The Euro/Pound represents a cross between two biggest economies in Europe - the Euro-zone and the United Kingdom. Given the economic proximity and interdependence between the two, the pair is significantly less volatile than many other Euro or Pound based crosses. The pair is particularly sensitive to changes in monetary policy between the Bank of England and European Central Bank.

Support & Resistance

Euro Weakness Unleashed as Draghi Dismisses Immediate Taper Concerns
S10.8885 S R30.9225 S
S20.8780 M R20.9142 S
S30.8674 M R10.9015 M


Euro Weakness Unleashed as Draghi Dismisses Immediate Taper Concerns

As anticipated, the European Central Bank dispatched speculation that it was readying to taper its QE program, and instead has markets focused on its next major policy meeting in December.
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Analyst Picks

Ilya Spivak   

Currency Strategist

My Picks: Holding Short EUR/GBP from 0.8631
Expertise: Global Macro
Average Time Frame of Trades: 1-6 months


Pivot Points


Forex Economic Calendar

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