EUR / GBP remains on the defensive, around 0.9030. A clear break of 0.9026 / 05 should allow weakness to accelerate sharply, with the next support at 0.8934 in its sights, the Credit Suisse team of analysts note. Key statements: “With the short-term downtrend of mid-September still intact, today at 0.9104 / 10 and with […]
Tag: EURGBP
Struggle near the 100-day SMA, around the 0.9030 region
EUR / GBP extends Friday’s rejection drop from bearish channel resistance of over a month. The bears could now aim to test major support near the key psychological level 0.9000. A sustained force above the 0.9100 level will now be seen as a new trigger for the bulls. The EUR / GBP cross witnessed a […]
EUR / GBP recovery from week lows near 0.9000 stops below 0.9100
EUR / GBP rally from 0.9000 level stops at 0.9100. The pound is holding firm despite growing concerns of a no-deal Brexit. EUR / GBP is seen at 0.8900 in three months – Rabobank. The euro has been unable to extend its recovery from weekly lows at 0.9000 to levels above 0.9100 on Friday. The […]
EUR / GBP Price Analysis: Bulls expect a sustained move above the downtrend channel
EUR / GBP gained traction for the second session in a row and moved further away from 0.9000. The technical setup supports the prospects for a bullish breakout via a downtrend channel. Any significant drop below the 0.9070 support could be seen as a buying opportunity near the 100 DMA. The crossing EUR/GBP it gained […]
EUR / GBP: Risk turns bearish, with support seen at 0.8982 – Credit Suisse
EUR / GBP has seen an aggressive rejection of its downtrend since mid-September at 0.9123 to complete a larger bearish “outside day”, Credit Suisse analysts note. They expect this to finally clear the way for a more sustained decline to 0.8982. Key statements: The unclear tone remains as EUR / GBP quickly reversed strength on […]
EUR / GBP Price Analysis: Looks vulnerable near the 100 DMA, around the 0.9020 region
EUR / GBP witnessed a radical intraday shift from a month-old downtrend line. The setup favors bearish traders and supports the prospects for a further short-term depreciation move. Only a sustained move past the aforementioned trend line resistance will nullify the negative outlook. The crossing EUR/GBP it extended its strong intraday retracement from the weekly […]