EUR/GBP
EUR/GBP Price Forecast: Euro struggles below 0.8570 with all eyes on the BoE
EUR/GBP Price Forecast: Euro struggles below 0.8570 with all eyes on the BoE
EURGBP Wave Analysis
EURGBP currency pair recently reversed from the resistance zone located between the resistance level 0.8585 (which has been reversing the price from the end of July), upper daily Bollinger Band and the 61.8% Fibonacci correction of the downward impulse from June.
Central banks in focus: Key levels for NZD/USD, EUR/GBP and USD/JPY
Central banks in focus: Key levels for NZD/USD, EUR/GBP and USD/JPY
EUR/GBP Price Forecast: Neutral bias holds as 0.8600 caps the upside
EUR/GBP Price Forecast: Neutral bias holds as 0.8600 caps the upside
EURGBP – Bulls Regain Traction and Return Above Daily Cloud
EURGBP jumps 0.3% on Wednesday as Euro gets inflated by weaker dollar and expectations that the ECB will join the trend of policy tightening by the major central banks, while the Bank of England is likely to keep more cautious approach and probably keep rates on hold that keeps sterling in defense.
EUR/GBP Price Forecast: Upside remains capped near 0.8600 as ECB decision looms
EUR/GBP Price Forecast: Upside remains capped near 0.8600 as ECB decision looms
EUR/GBP Price Forecast: Testing support at previous highs at the 0.8585 area
EUR/GBP Price Forecast: Testing support at previous highs at the 0.8585 area
EUR/GBP at 0.8610: ECB Projections, Not the Hike, Hold the Key
TL;DR: Thursday's ECB hike to 2.50% is almost fully priced, but economists overwhelmingly expect it to be the last move while markets price roughly two more hikes within a year — and EUR/GBP is testing a major resistance cluster at 0.8610–0.8617 at exactly the moment that disagreement needs resolving.
0.8600 under pressure: EUR/GBP at two-month highs following Services PMIs
0.8600 under pressure: EUR/GBP at two-month highs following Services PMIs
EUR/GBP Price Forecast: Euro pulls back from the top of a triangle pattern
EUR/GBP Price Forecast: Euro pulls back from the top of a triangle pattern
EUR/GBP Price Forecast: Hesitates near 0.8550 with the risk-off mood capping rallies
EUR/GBP Price Forecast: Hesitates near 0.8550 with the risk-off mood capping rallies
EUR/GBP Price Forecast: Trading sideways around 0.8500 amid fading bullish traction
EUR/GBP Price Forecast: Trading sideways around 0.8500 amid fading bullish traction
