EUR/GBP

[martyn]

EURGBP is currently being moved down with medium volatility to the level of 0.76355, MACD shows the market still have a strong downward trend, so the market is still expected will move down to the level of 0.76266.

[martyn]

EURGBP is currently moving down to the level of 0.75546 and the SAR indicator shows the market has reached a saturation point, it is estimated the market will move up to the level of 0.75768.

[martyn]

EURGBP is now moving up to the level of 0.75857 and the MACD shows the market still have a strong upward trend, so the market is still expected will move up to the level of 0.76093.

[martyn]

EURGBP is currently moving up with a trending pattern to the level of 0.75661, Bollinger Bands indicator shows the market still have a strong downtrend, so the market is still expected will move down to the level of 0.75522.

[martyn]

EURGBP is currently moving up to the level of 0.76179, MACD shows the market still have a strong upward trend, so the market is still expected will move up to the level of 0.76327.

[martyn]

EURGBP is currently moving down to the level of 0.76206, MACD shows the market still have a strong downtrend, so the market is still expected will move down to the level of 0.75947.

[martyn]

EURGBP is now moving up to the level of 0.76263, WMR indicator signaling the market price has reached a saturation point, it is estimated the market will move down to the level of 0.76149.

[ALex]

EURGBP Technical Levels - 14.03.2017
GBP under pressure after the UK Parliament passed the Brexit bill that allows PM Theresa May to trigger Article 50
Technically, EURGBP next immediate resistance above at 0.8800, 0.8852 and 0.8873 levels.
Down side immediate support at 0.8764, 0.8713 and 0.8700 levels.
Trend overall looking slightly bullish at the moment.

[Ricard Dorman]

After creating a false break signal now we are in a range; my general strategy for range trading is; buy at the support level and sell at the resistance level! Although, I missed the last buy opportunity; because it was too aggressive! By the way, now I am waiting to open a sell trade at the point 0.9056 with 60 pips SL and my initial target will 0.8822.

[rohit]

EUR/GBP powerfully closer to mid-0.8700s post-UK GDP

The EUR/GBP cross rallied around 50-pips,surged to an intraday high level of 0.8744 following disappointing UK GDP growth figures. The British Pound weakened across the board after the preliminary UK GDP print fell short of expectations and showed q-o-q growth of 0.1% during the first quarter of 2018 as against 0.4% anticipated.
The yearly rate also missed expectations and came in at 1.2% vs. 1.4% expected. Against the backdrop of last week's dovish surprise by the BOE Governor, yet another dismal UK macro data further dampened BOE rate hike expectations and prompted some aggressive GBP selling in the last hour.
With today's strong up-move, the cross has now reversed majority of Thursday's post-ECB retracement slide, albeit further gains are likely to be capped amid an offered tone surrounding the shared currency.