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...
Read More

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...
Read More

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...
Read More

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...
Read More

EUR/GBP Could Resume its Downtrend?

Key Highlights The Euro faced a lot of selling interest near 0.8780-90 against the British Pound and declined. There are two crucial bearish trend lines forming with resistance near 0.8770 on the 4-hours chart of EUR/GBP. The UK Manufacturing PMI in March 2018 increased from the last revised reading of 55.0 to 55.1. Today, the Euro Zone CPI report for March 2018 (...
Read More

EUR/GBP Remains in Steady Uptrend

Key Highlights The Euro made a nice upside move and traded above the 0.8920 resistance against the British Pound. There is a connecting bullish trend line forming with support at 0.8920 on the 4-hours chart of EUR/GBP. The Euro Zone Gross Domestic Product increased 0.6% in Q4 2017, similar to the market forecast. Today, the ECB Interest Rate Decision will be annou...
Read More

EUR/GBP – Can Euro Retain Gains Vs British Pound?

Key Highlights The Euro made a nice upside move from the 0.8810-0.8800 area against the British Pound. There was a break above a major bearish trend line with resistance at 0.8855 on the 4-hours chart of EUR/GBP. The Germany’s wholesale price Index in Oct 2017 posted no change, whereas the forecast was +0.4% (MoM). Today in the UK, the CPI for Oct 2017 will be r...
Read More

EUR/GBP – Euro at Risk of Further Declines Vs British Pound

Key Highlights The Euro started a downside move from the 0.9280 swing high and now trading below 0.8800 against the British Pound. There is a key bearish trend line forming with resistance at 0.8780 on the 4-hours chart of EUR/GBP. Germany’s GfK Consumer Confidence in Oct 2017 is forecasted to decline from 10.9 to 10.8. The US Gross Domestic Product report will ...
Read More

EUR/GBP – Euro Remains Well Bid Above 0.9000 Vs British Pound

Key Highlights The Euro after breaching 0.9000 traded as high as 0.9119 against the British Pound. There is a key bullish trend line forming with support at 0.9060 on the 4-hours chart of EUR/GBP. Germany’s Gross Domestic Product preliminary reading for Q2 2017 came in at 0.6% (QoQ), down from the last +0.7%. Today, the US Retail Sales figure for July 2017 will ...
Read More

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...
Read More

«...23