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EUR/GBP

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Re: EUR/GBP

#11
mlawson71 wrote:
Mon Dec 03, 2018 12:05 am
Does anyone have an analysis regarding when the sideways consolidation may end, it's gone on for months now.
More consolidation they say! :thumbdown:

EUR/GBP: Consolidates below its recent highs

According to Karen Jones, analyst at Commerzbank, EUR/GBP is likely to consolidate further below its recent highs of 0.8941/46.

Key Quotes

“In case this resistance area were to be exceeded on a daily chart closing basis, we would look for gains to the early August and September highs at .9031/54 to unfold.”

“Risks are on the topside and the market stays bid near term while above the .8810/00 support. Slips should find support between the July low at .8799 and the November 12 high at .8774.”

“Further support sits at the October trough at .8723.”

Source: https://www.fxstreet.com/news/eur-gbp-c ... 1812070914
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EUR/GBP Technical Analysis: Euro enjoys a Friday pop to 0.8970 resistance

#12
EUR/GBP Technical Analysis: Euro enjoys a Friday pop to 0.8970 resistance

EUR/GBP daily chart
EUR/GBP is trading in a bull trend above a flat 200-day simple moving average.
daily-eurgbp.png

EUR/GBP 4-hour chart
EUR/GBP reached the 0.8970 resistance.
4h-eurgbp.png

EUR/GBP 30-minute chart
EUR/GBP had a small Friday bull run to 0.8970 resistance.
As technical indicators are overbought, the move up might retrace back down to 0.8940, 0.8923 and 0.8910 levels before the uptrend resumes.
m30-eurgbp.png

Additional key levels

Overview:
Today Last Price: 0.8952
Today Daily change: 51 pips
Today Daily change %: 0.573%
Today Daily Open: 0.8901

Trends:
Previous Daily SMA20: 0.8855
Previous Daily SMA50: 0.8829
Previous Daily SMA100: 0.8886
Previous Daily SMA200: 0.8839

Levels:
Previous Daily High: 0.893
Previous Daily Low: 0.8887
Previous Weekly High: 0.8926
Previous Weekly Low: 0.881
Previous Monthly High: 0.8932
Previous Monthly Low: 0.8656
Previous Daily Fibonacci 38.2%: 0.8904
Previous Daily Fibonacci 61.8%: 0.8914
Previous Daily Pivot Point S1: 0.8882
Previous Daily Pivot Point S2: 0.8863
Previous Daily Pivot Point S3: 0.8838
Previous Daily Pivot Point R1: 0.8925
Previous Daily Pivot Point R2: 0.895
Previous Daily Pivot Point R3: 0.8969

Source: https://www.fxstreet.com/news/eur-gbp-t ... 1812072036
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EURGBP declines below 3-month high

#13
EURGBP declines below 3-month high; lacks direction in long term

EURGBPDaily111218-1.png

EURGBP has advanced considerably over the preceding two days, hitting a new more-than three-month high of 0.9086. Today’s pullback shifted the technical indicators from upside direction to sideways movement. The RSI indicator is sloping down after reaching overbought zone, while the ROC oscillator is flattening in the positive area.

An upside run in the price may retest the previous peak of the one-year high of 0.9100. Above that, investors would be interested to see whether bullish dynamics can overcome the previous peak and meet the 0.9300 psychological hurdle.

Alternatively, a decline in the price may retest the 0.8995 support barrier, before heading even lower towards the 0.8930 level, where it topped on November 19. More downside pressure could send prices until the 20- and 40-simple moving averages (SMAs) in the daily chart, near 0.8890 and 0.8845 correspondingly.

To conclude, the short-term outlook is bullish, however, in the long-term picture the price lacks direction.

Source: https://www.xm.com/technical-analysis-e ... term-92036
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EURGBP Technical analysis: Testing 5-week rising trendline

#14
EUR/GBP Technical analysis: Testing 5-week rising trendline

  • EUR/GBP is currently trading just above the support of the trendline connecting the Nov. 13 and Dec. 7 lows.
  • Acceptance below that trendline would imply that the rally from the Nov. 13 low of 0.8656 has ended. A bearish reversal, however, would be confirmed, if and when, the pair violates the higher low pattern with a move below 0.8952.
  • On the higher side, a strong bounce from the ascending trendline could end up recharging engines for a re-test of the recent high of 0.9087.
  • The key MAs - 50, 100 and 200 - are trending north and are located one above the other. So, the pair is more likely to see a strong bounce from the ascending trendline support.

