0.847
Today
-0.29%
5 Days
-1.50%
1 Month
-1.36%
6 Months
-2.74%
Year to Date
-2.78%
1 Year
-2.66%
Opening Price
0.850Previous Closing Price
0.850
The downside prevails as long as 0.8478 is resistance, with 0.8451 and 0.8446 as targets
above 0.8478, look for 0.8487 and 0.8493.
The downside prevails as long as 0.8478 is resistance, with 0.8451 and 0.8446 as targets
Rabobank's Senior FX Strategist Jane Foley discusses EUR/GBP in light of divergent fiscal and political risks in Europe and the United Kingdom (UK).
The EUR/GBP cross attracts sellers for the seventh straight day and drops back closer to the year-to-date low, around the 0.8460-0.8455 region, at the start of a new week.
The EUR/GBP cross attracts some sellers to around 0.8475 during the early European trading hours on Monday. The Euro (EUR) softens against the British Pound (GBP) as fiscal concerns in France in the wake of a steep bond market rout stoke contagion fears in the Eurozone.
The Euro (EUR) reverses previous daily gains against the British Pound (GBP) on Friday, diving to fresh two-and-a-half-month lows just above 0.8500, and is set to show a more than 1% weekly decline.
The Euro (EUR) edges lower against the British Pound (GBP) on Friday, set to complete its worst weekly performance in four months with a 1% sell-off, hammered by high Oil prices and mounting concerns about France’s fiscal health.
EUR/GBP trades on the defensive on Thursday, remaining on the back foot for the fifth consecutive day following last week’s rejection from the 0.8600 psychological mark. At the time of writing, the cross trades around 0.8537, its lowest level since mid-August.
The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.
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Please note that technical analysis is only part of investment reference, and there is no absolute standard for using numerical values to assess direction. The results are for reference only, and we are not responsible for the accuracy of the indicator calculations and summaries.
