. After this it fell […]
Tag: EURGBP
EUR / GBP bounces after testing weekly lows at 0.8900 area, still under pressure
The pound is again losing momentum against the euro near a key technical level. EUR / GBP bearish bias remains, but consolidating on Thursday. EUR / GBP fell to 0.8887 on Thursday, just above Wednesday’s low and then bounced back to the 0.8900 area, where it is trading, unchanged from yesterday’s close. The short-term trend […]
EUR / GBP cuts losses and returns above 0.8900 after reaching lows in one month
EUR / GBP remains under pressure but again bounces from below 0.8900. The libar loses strength and cuts profits in the market. The EUR / GBP cut losses in the American session and rose to 0.8918 after previously falling to 0.8882, the lowest level since November 23. The rebound came after GBP / USD broke […]
EUR / GBP falls to six-week lows at 0.8920
He EUR/GBP it has lost 75 pips from the intraday ceiling of the Asian opening, 0.8995, to stop in the early hours of the American session in the zone 0.8920, new low of six and a half weeks. The pair has recovered a few pips from the aforementioned low but is still heavily downward pressure, […]
Falls to fresh monthly lows around key support of 0.8935-30
EUR / GBP remains under intense selling pressure for the fourth day in a row. The oversold conditions on the 1 hour chart warrant caution before opening new bearish positions. The cross still appears vulnerable to extending the slide to retest the November 2020 lows. The EUR / GBP cross has seen strong selling for […]
EUR / GBP falls to lows of more than a week, below 0.8950, following Bailey’s comments
EUR / GBP witnessed strong selling for the fourth day in a row on Tuesday. Bank of England Governor Andrew Bailey downplays speculation about negative rates and boosts the British pound. A weaker USD benefits the common currency, which could help limit deeper losses in the EUR / GBP. A sudden spike in demand for […]
Update weekly highs, seems ready to go higher
EUR / GBP formed a solid base near the 200 hourly simple moving average and jumped to new weekly highs. The technical setup already seems to have shifted in favor of bullish traders. The RSI on the 1 hour chart deserves some caution before making any new bullish bets. The crossing EUR/GBP it caught some […]
EUR / GBP trapped between 21 and 50 DMA at 0.95
The EUR / GBP is within the 0.95 range and remains trapped between the 21 and 50 DMA. The couple is likely to continue to be boosted by the Covid-19 lockdown and vaccination developments on both sides of the English Channel. For most of the last 24 hours, the EUR/GBP it remained in a range […]
Aim for more hikes in the short term – Commerzbank
EUR / GBP remains in demand after closing above 0.90 on Monday and Axel Rudolph, FICC senior technical analyst at Commerzbank, expects the pair to extend bullish momentum in the near term. Key statements: “Yesterday, the EUR / GBP formed a key reversal by first falling below the late December low to its current January […]
Jumps to three-day highs around 0.9050
EUR / GBP extends the gains of the previous day and continued to rise for the second day in a row. The technical setup favors the bulls and supports the prospects for a move towards the 0.9100 level. Sustained weakness below the 0.9000 psychological level will negate the constructive outlook. The EUR / GBP cross […]
