EUR/GBP tries to recover near the 0.8515 price level; as the European trading session commences today. EUR acquires upward momentum with some important events ahead. In addition, upholding the pair’s recent correction may be the guarded hopefulness in the market. Also, a High Harmonized Index Consumer Price that was recorded yesterday emphasizes Christine Lagarde’s speech […]
The EUR/GBP pair climbed higher in the London session on Thursday and touched a two-day peak at 0.8349 in the last two hours. That said, the pair recorded a minor dip following the two-day top sighting, falling to the 0.8323 low as bulls continue to push for a return above the 0.8360 resistance level. The […]
EUR/GBP experienced a sharp fall, following it’s falling below the 0.8350 price level, which has been acting as a major support level in recent times. Presently a new support level has now been found around 0.8300. Investors have abandoned the pair in anticipation of higher United Kingdom CPI (Consumer Price Index) numbers today. More on […]
The EUR/GBP pair fell into a sideways pattern in the European session on Thursday after regaining a significantly bullish momentum on Monday. The currency pair touched a new four-week high at 0.8417 yesterday before reversing mildly over the past few hours. Today’s correction poses a potential break in the parabolic bull run recorded since Monday. […]
The British pound (GBP) touched its highest point against the euro (EUR) since February 2020 amid expectations of an interest rate hike and easing worries over the impact of the Omicron COVID-19 variant on the economy. Analysts opine that Sterling has recorded significant gains since mid-December, thanks to the refusal of the UK government to […]
Key Support: 0.8545 Key Resistance: 0.8590 The EURGBP rejected the top of the immediate bullish structure and dropped -0.60% to retest the previous broken highs (Jul 27- Aug 2 highs). This market is trading inside a very structured bullish move creating bullish divergence since the rally from last week’s lows every time it dips higher. […]
EUR/GBP increases at the moment of writing signaling strong buyers and a potential upside continuation. In the short term, it has decreased a little trying to attract more buyers before jumping higher. The Euro has received a helping hand from the Euro-zone Current Account. The economic indicator was reported at 21.3B versus 12.3B expected and […]
EUR/GBP dropped a little in the H1 chart at the time of writing trying to retest the support levels (resistance has turned into support). The bias is bullish in the short term after breaking above the downtrend line. The pair is somehow expected to increase after some poor UK data reported today. The GDP increased […]
EUR/GBP is trading in the green at the moment of writing but it could turn to the downside again after retesting the weekly pivot point. The Pound could take the lead again soon as the currency remains strong. The United Kingdom inflation data have come in line with expectations earlier. The CPI increased by 1.5% […]
