Our focus in today’s Forex update is EURGBP, which has stretched its downside trend from 0.8714 to as far as 0.8554. In the current scenery, immediate resistance lies at 0.8590. As long as this mark serves as...
The EURGBP pair has dipped below the 0.8585 support mark, indicating a renewed downside movement from its 0.8714 high. Over the next few trading sessions, a further decline can be expected. The pair could be eyeing the...
The EURGBP has charted a sideways move over the past few days, framed by a trading range from 0.8586 to 0.8620. Until the 0.8620 resistance cap is breached, this horizontal drift can be interpreted as a consolidation...
EURGBP has failed to break above the resistance level at 0.8620 and is currently moving sideways within a trading range between 0.8586 and 0.8620. This indicates a consolidation phase in the market. As long as the resistance...
EURGBP has continued its downside move from 0.8714 and reached as low as 0.8586. As long as the price remains below the 0.8620 resistance level, the downside move could be expected to continue. The next potential target...
EURGBP has been in a downtrend, starting from 0.8714, and the downside move has extended to as low as 0.8600. This indicates the prevailing bearish momentum in the pair. Immediate resistance is identified at 0.8639. As long...
In our service, we provide members trade setup in Live Trading Room. However, our setup is based on certain conditions. To trade, we need these conditions: In the charts below, we show how we gave a call...
Since earlier this year, EURGBP has been trending lower due to the risk of Brexit off the table and optimism of UK’s vaccination program. We forecasted the move lower in EURGBP in our article on January 19...
The $EURGBP Longer Term Cycles & Elliott Wave Firstly as seen on the monthly chart below there is data back to January 1975 in the pair. The EUR part being derived from the German Deutsche Mark up until...
Pound sterling continues to gain against other major currencies as the risk of a hard Brexit is now off-table. Last week, the currency also got a boost after Bank of England ruled out negative interest rate anytime...
