EUR/GBP

Forexpros – The Euro was lower against the British Pound on Friday after the release of euro zone data on French GDP. EUR/GBP was trading at 0.8756, down 0.15% at time of writing. The pair was likely to find support at 0.8663, Monday’s low, and resistance at 0.8886, Wednesday’s high. Earlier in...

Technical Analysis On EUR/GBP Entering into the Eve of Christmas and the EUR/GBP is behaving as expected. After yesterday’s rally, the pair finally broke out beyond 0.8958, the 50% Fibonacci level on the daily chart, to make a high at 0.8996. Even though it did not actually print 0.9000, the pair...

EUR/GBP Poised to Rally Further The EUR/GPB has been in a downward channel since making the near double top high at 0.9150 on December 3 and December 4. After 3 bearish waves, the pair made a low at 0.8848 near ST support at 0.8831 last week. Since this low, however, the EUR/GBP has made...

GBP strength did surprise me and I underestimated it. Thanks to increased risk appetite (for some RIdiculous reason in light of more debt defaults), GBP rallied even past 0.9054 to a low of 0.9024 - a completion of the quarter to 0.9000. And again, the pair still finds support on another attempt...

A GBP Play on the Bubble Burst | StockTwits FX: My article on StockTwits FX talks about the effect of Dubai World's announcement seeking debt payment extensions on the EUR/GBP currency pair.

0.8950 is SERIOUS resistance. Look how many attempts were made at on the way down as it served as the upper boundary of an area of support then. Now yesterday’s rally failed to break the 0.8950 price level and exhausted at a high of 0.8947. Technically, no real cause for concern as the pair is...