Share: EUR/GBP rebounds from a YTD low of 0.8492 to trade at 0.8542, gaining 0.28%, but remains below crucial moving averages. The intraday outlook is neutral; a daily close above the August 22 high of 0.8545 could signal a move toward 0.8600. Sellers could target the 0.8500 level if the pair closes below […]
Share: EUR/GBP gains ground around 0.8543, up 0.02% for the day. The German Buba Monthly Report revealed that inflation could stay above the central bank’s target for longer. Traders expect the Bank of England (BoE) to raise a 25 basis point (bps) rate to 5.50% in the September meeting. The Eurozone/UK PMI data, […]
Share: EUR/GBP slips past 50 and 20-day EMAs, reflecting increased bearish sentiment, trading 0.14% below the opening. EUR/GBP’s breaking daily EMAs and one-month-old support trendline, deeper losses loom for the cross as sellers gain momentum. A close below 0.8600 could accelerate the slide toward July 27 swing low, with a focus on the […]
Share: EUR/GBP retreated near 0.8630 after being rejected by the 100-day SMA at 0.8670. Q2 GDP data from the UK avoided stagnation, surpassing market expectations. Higher British yields help the Pound trade stronger against most of its rivals. In Friday’s session, the GBP traded with gains agains most of its rivals as the […]
Share: EUR/GBP retreats from intraday high after rising in the last four consecutive days. German Industrial Production growth contracts more than expected in June. Fears of downbeat UK employment conditions, economic fears about Britain check pair bears. UK Q2 GDP, second-tier data from Eurozone/Germany may entertain traders. EUR/GBP takes a U-turn from the […]
Share: EUR/GBP gains for four consecutive days, up 0.81% for the week, trading at 0.8635 but failing to break through the 100-day EMA at 0.8655. The Bank of England’s 25 bps rate hike influences the pair’s movement, capping further advance. Technical outlook reveals an inverted head-and-shoulders chart pattern, targeting 0.8900. EUR/GBP rallies for […]
Share: EUR/GBP fails to decisively break above the 100 and 200-day EMAs at 0.8664 and 0.8679, respectively, after hitting a two-month high at 0.8700. If EUR/GBP pulls back, support levels emerge at 50-day EMA at 0.8619, 0.8600, 20-day EMA at 0.8594, and July 10 high at 0.8584. A break above 0.8700 will set […]
Share: EUR/GBP slides as UK bond yields surpass German bond yields, strengthening the Pound. From a technical perspective, the pair exhibits a neutral to downward bias, with long-term daily EMAs standing above exchange rates. The EUR/GBP must regain the 0.8600 level and surpass the May 24 daily low resistance of 0.8648 to shift […]
