News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more


David Song, Strategist

As the EURGBP struggles to put in a close above the 0.8100 figure, the pair appears to be carving a lower top ahead of December, and we may see a broader head-and-shoulders reversal pattern take shape as the Bank of England (BoE) drops its dovish tone for monetary policy. As the relative strength index on the EURGBP threatens the upward trend from earlier this month, the lack of momentum to test the October high (0.8163) should pave the way for a short-term selloff in the exchange rate, and we will wait for a bearish breakout in the oscillator to setup a short trade.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.