4-Hour Chart
EURGBP H4 (12-18-2018 1020)-636807054172530932.png

Trend: Bullish

Overview:
Today Last Price: 0.8991
Today Daily change: -4.0 pips
Today Daily change %: -0.0445%
Today Daily Open: 0.8995

Trends:
Previous Daily SMA20: 0.8925
Previous Daily SMA50: 0.8849
Previous Daily SMA100: 0.8893
Previous Daily SMA200: 0.8841

Levels:
Previous Daily High: 0.9009
Previous Daily Low: 0.8966
Previous Weekly High: 0.9089
Previous Weekly Low: 0.8952
Previous Monthly High: 0.8932
Previous Monthly Low: 0.8656
Previous Daily Fibonacci 38.2%: 0.8993
Previous Daily Fibonacci 61.8%: 0.8982
Previous Daily Pivot Point S1: 0.8971
Previous Daily Pivot Point S2: 0.8947
Previous Daily Pivot Point S3: 0.8928
Previous Daily Pivot Point R1: 0.9014
Previous Daily Pivot Point R2: 0.9033
Previous Daily Pivot Point R3: 0.9057

Source: https://www.fxstreet.com/news/eur-gbp-t ... 1812180451
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EURGBP Technical Analysis: Euro sticks to the 0.9000 figure

#15
EUR/GBP Technical Analysis: Euro sticks to the 0.9000 figure

EUR/GBP Daily Chart
EUR/GBP is trading in a sideways trend above the 200-period simple moving average (SMA).
The market has been predominantly choppy since December 2018.
daily-636821977764777769.png

EUR/GBP 4-hour chart
EUR/GBP is trading above the 200 SMA suggesting that the current momentum is bullish.
240-636821978050876984.png

EUR/GBP 30-minute chart
EUR/GBP is trading near the 0.9000 figure. Bulls will try to lift the market to 0.9033 and then 0.9060 if they gather enough steam.
On the flip side, support is seen at the 0.8970 level.
30-636821978451834265.png

Additional key levels

Overview:
Today Last Price: 0.9004
Today Daily change: -17 pips
Today Daily change %: -0.188%
Today Daily Open: 0.9021

Trends:
Previous Daily SMA20: 0.9002
Previous Daily SMA50: 0.8903
Previous Daily SMA100: 0.8902
Previous Daily SMA200: 0.8855

Levels:
Previous Daily High: 0.9119
Previous Daily Low: 0.8984
Previous Weekly High: 0.9065
Previous Weekly Low: 0.8902
Previous Monthly High: 0.9089
Previous Monthly Low: 0.8863
Previous Daily Fibonacci 38.2%: 0.9068
Previous Daily Fibonacci 61.8%: 0.9036
Previous Daily Pivot Point S1: 0.8964
Previous Daily Pivot Point S2: 0.8906
Previous Daily Pivot Point S3: 0.8828
Previous Daily Pivot Point R1: 0.9099
Previous Daily Pivot Point R2: 0.9177
Previous Daily Pivot Point R3: 0.9235

Source: https://www.fxstreet.com/news/eur-gbp-t ... 1901041125
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EURGBP Technical Analysis: Euro collapsing to new 2019 low against the Pound

#16
EUR/GBP Technical Analysis: Euro collapsing to new 2019 low against the Pound

EUR/GBP daily chart
EUR/GBP is trading in a sideways trend below the 50, 100 and 200-day simple moving averages (SMAs).
As discussed, failure to hold price above the 0.8760 support lead to a drop to the 0.8710 level.
daily-636838521787756053.png

EUR/GBP 4-hour chart
EUR/GBP is trading below the main SMAs as the currency cross is trading at new 2019 lows.
4h-636838522004806154.png

EUR/GBP 30-minute chart
As EUR/GBP is trading below its main SMAs the bears are in control of the market.
If the sellers can keep EUR/GBP below 0.8710 a drop to 0.6560 can be on the cards.
On the flip side, bulls will try to reclaim the resistances near 0.8760 and the 0.8820 level.
30-636838522881871619.png

Additional key levels

Overview:
Today Last Price: 0.8709
Today Daily change: -0.0056 pips
Today Daily change %: -0.64%
Today Daily Open: 0.8765

Trends:
Daily SMA20: 0.8937
Daily SMA50: 0.8933
Daily SMA100: 0.8889
Daily SMA200: 0.8867

Levels:
Previous Daily High: 0.8831
Previous Daily Low: 0.876
Previous Weekly High: 0.8988
Previous Weekly Low: 0.8764
Previous Monthly High: 0.9089
Previous Monthly Low: 0.8863
Daily Fibonacci 38.2%: 0.8787
Daily Fibonacci 61.8%: 0.8804
Daily Pivot Point S1: 0.874
Daily Pivot Point S2: 0.8714
Daily Pivot Point S3: 0.8669
Daily Pivot Point R1: 0.8811
Daily Pivot Point R2: 0.8856
Daily Pivot Point R3: 0.8882

Source: https://www.fxstreet.com/news/eur-gbp-t ... streetnews
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EURGBP Technical Analysis: Bearish sentiment is quite strong

#17
EUR/GBP Technical Analysis: Bearish sentiment is quite strong

EUR/GBP could revisit yesterday's low of 08762 and could break lower in Europe, as the absence of strong bounce despite the bullish divergence of the hourly chart relative strength index (RSI) indicates the bearish sentiment is quite strong.

