EUR/GBP Rally Approaching Crucial Resistance, UK CPI Next

Key Highlights EUR/GBP recovered sharply from the 0.8280 support area.It is trading above 0.8400, but approaching a major hurdle near 0.8500.The UK Claimant count changed 28.8K in Nov 2019, more than the 24.5K forecast.The UK CPI could decrease from 1.5% to 1.4% in Nov 2019 (YoY). EUR/GBP Technical Analysis This past week, there was a massive decline in the Euro from ...
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EUR/GBP Accelerating Losses, UK & Euro Zone CPI Reports Next

Key Highlights EUR/GBP declined heavily below the 0.8880 and 0.8800 support levels. The next key support is near the 0.8640 and 0.8620 levels.The Euro Zone CPI could rise 0.9% in Sep 2019 (YoY), similar to the last reading.UK’s CPI might increase 1.8% in Sep 2019 (YoY), more than the last +1.7%. EUR/GBP Technical Analysis This past week, there was a sharp rise in GB...
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EUR/GBP Remains At Risk Of More Declines

Key Highlights The Euro started a significant decline below the 0.9000 support against the British Pound. EUR/GBP could face resistance near 0.8900 and a bearish trend line on the 4-hours chart.The Euro Zone CPI increased 0.1% in August 2019 (MoM), less than the +0.2% forecast.The UK Retail Sales might increase 2.9% in August 2019 (YoY), less than the last +3.3%. EUR/GBP...
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