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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