The 5- and 10-day moving averages (MAs) are trending south in favor of the bear and the pair also closed below 0.8617 (Jan. 25 low) yesterday, reinforcing the bearish view put forward by the MAs and lower highs and lower lows carved out over the last eight weeks.

A close above the 10-day MA would abort the bearish view.

Hourly chart
EURGBP H1 (02-27-2019 1034)-636868406645402927.png

Source: https://www.fxstreet.com/news/eur-gbp-t ... 1902270505
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Re: EUR/GBP

#18
The pair is falling like a rock, I think we'll soon see it break out below the support at 0.8500.

EURGBP in 3-day highs near 0.8580 on GBP selling

#19
EUR/GBP in 3-day highs near 0.8580 on GBP selling

EURGBP-1-hour-chart.png

  • The Sterling loses ground and pushes the cross to fresh tops.
  • Brexit negotiations in centre stage ahead of key vote.
  • Government in talks with DUP for support ahead of vote.

The now softer tone in the British Pound is lifting EUR/GBP to fresh 3-day highs in the 0.8575/80 band.

EUR/GBP focused on Brexit vote (again :roll: )

The European cross is reverting Friday’s pullback and advances to the vicinity of the 0.8600 handle on the back of a renewed selling pressure hitting the Sterling.

In fact, GBP is deflating further today after Chancellor P.Hammond said earlier in the day that there won’t be any meaningful vote later in the week if the government cannot get support from the DUP and Tory MPs.

It is worth recalling that PM Theresa May called for a third meaningful vote on her plan to leave the European Union at some point this week (Wednesday?) following two defeats and after the House of Commons voted against a ‘no deal’ scenario and an extension of the Article 50 during last week.

In the UK calendar, it will be a busy week for the Sterling as the labour market report is due tomorrow, inflation figures on Wednesday, Retail Sales and the BoE meeting on Thursday and Public Sector financial figures on Friday.

What to look for around GBP

The Sterling is expected to remain under scrutiny this week in light of another meaningful vote on May’s UK-EU divorce plan. The House of Commons will likely vote on Wednesday although it appears to all be hinging on a potential agreement between the Government and the DUP.

EUR/GBP key levels

The cross is gaining 0.66% at 0.8569 and a breakout of 0.8580 (high Mar.18) would open the door to 0.8604 (21-day SMA) and finally 0.8675 (high Mar.11). On the flip side, the next support lines up at 0.8471 (2019 low Mar.13) seconded by 0.8402 (monthly low Feb.22 2017) and then 0.8382 (monthly low May 10 2017).

Source: https://forex-station.com (Chart) & https://www.fxstreet.com/news/eur-gbp-i ... 1903181046 (Article)
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EURGBP tumbles to daily lows near 0.8540 ahead of key votes

#20
EUR/GBP tumbles to daily lows near 0.8540 ahead of key votes

EURGBP-1-hour.png

  • The better tone in the Sterling drags the cross lower.
  • House of Commons will vote tonight on three amendments.
  • MPs will now take control of the Brexit process.

Increasing buying pressure around the British Pound is forcing EUR/GBP to slip back to the area of daily lows in the 0.8550/40 band.

EUR/GBP focused on upcoming votes

The European cross remains under pressure so far this week amidst rising volatility around the Sterling and upcoming crucial hours in the Brexit negotiations.

In fact, after last night’s vote, MPs will now take control over the Brexit process, undermining further PM May’s competence as a leading voice and at the same time casting doubts over the continuation of Mrs. May at Number 10.

House Speaker J.Bercow selected amendments put forward by J.Corbyn, O.Letwin and M.Beckett to vote tonight at the House of Commons (22GMT). It worth mentioning that a third meaningful vote has been postponed without a date after May’s plan lack of sufficient support.

EUR/GBP key levels

The cross is retreating 0.13% at 0.8557 and faces immediate contention at 0.8471 (2019 low Mar.13) seconded by 0.8402 (monthly low Feb.22 2017) and then 0.8382 (monthly low May 10 2017). On the upside, a breakout of 0.8698 (55-day SMA) would aim for 0.8722 (high Mar.22) and finally 0.8838 (200-day SMA).

Sources: https://forex-station.com (Chart) & https://www.fxstreet.com/news/eur-gbp-t ... 1903261058 (Article)
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