EUR/GBP consolidates its recent losses to one-month lows. The repositioning before the ECB decision offers support to the euro. The lack of continuation buying warrants some caution for the bulls. The crossing EUR/GBP oscillates between timid gains and minor losses and remains stuck in a range around the 0.8300 level during the first half of […]
Tag: EURGBP
EUR/GBP hangs on to gains near 1-week high, holds steady above 0.8350
EUR/GBP opened with a gap higher on Monday, although it lacked follow-up buying. The Ukraine crisis continued to act as a headwind for the euro and limited the uptrend. The crossing EUR/GBP It maintained its offered tone during the mid-European session and was last seen trading around the 0.8370 region, just a few pips below […]
EUR/GBP will plummet to 0.82 in the coming months – ING
The recent weakness of the euro has once again weighed on the EUR/GBP. ING economists expect the cross falls towards the level of 0.82. EUR/GBP can probably continue to bounce around the 0.83-0.84 range “We have a target in the coming months around 0.82, though that may be the extent of the GBP’s move this […]
EUR/GBP falls below 0.8400, trades at multi-day lows
EUR/GBP witnessed some follow-through selling for the third day in a row on Monday. Uncertainty over Ukraine was seen as a key factor behind the euro’s underperformance. Aggressive ECB expectations, and BoE opinion on future rate hikes should help limit further losses. The crossing EUR/GBP fell to a four-day low during the first half of […]
EUR/GBP remains close to 0.8420
EUR/GBP stabilized at the 0.8420 area on Friday as Eurozone inflation failed to support the Euro. While the pair is 1.0% below previous weekly highs above 0.8500, it is still on track to finish the week up 1.1%. Evidence of a growing policy divergence between the ECB and the BoE could support a recovery in […]
EUR/GBP extends pullback below 0.8450
The euro among the weakest currencies on Thursday. EUR/GBP reverses from one-month highs to two-day lows. EUR/GBP extended the decline and marked new two-day lows at 0.8434. In the Asian session the cross had climbed to 0.8512, reaching the highest level since December 21st. The euro is cutting a streak of three consecutive rises in […]
Rise to new yearly highs, reverse head-shoulder-shoulder at stake
-637842278415921496.png "Rise to new yearly highs, reverse head-shoulder-shoulder at stake")
EUR/GBP gains traction for the third day in a row and rises to a new yearly high on Wednesday. The previous day’s up move confirms the breakout of the resistance of an inverse head-shoulder-shoulder pattern. The stage now looks set for a move towards testing an almost year old downtrend line. The EUR/GBP cross extends […]
Inverted head-shoulder-shoulder pattern in formation near 0.8450
-637841473019537210.png "Inverted head-shoulder-shoulder pattern in formation near 0.8450")
EUR/GBP rose for the second day in a row and soared to one-week highs. The recent price action constitutes the formation of an inverted head and shoulders pattern. Sustained strength beyond the 200-day SMA hurdle will confirm a short-term bullish breakout. The crossing EUR/GBP gained strong traction for the second day in a row on […]
EUR/GBP rises towards 0.8400 as Pound extends losses
Libra hit by risk aversion and Bailey’s comments. The euro shows resistance against the strength of the dollar, against the Swiss franc. EUR/GBP is headed for the highest close since March 17. The EUR/GBP rose further after the start of the US session and reached a new weekly high at 0.8396. The euro remains near […]
EUR/GBP continues to rise and approaches 0.8400, hitting one-week highs
The pound weakens on all fronts and extends its decline. BoE Governor’s comments do not help the British currency. EUR/GBP continues the rebound that started last week from levels below 0.8300. EUR/GBP is trading at 1-week highs in the 0.8385 area, on a combination of factors. The pound is under pressure after comments from the […]
