The pound strengthens against the euro at the end of the month. EUR / GBP breaks key support, increasing negative tone. The EUR / GBP is falling for the fourth day of the last five days with the particularity of having broken the previous lows of the month. The price fell below 0.9000 to 0.8985, […]
Tag: EURGBP
Bears flirt with descending triangle support, around 0.9000 level
EUR / GBP is witnessing some selling on Friday and falls to the 0.9000 support zone. The formation of a descending triangle and bearish oscillators support the prospects for a further decline. The EUR / GBP cross has struggled to capitalize on its positive intraday movement and has encountered further selling near resistance marked by […]
Limited fall above 0.9000 support zone
The EUR / GBP downtrend has been contained above 0.9000. The euro is moving within a descending triangle against the pound. The support area at 0.9000 has withstood another attack today, with the euro on the defensive after the European Central Bank suggested further stimulus measures in December. The pair found buyers at 0.9005, although […]
EUR / GBP remains defensive below 0.9050 after ECB / Lagarde
Post-ECB selling around the euro helped the EUR / GBP rebound away from 0.9000. The intraday recovery move attempt faltered near a downtrend line resistance. The EUR / GBP cross rose more than 50 pips from the two-week lows and updated the daily highs, around the 0.9060 region in the last hour, although it quickly […]
Waiting for a breakout of the descending triangle, attention is on the ECB
EUR / GBP is witnessing some selling on Thursday, although it remains within the recent range. The formation of a descending triangle supports the prospects for a further short-term bearish move. A rally above 0.9065 will negate the bearish setup and trigger a short covering move. The EUR / GBP cross moved lower during the […]
Consolidating above the 0.9005 / 15 support area
EUR / GBP continues to trade sideways between 0.9000 and 0.9100. The pair does not show a clear direction with all eyes on Brexit.The euro appreciated slightly on Wednesday after rebounding from support at the 0.9005 / 15 area. The pair, however, remains on the defensive, with limited bullish movements below the confluence of the […]
EUR / GBP trying to find support at the 0.9045 zone
EUR / GBP is pushing lower to test support at the 0.9045 area. The pound remains moderately offered on hopes of a Brexit deal. EUR / GBP remains trapped within a clear downtrend channel. The euro has been moving in no clear direction against the British pound on Tuesday, before declining during the US session […]
EUR / GBP fails to break 0.9100 and falls towards 0.9045
The euro loses momentum during the American session, with its eyes on the ECB meeting. The pound holds gains amid limited price action. The EUR/GBP it broke below 0.9060 and fell to 0.9044, reaching a new daily low. At time of writing, the pair is trading at 0.98055, falling for the second day in a […]
EUR / GBP returns part of the initial gains and falls back to the 0.9070 region
EUR / GBP regains some positive traction on Tuesday, although it lacks a strong following. Brexit-related uncertainties weigh on the GBP and support the pair’s bullish move. The configuration warrants caution before positioning itself directionally amid the absence of economic releases. The crossing EUR/GBP has moved higher at the start of the European session on […]
EUR / GBP bullish attempts remain capped below 0.9100
EUR / GBP is stable above 0.9040 and capped below 0.9100. The pound remains on the defensive despite upbeat Brexit news. The pessimistic German business climate index adds pressure on the EUR. The euro has moved back and forth against the pound, trading without a clear bias on Monday. He EUR/GBP remains steady in the […]
