Tag Archives: EUR/GBP
Daily FX Technical Strategy: Markets exhale
Recent eurozone headlines gave for investors a reason to take a breather, as immediate downside risks have been averted for EUR/USD.
FX Daily Crosses
Today’s highlights: – EURGBP: A fresh lower low, as the downtrend persists lower towards the .8442/11 chart/38.2% Fibonacci retracement support cluster.
FX G10/EM Morning Trader Views
EURUSD – Cyprus still rumbling on, and not for the better, throw in weak German and French PMI’s and eurusd seems to be defying gravity by hanging around this 1.2880/1.2900 region.
FX Daily
– The Eurogroup held a teleconference yesterday evening and again invited Cyprus to come up with an alternative proposal for a deal.
Daily FX Technical Strategy: At the expense of the EUR
Throughout the week while EUR/USD has traded sideways, EUR crosses have remained under pressure as investors prefer buying the likes of AUD, NZD, and GBP against the EUR.
EUR/GBP Technical Analysis
(0,8489) EUR/GBP confirmed again a weak closing below the support of the previous few sessions as well as below the s/t key level at 0,8505.
EURGBP – double-top break at .8575 projects a move to .8341
EURGBP failed last month at a trendline that dated back to 2009 and in so doing formed a clear double-top. The neckline at .8575 after being broken has since been tested unsuccessfully.
FX Daily Crosses
Today’s highlights: – EURSEK: Market completes a bullish flag pattern off 8.3130 support after breaking above resistance at 8.3559.
EUR/GBP Technical Analysis
(0,8498) EUR/GBP confirmed a positive closing last night before plunging again this morning, move that already confirmed a new s/t low.
FX Daily
– The Federal Reserve yesterday reaffirmed its commitment to continue quantitative easing until it sees substantial improvement in the US labour market situation.
Daily FX Technical Strategy: USD-supportive cycle
Although EUR/USD backed away from the edge yesterday, failing to close beneath a support area near 1.2875, we note that the greater bullish potential for the USD in general remains in place.
FX Daily Crosses
Today’s highlights: – EURGBP: Focus remains to the downside for a test of the .8442/11 support cluster after breaking .8571/6 neckline support.