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
Wall Street
Bearish
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
  • The South African rand has continued its depreciation against the U.S. dollar this week after the Evergrande default probability remains. Get your $USDZAR market update from @WVenketas here:https://t.co/24dVHrkMDG https://t.co/aNNU5qnha6
  • What is more concerning than just US equities down or global equities being down is that 'risk' across the board is under serious pressure. The more intense and persistent this trend, the greater the risk it turns self-sustaining https://t.co/KPblFpeaqf
  • It's rare event where the buy-and-hold, long volatility crowd do a victory lap and say their formal 'I knew it'. The $VXX short-term volatility ETF is up sharply on heavy volume. One of my 'early warning' signals https://t.co/5XqfJJTqR3
  • Coinbase will drop its plans to launch its crypto lending program that was under regulatory scrutiny
  • $SPX Daily- Levels Discussed in today's Webinar. . . https://t.co/veixIAiLGT
  • Canadian Dollar Price Forecast: USD/CAD Spikes, Pulls Back - Loonie Levels https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/daily_fundamentals/2021/09/20/Canadian-Dollar-Price-Forecast-USD-CAD-USDCAD-Spikes-Pulls-Back-Loonie-Levels.html $USDCAD https://t.co/x94xr5DiNe
  • Technical Setups: $USD Majors, #Gold, #Oil, $SPX & #Bitcoin ahead of #FOMC (Webinar Archive) - https://t.co/nYxIJk2k8h
  • Airline stocks retracing losses, some already in positive territory, despite the large sell-off in the market. News that the US will overhaul its COVID-19 travel rules and lift some restrictions are good news for the airline industry $JETS $UAL $AAL $ALK
  • The S&P 500 have taken a clear dive to start the week and fear of full risk aversion is gaining traction. DailyFX's @JohnKicklighter discusses what to expect in the markets this week! https://t.co/Mlyp5Tbdax
  • $USD still pulling back from resistance. 93.43 was the Q1 swing high, still playing a role in $DXY support potential around prior res, ~93.20 https://t.co/3TnlEu0yZX https://t.co/ub8o4D8NhW
EUR/GBP Technical Analysis: Digesting Near 4-Month Low

EUR/GBP Technical Analysis: Digesting Near 4-Month Low

Ilya Spivak, Head Strategist, APAC

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

Talking Points:

The Euro is consolidating in a narrow range against the British Pound after falling to the lowest level in nearly four months. The appearance of positive RSI divergence hints at ebbing selling pressure and suggests that a corrective recovery may be in the cards ahead.

A push above the 38.2% Fibonacci retracement at 0.7683 sees the next upside barrier at 0.7748, a former support level now recast as resistance.Alternatively, a break of the 50% level at 0.7549 confirmed on a daily closing basis clears the way for a test of the 61.8% Fib at 0.7415.

EUR/GBP was sold at 0.7876 and prices have subsequently hit the trade’s initial target, triggering partial profits to be taken while the stop-loss was adjusted to breakeven. As of now, any on-coming gains from here will be looked at in the context as an opportunity to add to short exposure.

Losing money trading EUR/GBP? This might be why.

EUR/GBP Technical Analysis: Digesting Near 4-Month Low

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

DISCLOSURES