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.

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
EUR/USD
Mixed
Oil - US Crude
Mixed
Wall Street
Bearish
Gold
Mixed
GBP/USD
Bearish
USD/JPY
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • $Gold back at the lows, breaching below the 38.2 of the 18-20 major move. This thing hasn't been able to hold a bid at all of late, looks like a lot of those flows going over to $btc or other related cryptos next support from that structure around 1618 https://t.co/b0pin7SPS3 https://t.co/TL5elY25Qk
  • Bitcoin (BTC/USD) back above $51,000 and pushing higher.. Ethereum (ETH/USD) bounces off support, back above $1,600.Get your market update from @nickcawley1 here:https://t.co/mHKN4lR0ly https://t.co/gndpyc9E3G
  • Indices Update: As of 14:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 0.18% Germany 30: 0.04% France 40: 0.01% Wall Street: -0.08% US 500: -0.20% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/bHCy3vGQVM
  • LIVE NOW: Join Technical Strategist @MBForex for his Mid-Week Market Check-Up Webinar to review the setups we're tracking into the close of the week! https://t.co/NG58ycm07j
  • Mid-Week Strategy Webinar with IG starting in 15mins! https://t.co/8SFBJxNZrA
  • morning star in $ES from Thurs-Monday. So far little follow through as yday was pullback, but can keep focus on the bid. NFP on Friday, FOMC in 2 weeks. Some space in between for animal spirits to run $SPX $SPY https://t.co/aJwzVuLZsd
  • ECB's Weidmann says size of yield moves not particularly worrisome, adds that the ECB are looking at conditions beyond government bond yields $EUR
  • $USDCAD Daily put in a support hold around the 2622 level, keeps door open for topside esp for $USD strength directives, falling wedge still in place https://t.co/HqtrIaxplZ
  • $GBPUSD Cable res showed up around the 1.4000 handle looked at yday, but buyers have so far stepped up to support ~3950, keeping door open for another run at a break back-above the psych level https://t.co/hiUkEbzlUA https://t.co/GmcUHYcnWM
  • $EURGBP hovering around session lows - Reminder, sizeable option expiry at 0.86 (1.9bln) rolling off today
EUR/GBP Technical Analysis: Euro Claims Hold on 0.80 Mark

EUR/GBP Technical Analysis: Euro Claims Hold on 0.80 Mark

Ilya Spivak, Head Strategist, APAC

To receive Ilya's analysis directly via email, please SIGN UP HERE

Talking Points:

  • EUR/GBP Technical Strategy: Flat
  • Support: 0.7980, 0.7949, 0.7929
  • Resistance: 0.8012, 0.8033, 0.8047

The Euro continues to push aggressively higher against the British Pound, soaring to the highest level in a month. A daily close above the 123.6% Fibonacci expansion at 0.8012 exposes the 0.8031-33 area marked by the 138.2% level and the June 25 high. Alternatively, a turn back below the 100% Fib at 0.7980 opens the door for a challenge of the 76.4% expansion at 0.7949.

Risk/reward considerations argue against entering long with prices in close proximity to resistance. On the other hand, the absence of a defined bearish reversal signal suggests taking up the short side is premature. We will remain flat for now, waiting for a more actionable opportunity to present itself.

Add these technical levels directly to your charts with our Support/Resistance Wizard app!

EUR/GBP Technical Analysis: Euro Claims Hold on 0.80 Mark

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for DailyFX.com

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

DISCLOSURES