EUR / GBP cannot capitalize on its intraday rally above the 0.9100 level. The ECB’s dovish expectations and the rise in COVID-19 cases in Europe weigh on the euro. Brexit-related uncertainties weigh on the GBP and could help limit deeper losses. The crossing EUR/GBP has rapidly retreated around 65 pips during the European session on […]
Tag: EURGBP
EUR / GBP rises to two-day highs around 0.9050
EUR / GBP gains traction for the second day in a row on Friday. The euro benefits from optimistic German and eurozone manufacturing PMIs. Brexit uncertainties weigh on the GBP and support the pair’s upward move. The crossing EUR/GBP has moved higher during the first half of the European session on Friday and has risen […]
Little chance of a move below 0.88 in the coming months – Rabobank
For the British pound, attention has turned to Brexit, despite the multitude of fiscal news headlines, with the news that talks will continue between the UK and the EU pushing EUR / GBP to its lowest levels. from October 14. Rabobank economists do not see the cross moving below 0.88 in the coming months as […]
EUR / GBP clings to modest recovery gains just below 0.9050
EUR / GBP continues to attract some lower level buying, above the 0.9000 key psychological level. GBP bulls refrain from opening aggressive positions, which offers some support to the pair. A softer tone around the common currency limits strong gains, at least for now. The crossing EUR/GBP has moved higher in the first half of […]
Euro falls from 0.9000 support zone
The EUR / GBP reversal from 0.9145 extends towards the 0.9000 zone. The euro sinks 1.2% amid the strength of the pound. The euro made a false breakout of the five-week bearish channel on Tuesday as the pair turned south, dropping around 1.2% so far today to test the bottom of the trading range of […]
EUR / GBP falls towards 0.9000 as Brexit talks resume
The pound skyrockets as Brexit will formally restart. EUR / GBP falls one hundred pips on Wednesday, approaching monthly lows. The EUR/GBP It fell further in the last few hours after Bloomberg’s report that Brexit negotiations were scheduled to restart, with the goal of reaching a deal by mid-November. The pair fell to 0.9016, reaching […]
EUR / GBP falls sharply to daily lows near 0.9065
EUR / GBP is witnessing strong selling on Wednesday amid a strong recovery in demand for the British pound. Brexit-related news continues to influence sentiment around GBP. A modest rally in the common currency does little to offer support or ease the intraday selling bias. The crossing EUR/GBP has fallen sharply during the European session […]
Breaks through a month-long descending channel
EUR / GBP built on its positive intraday move and spiked to nearly two-week highs. The technical setup favors bullish traders and supports the prospects for additional earnings. The crossing EUR/GBP added to its intraday gains and rose above 0.9100, hitting nearly two-week highs in the last hour. Since the cross has shown some resistance […]
EUR / GBP clings to modest gains near 0.9100 level, lacks continuation
EUR / GBP is moving higher for the fourth day in a row on Tuesday. Uncertainties around Brexit weigh on the GBP and support the pair’s upward move. The euro is struggling to gain traction and limits the further gains of the EUR / GBP. The crossing EUR/GBP moves with a slight positive bias at […]
Targets higher after bearish channel breakout on daily chart
The EUR / GBP daily chart shows a bullish reversal pattern. Key indicators favor an extension of Monday’s gains. EUR / GBP broke a five-week bearish channel on Monday, confirming the end of the decline from the 9/11 high of 0.9292 and a further turn to the upside. The breakout of the downtrend line represented […]
