Tag Archives: EUR/GBP
FX G10/EM Morning Trader Views
EUR – While short eur worked well initially yesterday as we traded to a low of 1.2911 the lack of follow through an subsequent nasty squeeze all the way back above 1.3030 has ensure i cut shorts for now.
Technical Alert
USD rejected from new highs but decline seen short lived, the GBP correction getting traction and a stronger pound accross the board is seen near term,
EUR/GBP Technical Analysis
(0,8627) EUR/GBP confirmed another weak closing again well below the low of the previous session suggesting this cross formed a s/t top.
FX Daily Crosses
Today’s highlights: – EURGBP: Reverting lower within the current range and break below .8676 interim support now paves the way for eventual re-test of .8589/76/71 range lows.
FX G10/EM Morning Trader Views
EUR – So another fail at 1.3070/80, a weaker Italian auction and strong US retail sales led us to an unwind of long eur and eur x positions.
FX Daily
Key news – Strong US retail sales suggest that consumers have ignored the recent tax hikes so far.
Technical Alert
Dollar continuing on its rising path underpinned by continued under performance by emerging markets equties (vs its major peers), a weaker euro, softer commodities,
EUR/GBP Technical Analysis
(0,8670) EUR/GBP confirmed a weak closing well below the low of the previous session confirming therefore also the small negative day reversal.
EUR/GBP Technical Analysis
(0,8730) EUR/GBP formed again a small negative day reversal after the retest of the 0,8800 area; only a daily closing below 0,8719 will however confirm a s/t top re-launching the correction!!
FX Daily Crosses
Today’s highlights: – EURGBP: The 78.6% Fibonacci retracement hurdle of .8765 remains intact. The risk is skewed lower within the range back towards .8571/6.