Tag Archives: EUR/GBP
EUR/GBP Technical Analysis
(0,8650) EUR/GBP failed to confirm Monday’s negative day reversal forming instead a positive one; only a daily closing tonight above 0,8650 will however confirm higher levels!!
FX G10/EM Morning Trader Views
EUR – Eur did a lot of work yesterday on a 1.30 handle, but after the early LDN dip never really looked like it would revisit the early morning lows at 1.3018.
Daily FX Technical Strategy – Melting EUR/USD candlesticks
Following the events in Europe earlier this week, Italian yields responded in a strongly bearish manner, ending a downtrend in yields that had been in place for seven months.
FX Daily Crosses
Today’s highlights: – EURGBP: Emphatic reversal lower off the resistance zone at .8779/.8800 warns of a further decline for .8442.
EUR/GBP Technical Analysis
(0,8595) EUR/GBP confirmed a negative day reversal after a 88 overshooting. A daily closing tonight below 0,8600 will confirm a s/t top suggesting a deeper correction and this time we go lower suggesting a retest of the 0,8440 area.
Technical Alert
Risk is off on the inconclusive Italian election risking a hung parliament (and possibly another election). The yen and the dollar feed on the euro misfortunes…
FX G10/EM Morning Trader Views
EUR – After opening in Asia with a squeeze clearing the book of stops topside to 1.3240, assisted in no small part by eurjpy demand, we have settled back down into 1.3190/30 range.
FX Daily Crosses
Today’s highlights: – EURGBP: Resistance zone at .8779/.8800 holds, keeping the risk lower for .8601/.8571, with scope for .8442.
EUR/GBP Technical Analysis
(0,8730) EUR/GBP confirmed a strong closing on Friday forming a positive day reversal. The weekly closing was also strong, above the top of the previous week suggesting further strength.
Technical Alert
EUR awaits the outcome of the IT election. UK downgrading and £ selling…but if this is all that will be seen..well then sterling rebound advocated Friday will soon be back.
FX Daily Crosses
Today’s highlights: – EURGBP: Failure at key .8766-.8800 resistance zone points to a decline through .8601/.8571 to challenge .8442/.8390 chart/retracement support zone.
Daily FX Technical Strategy – Fuel for the USD bulls
The bearish EUR/USD readings are catching pace. Although the larger uptrend is still supported, the risk is that broader USD strength can drive this cross lower in range.