The EUR / GBP fell back in the last few hours to rise to 0.9065. Attention is still on the Brexit deal. The EUR / GBP in the European session jumped to 0.9066 and then fell back to 0.9017, to get closer to 0.9050. Thursday had a sharp decline, but found support above the important […]
Tag: EURGBP
EUR / GBP accelerates pullback from five-week highs to 0.9000
EUR / GBP cuts weekly gains and returns towards 0.9000. Pullback calls into question recent key resistance break. The EUR / GBP accelerated the decline in the last hour and set new daily lows at 0.9013. It is trading near the low of the day, with the bearish moment still strong, before a general rise […]
EUR / GBP rises further towards 0.9100, breaks the downtrend line
Libra under pressure due to lack of agreement between the EU and the UK. EUR / GBP with daily gains in almost three months. The pair EUR/GBP it is rising sharply on Wednesday, accelerating the bullish move driven by a weaker pound and also technical factors. It peaked at 0.9083, the highest level since October […]
Looking for a bearish channel breakout
EUR / GBP is currently moving above the upper end of the bearish channel, represented by the trend lines connecting the highs of September 11 and October 20 and the lows of September 28 and November 11. The pair needs to achieve a convincing close above 0.8987 on Wednesday to confirm the bullish breakout. That […]
Rejected at bearish channel resistance
EUR / GBP rose 0.7% last week, but failed to break the resistance of a bearish channel. A breakout would imply the end of the downtrend from the September 11 highs near 0.93. EUR / GBP is currently trading slightly lower on the day, around the 0.8965 / 70 region. The pair rose 0.70% in […]
EUR / GBP jumps near 0.9000 as Brexit, Scotland hurts the pound
EUR / GBP breaks the resistance of 0.89940 and is approaching 0.9000. The pound weakens in the face of Brexit uncertainty and the Scottish independence referendum. The break of 0.9000 would improve the short-term bias of the euro. The euro it has accelerated its recovery from the lows of 0.8865 earlier this week, appreciating to […]
EUR / GBP surpasses 0.8950, maximum in a week while the Brexit agreement does not arrive
Libra under pressure due to the no trade agreement between the United Kingdom and the European Union. EUR / GBP rises on the week but does not cut downward bias. The EUR / GBP accelerated the bullish run on Friday driven by a decline in the pound and the stability of the euro. The price […]
EUR / GBP moving within a tight range, limited below 0.8940
EUR / GBP fails near 0.8940, retreating to the 0.8900 zone. Brexit uncertainty hurts the pound. The euro remains dangerously close to the 0.8860 support zone. The euro it appreciated in early trading Thursday, after rebounding from Wednesday’s lows of 0.8890, although the bulls have lacked a follow-through at the 0.8940 zone, and the pair […]
EUR / GBP clings to modest gains above 0.8900 level but lacks continuation
EUR / GBP regains some positive traction for the third day in a row on Thursday. Brexit anxiety weighs on the GBP and continues to support the pair’s rally. A modest pullback in the common currency limits any significant rise in the pair. The crossing EUR/GBP moves with a slight positive bias during the European […]
EUR / GBP rises to new weekly highs around 0.8925-30 region
EUR / GBP gains continuation traction for the second day in a row on Wednesday. Not-so-optimistic Brexit news weighs heavily on the British pound and continues to support the pair’s upward move. The crossing EUR/GBP has reversed an initial drop below the 0.8900 level and has soared to new weekly highs, around the 0.8925-30 region, […]
