The pound regains ground and clears losses against the euro. EUR / GBP validates Thursday’s rise, but cannot exceed 0.9000. The EUR / GBP erased daily gains in the last hour after failing to break above the 0.9000 zone. The price fell to 0.8965 / 70, a level above the day’s lows of 0.8955. The […]
Tag: EURGBP
The lowest weekly close since August doesn’t mean much to the pound
The pound is about to end the week higher against the euro, a long way from the highs. EUR / GBP remains in a downtrend after failing to break through key support. The EUR/GBP it is poised to post another weekly loss and the lowest close since August. The weekly candle sign is not positive […]
EUR / GBP falls back to 0.8960 after failing to exceed 0.9000
The pound regains some of the ground lost on Thursday. EUR / GBP consolidates the bounce from 0.8850. The EUR / GBP is declining modestly on Friday, a rebound in the pound after Thursday’s slide. The cross fell to 0.8966 during the European session and then rebounded but could not exceed 0.8985. In Asian hours […]
EUR / GBP returns to 0.9000 with the pound on the defensive
EUR / GBP rises 1% on the day to move back towards the 0.90000 zone. The pound sinks on concerns over COVID-19 and Brexit. A weaker than expected GDP has added concerns about the UK’s economic outlook. The euro is going through a remarkable comeback against a libra weakened on Thursday, appreciating more than 1% […]
EUR / GBP bounces sharply towards the 0.9000 level
The British pound loses momentum and retreats for the second day in a row. EUR / GBP points to a possible bottom near 0.8850. The crossing EUR / GBP is up over a hundred pips from Wednesday’s low and is testing the 0.9000 zone. The strong rally has taken place amid a weaker sterling across […]
EUR / GBP recovers from multi-month lows and rises above the 0.8950 level
A combination of factors helps EUR / GBP to recover further from multi-month lows. Brexit-related uncertainties and weaker UK macro data continue to weigh on the British pound. The euro benefits from the subdued demand from the USD and continues to support the bullish move. The selling bias around the British pound has pushed the […]
Euro tries to bottom at 0.8465 support area
The EUR / GBP reversal from 0.9050 extends to test the key support at 0.8860. Below 0.8056, the bears could push the pair to 0.8675. The euro is trying to cut losses on Wednesday, after falling almost 1.5% during the first two days of the week. The pair has bounced from a key support area […]
EUR / GBP could set a major ceiling to fall below 0.8866 – Credit Suisse
EUR / GBP weakness has intensified after breaking the uptrend of 0.8966 / 46, which had been coming since the end of April, as well as significantly the 200-day average, analysts at Credit Suisse note. They estimate that if they lose 0.8866 / 64, an important ceiling would be established. Key statements: “EUR / GBP […]
EUR / GBP falls to six-month lows near 0.8850
The pound continues to perform well among the G10 currencies. EUR / GBP retraces for the third day in a row and tests important support. The EUR / GBP is falling again and accumulates a decline of 150 pips since the week started. The crossing came down on Wednesday until 0.8860, the lowest level since […]
Euro breaks below 0.8965 support
EUR / GBP breaks below the bottom of the triangle pattern and reaches levels below 0.8900. The euro’s downside momentum is gaining ground with the next targets at 0.8860 and 0.8675. The euro has extended its reversal from last week’s highs near 0.9100, falling below 0.8900 for the first time since early September, thus breaking […]
