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% […]
The EUR/GBP maintained a sideways bias into today’s trading session despite several supporting fundamental factors on both sides. The UK press announced over the weekend that the UK might be able to offer every adult in the country the first vaccination by June 10, several weeks earlier than the government’s target. Meanwhile, the governor of […]
Key Support: 0.8555 Key Resistance: 0.8600 – 0.8675 Long Term View The EURGBP has been in a really strong bearish market since it broke with the 0.8870 level of support. This level held as support for 250 days. Rigot now we are retesting the next key level at the 0.8550 2H Chart Analysis Last Wednesday […]
Key support: 0.8593 Key Resistance: 0.8720 – 0.8535 Long Term View Since the highs in December the Pound has rallied 7.5% against the Euro (-7.50% move in the EUR/GBP) and last week it rejected the 0.8550 level which is a massive area of resistance turned support from May 2020. 1H Chart Analysis Price is trading […]
Key Support: 0.8549 Key Resistance: 0.8640 Long Term View The EURGBP has moved down 8.25% from the September 9th 2020 highs ia a very choppy way. This market lacks structure but key levels are very well respected. 1H Chart Analysis The EUR/GBP rejected a multiyear level of support (0.8550) which gave us a buy setup […]
