Tag Archives: EUR/GBP
Technical Analysis: Technical Alert – July 18
No really strong signs this morning, looks to us like a waiting game… EURUSD rejection from above 1.4200 still lacks a downside acceleration, EURJPY looks more promising but still faces firm support in the 109/111-area, EURGBP to test its key support, 0.8721, this morning,
EUR/GBP’s bounce on 0.8720 is fragile
EUR/GBP EUR/GBP may return to last Thursday’s low of 0.8720/25, or even test the tentative rising support line coming at 0.8680/85 today, before it succeeds in entering a lasting recovery, with a minimum target at 0.9045/50.
HSBC: Currencies: Currency Weekly: GBP – between a rock and a hard place
GBP is caught in the crossfire between negative developments surrounding the EUR and USD. When Eurozone sovereign risk is dominating market focus, GBP outperforms the EUR but underperforms the USD.
Daily Market Technicals – Euro risk shifts to the downside
EUR/USD is showing signs of failure at the 78.6% Fibonacci retracement at 1.4732, and has eroded its near term uptrend. Short term risk has shifted to the downside and we look for a break below cloud support at 1.4295 to trigger another slide to the 1.4007/1.3968 support, which represents recent low and 200 week ma.
Daily Market Technicals – The euro has taken a hit again.
EUR/USD is once more sitting on the 61.8% Fibonacci retracement of the May decline at 1.4569, having remained below the 78.6% Fibonacci retracement at 1.4732 on Wednesday.
Technical Analysis: Technical Alert.
EUR is losing a bit of its recent strength however so far seen as a temporary setback. EUR/USD likely to head for 1.4420/4500, EUR/GBP 0.8830ish, AUD/JPY closed below its bear triangle and the AUD is expected to give up more gains,