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.

0

Notifications

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

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
EURGBP - Poorly Postured, Looking Lower

EURGBP - Poorly Postured, Looking Lower

Paul Robinson, Strategist

Talking Points:

  • EURGBP poorly postured on the charts
  • Rejected this morning at the under-side of the channel off the 1/25 low
  • A new swing low under 7404 looks probable in the days to follow

After getting a relief rally off the 1/25 low, Euro/Sterling has turned decisively lower with continued weakness looking likely. A broken rising channel line retest offers traders an opportunity to join the trend.

EURGBP 4/hr: Dec ’14 - Present

EURGBP - Poorly Postured, Looking Lower

--- Written by Paul Robinson, DailyFX Research

To contact Paul, you can email him at instructor@dailyfx.com

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

DISCLOSURES