Tag Archives: EUR/GBP

GBP Outlook: Weaker versus USD, stable versus EUR

During August the pound weakened against the US dollar in terms of London closing rates from 1.6883 to 1.6579.

EUR/USD continues to move lower and is nowclose to its key support at 1.3105 (06/09/2013low).

Today’s highlights: EURUSD breaks to a new cycle low leaving the trend directly bearish to 1.3104, then our 1.3020/15 target.

EURUSD: With the Thu/Fri bounce occurring in a clear three wavecorrective manner a new trend low

Focus will be on European and Asian data with the US closed for Labour Day.

The correction lower from the failed attempt at the $1.3220 level gathered steam Friday with the bearish close around

U.S. Review Data Details Show Economy Continues to Firm • Second quarter GDP was revised higher to a 4.2 percent annualized rate,

Today’s highlights: EURJPY is attempting to break its medium-term uptrend at 136.57.

EUR/USD remains weak as can be seen by thefailure to break the hourly resistance at 1.3220(25/08/2014 high).

Market focus will continue to be on the developments in Ukraine.

The $1.3220 level basically confirmed its significance with the EUR/USD trading above by a pip before correcting back

EUR/USD was able to bounce of 2014 lows at1.3153 yet buying pressure is thin.