EURGBP – Euro Weakness Short-lived Post Italy Rejected Reforms

EURGBP – Euro Weakness Short-lived Post Italy Rejected Reforms Key Highlights The Euro was under a lot of pressure against the US Dollar and the British Pound due to fact that Italy voted to discard the constitutional reforms in the referendum. However, the downsides in EURUSD and EURGBP were short-lived, as pairs managed to bounce back sharply. The Euro may remai...
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EURGBP – Euro Eyeing Crucial Break Versus British Pound

EURGBP – Euro Eyeing Crucial Break Versus British Pound Key Highlights The Euro after trading as high as 0.8820 against the British Pound struggled and started correcting lower. There is a major contracting triangle pattern formed on the 4-hours chart of the EURGBP pair, which may act as a catalyst for the next move. Today in the Euro Zone, the preliminary Manufac...
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EURGBP – Recovery Before Heading Down Once Again?

EURGBP – Recovery Before Heading Down Once Again? Key Highlights             Euro traded down against the British Pound this week, but it looks like it may recover some ground before resuming downtrend. There is a bearish trend line formed on the 4-hours chart of the EURGBP pair, which may act as a resistance area if the pair moves higher. Euro Zone Manu...
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EURGBP – Euro Remains In Uptrend Vs British Pound

EURGBP – Euro Remains In Uptrend Vs British Pound Key Highlights             Euro traded higher against the British pound and gained heavily recently to trade above 0.8020. There is a bullish trend line formed on the hourly chart of the EURGBP pair, which is acting as a monster support and pushing the pair higher. Today, in the Euro Zone, the ECB Moneta...
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EURGBP – Critical Break, More Losses On Cards?

EURGBP – Critical Break, More Losses On Cards? Key Highlights             The Euro moved down against the British Pound and broke a major support area. There was a contracting triangle pattern formed on the hourly chart of the EURGBP pair, which was broken during the Asian session. Today, the German Unemployment Change will be published by the German Sta...
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EURGBP – British Pound Weakness To Continue?

EURGBP – British Pound Weakness To Continue? Key Highlights             Recent economic releases in the UK failed to help the British Pound and it traded lower not only against the US dollar, but also against the Euro. EURGBP traded above 0.7400-50 resistance area, which pushed the pair higher in the short term. Today, the Euro Area Industrial Production...
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EURGBP Mixed Post UK Employment Report

Key Highlights Euro after climbing higher not only against the US dollar, but also against the British Pound found resistance and traded lower. UK Claimant Change released by the National Statistic registered a reading of -4.9K, whereas the market was expecting 1.5K in June 2015. The ILO Unemployment Rate remained steady at 5.6% as expected by the FX market. Average E...
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EURGBP – Euro at Clear Risk of Further Declines

Key Highlights EURGBP pair continues to correct lower from recent high of 0.7418 just shy of the key barrier at 0.7420. Nothing eventful in Euroland data wise today, which means action might be sentiment based. Earlier today in Australia, the RBA reduced interest rates from 2.25% to 2% as forecasted. RBA Interest Rate Decision Today, there was a monster release in...
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EURGBP at Make it or Break Levels

Key Highlights Euro’s slide against the British pound gained pace as sellers managed to take it lower. EURGBP tested the 0.7200 support area where buyers just managed to protect the downside. Today, in the Euro zone the Portugal Consumer Price Index was released by Statistics Portugal, which posted a rise of 1.9% in March 2015, compared to the preceding month. Tech...
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EURGBP Might Struggle To Trade Higher

Key Highlights Euro traded higher against the British pound, but struggled to clear a major hurdle at 0.7350. EURGBP market sentiment looks bullish, but it is facing an important resistance which is stalling upside in the near term. Germany Factory orders will be released by the Deutsche Bundesbank, which is expected to increase by 1.5% in February 2015, compared to the...
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