Hello Guest, if you are reading this it means you have not registered yet. Please take a second, Click here to register, and in a few simple steps you will be able to enjoy all the many features of our fine community. Note that lewd or meaningless nicknames are prohibited (no numbers or letters at random) and please introduce yourself in the section for you to meet our community.
pcm brokers pcm brokers
Page 4 of 4 FirstFirst ... 234
Results 31 to 33 of 33

Thread: EUR/GBP

  1. #31
    Junior Trader
    Join Date
    Apr 2018
    Posts
    27
    Post Thanks / Like
    Credits
    59
    My Language
    English
    EUR/GBP -- Key test lies ahead

    The pair is trading in a subdued range so far today but the battleground has been defined. Those two levels above are key for buyers to break in order to gain momentum for the next leg higher. Otherwise, this is about as good as it gets for the pair currently.Month-end flows do come into play for the pair, majority of it would have been done last week as well (position clearing before weekend as a convenient factor too).

    What's left for this week?

    UK PMI data is expected to show a rebound from weather-related symptoms, while Eurozone data sees inflation and GDP reports to be released on the week.It's not likely we'll get any major jolt like the one we saw on Friday in response to the UK GDP report, so expect more of a return to the norm this week.For buyers, the key will be getting above the levels mentioned above in order to sustain a move to test the 200-day MA (blue line) and the 38.2 retracement level @ 0.8928.For sellers, risk levels can be defined and limited by those same key levels mentioned above but the pair needs to make its way below the 0.8740 (clearing the 100 and 200-hour MAs) level before near-term momentum starts shifting back towards the downside.

  2. #32
    Administrator
    Join Date
    Apr 2018
    Posts
    116
    Post Thanks / Like
    Credits
    377
    My Language
    English
    EUR/GBP - Towards Bottom
    Both currencies are having a worst day and right now pound is edging out the euro by a tad bit.
    As of EUR/GBP,the pair is little higher on the the day after holding on to support @0.8720.The key support level for the pair will be the 61.8 retracement level @0.8693 but now for the race to the bottom appears to be favouring the sterling so EUR/JBP buyers can take some comfort that we are yet to test said key level.

  3. #33
    Junior Trader
    Join Date
    Aug 2018
    Location
    Nashville, TX 76051, USA
    Posts
    15
    Post Thanks / Like
    Credits
    62
    My Language
    English
    EUR/GBP Technical Analysis: Struggling close 4-month lows ahead of UK macro data

    A assimilation of factors - Italian budgetary worries and the recent Brexit optimism kept exerting downward pressure regarding the irate for the seventh consecutive session.
    The annoyed has now dropped to an important horizontal lead as designate participants now see adopt to the US macroeconomic releases for some spacious impetus.
    Technical indicators going regarding for the daily chart have drifted into unventilated-term oversold conditions and for that remarks, warrant some consolidation back any secondary depreciating involve.
    A certain UK data-led slip to spacious four-month lows is more likely to be limited till the 0.8700 handle, though even a cause offense disappointment might activate a short-covering bounce.

  4. ARIONFORXtarder
 

 
Page 4 of 4 FirstFirst ... 234

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Powered by vBulletin® Version 4.2.4
Copyright © 2018 vBulletin Solutions, Inc. All rights reserved.
Credits System provided by vBCredits II Deluxe v2.1.1 (Pro) - vBulletin Mods & Addons Copyright © 2018 DragonByte Technologies Ltd.
Feedback Buttons provided by Advanced Post Thanks / Like v3.3.0 Patch Level 2 (Lite) - vBulletin Mods & Addons Copyright © 2018 DragonByte Technologies Ltd. Runs best on HiVelocity Hosting.
All times are GMT +4. The time now is 12:54 AM.
CompleteVB skins shared by PreSofts.Com