Preparing for a new Brexit vote
On Tuesday, March 12, 2019, the House of Commons may vote on terms of the UK’s exit from the European Union. Is there a possibility for a big EURGBP change?
Such dynamics indicate the weakening of the euro and the strengthening of the British pound. On March 11...
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Our unique trading strategy has provided us with a technical analysis on the EUR-GBP pair.
Market scenario : We can observe one major level on the EUR-GBP pair, a support level at 0.8440 area.
In our opinion this is a strong support level and we are expecting to observe a bounce once price...
The primary trend of EUR/GBP is bearish on charts and price is sustaining below trend line in its 4 hourly chart. In 4 hourly chart the price is sustaining below 200 day SMA and taking resistance of 50 day SMA indicating downtrend of the pair.
Resistance level 0.7110
Support level 0.7010
If it...
The euro has been doing quite well versus the pound, having appreciated from under 78 to the current level of 83. We do have PM Cameron scheduled to make a speech on Friday regarding the future of British participation in the EU. If the EU membership were put to a vote in Britain how would that...
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