Tag Archives: EUR/GBP
Daily FX Technical Strategy – Pound under pressure
Against a backdrop of EUR short covering, GBP has come under further selling pressure. Moves at the back end of last week saw EUR/GBP accelerate higher through a multi-month channel top and
EUR/GBP Technical Analysis
(0,8392) EUR/GBP confirmed already a 0,8400 overshooting after Friday’s strong closing. We expect good resistance above this level favouring a correction.
FX Daily Crosses
Today’s highlights: – EURGBP: Strong breakout through .8346 78.6% retracement resistance paves the way for further upside to .8420 and potentially then .8507.
EUR/GBP Technical Analysis
(0,8377) EUR/GBP confirmed further strength suggesting a direct 0,8400 overshooting where we expect however good resistance.
Daily FX Technical Strategy – Pounding GBP
UK 10-year yields closed at their lowest level so far this year and confirmed a small reversal pattern. Relative outperformance of UK bonds is helping to keep GBP under pressure.
EUR/GBP Technical Analysis
(0,8310) EUR/GBP formed a positive day reversal and a daily closing tonight above 0,8321 will already resume the move up suggesting a direct extension toward the 0,8365!
FX Daily Crosses
Today’s highlights: – EURGBP: Reversal lower from .8328 continues with risk to pivot support at .8228 and potentially then .8213 trend line support.
FX Daily Crosses
Today’s highlights: – EURGBP: Resistance holds at .8328/46. We see corrective risk lower to breakout/trendline support at .8228/13.
Technical Alert
The euro looks stretched against many of its peers and it wouldn’t be overly surprising to see it starting to give back some…
EUR/GBP Technical Analysis
(0,8305) EUR/GBP confirmed also yesterday another strong daily closing suggesting further upside potential. Possible therefore a direct extension toward 0,8360 if not even a direct 0,8400 overshooting.
FX Daily Crosses
Today’s highlights: – EURGBP: Decisive break through .8228 and .8263 resistance hurdles keeps the focus higher to next major resistance at .8346. Above here, exposes .8507.