Tag Archives: EUR/GBP
FX Daily Crosses
Today’s highlights: – EURGBP: Resistance found at .8589, after prodding above the 61.8% Fibonacci retracement. Scope for a correction back to trend support at .8462.
EUR/GBP Technical Analysis
(0,8562) EUR/GBP confirmed another strong closing overshooting already the target of the reversed S_H_S it formed in 2012.
FX Daily Crosses
Today’s highlights: – EUR/GBP: Breakout above .8507 exposes the 61.8% Fibonacci retracement resistance hurdle of .8577.
Technical Alert
€ strength prevailing and more is expected short term.€ vs Scandies lagging a bit but are seen catching up. Sterling continues to lose ground and JPY has entered key support areas vs. both the $ and
EUR/GBP Technical Analysis
(0,8486) EUR/GBP is confirming further strength with the slope of the move up getting now a little too steep and dangerous possible at this point a 0,8500 overshooting where we expect however good resistance.
FX Daily Crosses
Today’s highlights: – EURGBP: Struggling to overcome the .8420 50% retracement after reversing lower from .8442 yesterday. We expect a correction lower, back to .8328, and then .8265.
EUR/GBP Technical Analysis
(0,8403) EUR/GBP confirmed the previous day’s closing after having formed an outside day with 0,8450 – 0,8355 the levels to follow in the coming hours.
Daily FX Technical Strategy – Covering JPY and EUR shorts
In Europe, the theme of EUR short covering continues to intensify along with the rally in the CAC 40. In Japan, the equity and currency relationship is rather the opposite given the recent positioning.
UBS FX Technical
EURUSD – With the MACD above its zero line, reflecting a bull trend, the resistance focus is at 1.3404, the January 14 high.
Technical Alert
EURUSD still trades in what looks like a bullish triangle, so one more high is in the cards. Theoretical targets on an upper break come in at 1.3487 or 1.3545.
EUR/GBP Technical Analysis
(0,8430) EUR/GBP confirmed a further strong closing last night extending the move up toward 0,8430 and it is still well bid!!
FX Daily Crosses
Today’s highlights: – EURGBP: Failing ahead of the .8420 long-term 50% retracement. We expect a correction lower from here back to .8328, with overshoot to .8265 which should hold.