EUR/GBP Analysis: Daily Chart Suggests Crucial Bullish Break

Key Highlights The Euro climbed above the 0.8700 and 0.8750 resistance levels against the British Pound. EUR/GBP surpassed a major bearish trend line with resistance near 0.8640 on the daily chart.The UK CPI increased 2.1% in April 2019 (YoY), less than the 2.2% forecast.The Euro Zone Manufacturing PMI in May 2019 (Prelim) could rise from 47.9 to 48.1. EURGBP Technical A...
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EUR/GBP Could Resume Slide Below 0.8530

Key Highlights The Euro recovered recently, but failed to clear the 0.8650 resistance against the British Pound. A crucial bearish trend line is formed with resistance at 0.8620 on the 4-hour chart of EUR/GBP. The US Durable Goods Orders increased 0.4% in Jan 2019, better than the -0.5% forecast. The German CPI for Feb 2019 will be released today, which could incr...
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EUR/GBP Could Resume Downtrend Below 0.8700

Key Highlights The Euro struggled near 0.8840 and later declined against the British Pound. There was a break below a major bullish trend line with support at 0.8770 on the 4-hours chart of EUR/GBP. Germany’s PPI for Jan 2019 increased 0.4% (MoM), compared with the -0.2% forecast. The Euro Zone Manufacturing PMI for Feb 2019 (Preliminary) will be released today,...
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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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