Posts Tagged ‘EUR/GBP’

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EUR/GBP Is Capped by a Declining Trend Line — Forecast — May 10th 2017

In this video, the Trading Central looks at the currency pair EUR/GBP for the May 10th session. EUR/GBP — Looking at the intraday 30-min chart, the pair indeed remains capped by the declining trendline, in place since last Friday. It remains also capped by the 50-period Moving Average. Further weakness is also expected below the strong horizontal resistance at 0.8425. The first target is set at the horizontal support at 0.8395 and the next target at 0.8370.

EUR/GBP has Validated a Continuation Triangle — Forecast — May 5th 2017

In this video, the Trading Central looks at the currency pair EUR/GBP for the May 5th session. EUR/GBP — Looking at the intraday 30-min chart, the pair has indeed validated a continuation triangle. It remains supported by the 50-period Moving Average. Further advance is also expected above the horizontal support at 0.8475. The first target is set at this morning's top at  0.8510 and the next target at 0.8535.

EUR/GBP is Capped By a Declining TrendLine — Forecast — April 7th 2017

In this video, the Trading Central looks at the currency pair EUR/GBP for the April 7th session. EUR/GBP — Looking at the intraday 30-min chart, the pair remains capped by the declining trendline in place since last Wednesday and stands below the declining 50-period Moving Average. Further weakness is also expected below the strong horizontal resistance at 0.8555. The first target is set at 0.8520 and the next target at 0.8500.

Investors Prefer British Pound

Today, the euro weakened not only against the US dollar, but also against the British pound. The EUR/GBP pair sank to 0.8590. Now the single European currency is trading at 0.8597 against the British pound. Investors opted for the pound as a lucrative asset after the release of data on the economic health of the Eurozone and the UK. According to official data, the Eurozone PMI Composite hit a 6-year high of 56.4. However, economists had expected an increase to 56.7. […]

EUR/GBP Is Cappped by a Declining Trend line — Forecast — April 3rd 2017

In this video, the Trading Central looks at the currency pair EUR/GBP for the April 3rd session. EUR/GBP — Looking at the intraday 30-min chart, the pair indeed remains capped by a declining trendline, which is in place since last Wednesday. It also remains capped by declining 50-period Moving Average. Further weakness is also expected below the strong horizontal resistance at 0.8545. The first target is set at 0.8475 and the next target at 0.8450.

EUR/GBP Is Supported by a Rising Trendline — Forecast — March 10th 2017

In this video, the Trading Central looks at the currency pair EUR/GBP for the March 10th session. EUR/GBP — Looking at the intraday 30-min chart, the pair indeed remains supported by the rising trendline, in place since last Friday. It remains also suppported by the rising 50-period Moving Average. Further advance is expected above the strong horizontal support at 0.8680. The first target is set at the horizontal resistance of 0.8740 and the next target at 0.8770.

EUR/GBP Stands Above a Strong Overlap — Forecast — March 3rd 2017

In this video, the Trading Central looks at the currency pair EUR/GBP for the March 3rd session. EUR/GBP — Looking at the intraday 30-min chart, the pair remains strongly bullish, and stands above the strong horizontal support at 0.8545. The pair also stands above the rising 50-period Moving Average. A further advance was expected towards the yesterday's high at 0.8590 and then towards the horizontal resistance at 0.8610.

Eurozone Reaches Inflation Target

The euro and the British pound still lack momentum to oppose the greenback. At the same time, these currencies in tandem demonstrate fierce struggle. In particular the single European currency climbed against its British counterpart above the level of 0.8580, but then the pair corrected to 0.8573 The rise was boosted by upbeat macroeconomic statistics. Thus, the United Kingdom revealed the report on construction activity for February. The Purchasing Manager Index grew to 52.5 points versus the previous […]

EUR/GBP: A Return to 0.8400 Expected — Forecast — February 24th 2017

In this video, the Trading Central looks at the currency pair EUR/GBP for the February 24th session. EUR/GBP — The pair has come under pressure. On the intraday 30-min chart, we can see that the pair has broken above the descending trendline, 2 days ago. However, it peaked at 0.8495 before starting a downtrend. Currently, technical indicators are pointing to a lack of upward momentum for the pair. So, now be careful. We […]

EUR/GBP Rebound Continues — Forecast — February 16th 2017

In this video, the Trading Central looks at the currency pair EUR/GBP for the February 16th session. EUR/GBP — Trading the EUR/GBP pair is a bit choppy these days. On the intraday 30-min chart, we can see that the pair has located a bottom at around 0.8470 before rebounding yesterday and producing an intraday bullish pattern of higher lows. Also the 50-period Moving Average has come in as support. We have overhead resistance 0.8530 […]

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