EUR/GBP Could Continue To Rebound In Near Term

Key Highlights The Euro formed a solid support near 0.8620 and recovered against the British Pound. There was a break above a crucial bearish trend line with resistance at 0.8660 on the 4-hours chart of EUR/GBP. The Euro Zone Economic Confidence Index in Jan 2019 declined from 107.4 to 106.2. Today, the Euro Zone GDP figure for Q4 2018 (Prelim) will be released, w...
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EUR/GBP Remains In Uptrend Above 0.8940

Key Highlights The Euro rallied recently and traded above the 0.8900 and 0.9000 resistances against the British Pound. There is a crucial bullish trend line formed with support at 0.8960 on the 4-hours chart of EUR/GBP. The US CPI in Nov 2018 increased 2.2% (YoY), similar to the forecast, but less than the last 2.5%. Today, the ECB Interest Rate Decision is lined ...
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Can EUR/GBP Continue To Recover?

Key Highlights The Euro started an upside correction from the 0.8720 support against the British Pound. There is a major ascending channel formed with support at 0.8800 on the 4-hours chart of EUR/GBP. The UK CBI Industrial Trends Orders Survey declined from -1 to -6 in Oct 2018 (MoM). Today, the Euro Zone Manufacturing PMI for Oct 2018 (Preliminary) will be relea...
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EUR/GBP Could Trade Further Higher Toward 0.9080

Key Highlights The Euro found fresh bids near the 0.8940 level and recovered against the British Pound. There was a break above a major bearish trend line with resistance at 0.9010 on the 4-hour chart of EUR/GBP. The Euro Zone Services PMI in August 2018 remained stable at 54.4. Today, the US ADP Employment Change for August 2018 will be released, which is forecas...
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EUR/GBP Remains in Major Uptrend Above 0.8880

Key Highlights The Euro traded above the 0.9000 level recently before correcting lower against the British Pound. There is a crucial ascending channel in place with support at 0.8900 on the daily chart of GBP/USD. The Euro Area Gross Domestic Product for Q2 2018 (Prelim) posted a rise of 0.4% (QoQ), more than the forecast of 0.3%. Today, the UK Consumer Price Inde...
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EUR/GBP Holding Crucial Support Near 0.8800

Key Highlights The Euro corrected lower after trading as high as 0.8890 against the British Pound. There is a major bullish trend line in place with support at 0.8800 on the 4-hours chart of EUR/GBP. The Euro Zone Services PMI in June 2018 increased from the last reading of 55.0 to 55.2. Today in the US, the Services PMI for June 2018 will be released, which is fo...
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EUR/GBP Upsides Remain Capped Near 0.8800

Key Highlights The Euro remained confined in a broad range below the 0.8800 resistance against the British Pound. There is a major bearish trend line in place with resistance near 0.8800 on the 4-hours chart of EUR/GBP. On the downside, supports are seen near the 0.8720 and 0.8700 levels. Today in the Euro Zone, the GDP report for Q1 2018 will be released, which i...
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EUR/GBP Approaching Crucial Break In Near Term

Key Highlights The Euro declined sharply versus the US Dollar, but held gains against the British Pound. There is a crucial contracting triangle forming with resistance at 0.8810 on the 4-hours chart of EUR/GBP. UK’s Consumer Price Index in April 2018 increased 0.4% (MoM), less than the forecast of +0.5%. Today in the UK, the Retail Sales report for Feb 2018 wil...
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Euro at Risk of More Declines Vs USD and GBP

Key Highlights The Euro declined heavily this week against most major currencies, including US Dollar and British Pound. A crucial bearish trend line with current resistance near 0.8790 protected gains on the daily chart of EUR/GBP. The Euro Area CPI in April 2018 increased 0.3% (MoM), similar to the forecast. The yearly change in the Euro Zone CPI was 1.2% in Apr...
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Can EUR/GBP Hold Gains Above 0.8680?

Key Highlights The Euro started a nice upside move from the 0.8620 low against the British Pound. The EUR/GBP pair is attempting an upside break above a crucial bearish trend line at 0.8695 on the 4-hours chart. The UK CPI in March 2018 increased 2.5% (YoY), less than the forecast of +2.7%. Today, the UK Retail Sales report for March 2018 will be released, which i...
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