EUR / GBP gains a strong continuation to the upside for the second day in a row on Friday. The technical setup supports the prospects of a breakout of the downtrend line resistance. The emergence of buying near the 0.9140 region should limit any significant decline. The EUR / GBP cross is extending the strong […]
Tag: EURGBP
EUR / GBP returns near multi-week highs after ECB, focus shifts to Brexit
EUR / GBP recovered strong positive traction on Thursday amid fading hopes of a Brexit deal. The strong momentum received an additional boost after the ECB announced its political decision. Investors are now looking forward to the Brexit-related EU Summit headlines. The crossing EUR/GBP added to its strong intraday gains and spiked to the 0.9125-30 […]
EUR / GBP rises towards 0.9100 level, focus is on Brexit and ECB
EUR / GBP gains strong positive traction on Thursday amid renewed selling around GBP. Lack of progress in post-Brexit trade talks clouding prospects for a last-minute deal. Investors look forward to the ECB’s monetary policy decision for further momentum in the pair. Intraday selling around the British pound accelerated during Thursday’s European session and pushed […]
EUR / GBP extends fall and approaches 0.9000 before generalized rise of the pound
The pound appreciates in the market, recovers previous fall. Expectation for a Brexit deal boosts the GBP. Intense hours and days are coming with Brexit, ECB and the European summit. EUR / GBP is falling on Wednesday, accelerating the pullback from a month-long high that reached 0.9144 on Monday. The price is at the day’s […]
EUR / GBP clings to gains near 0.9075-80 zone after ZEW data for Germany and eurozone
EUR / GBP regained positive traction on Tuesday and fell back to 0.9100. Lingering Brexit-related uncertainties weigh on the GBP and support the pair’s upward move. The common currency maintains its modest gains after the upbeat ZEW Economic Sentiment Index. The crossing EUR/GBP moves higher during the European session on Tuesday, staying close to daily […]
EUR / GBP trades around 0.9050
EUR / GBP spiked as high as 0.9140 on Monday, but has since reversed to around 0.9050. However, as a Brexit deal is at stake, the pair is still trading around 40 pips or 0.4% on the day. The EUR/GBP It is pretty much back to where it started the day it opened for the […]
The bulls briefly pause near the 61.8% Fibonacci, just below 0.9150
EUR / GBP gains strong positive traction on Monday and breaks above the 0.9100 level. The bulls await some subsequent purchases above the 61.8% Fibonacci before opening new positions. Dips below the 0.9100 level could be seen as an opportunity to initiate new bullish positions. The EUR / GBP cross has captured some aggressive buying […]
Resistance at 0.9150 / 65 will be an important limit – Credit Suisse
EUR / GBP holds a short-term bottom above 0.9007, but Credit Suisse analysts see the current strength as temporary with resistance at 0.9150 / 65, which should ideally slow the gains. Key statements: “EUR / GBP has held the support of its 55-day rising average and with a small base above the September downtrend and […]
EUR / GBP climbs to seven-week highs around 0.9135 region amid Brexit chaos
EUR / GBP gains strong traction on Monday and breaks above the 0.9100 level. The news around Brexit weighs on the pound and favors the upward movement of the pair. The British pound has seen a strong sell at the start of the European session on Monday, propelling the EUR / GBP cross to new […]
EUR / GBP reverses and tests levels below 0.9000, critical days ahead
EUR / GBP is about to end the week with gains, far from the peak. The pound regains strength as the EU and the UK continue negotiations. The EUR/GBP it retraced further and bottomed at 0.8982, reaching a new three-day low. It then rallied to 0.9010. Speculation about Brexit continues to fuel volatility at the […]
