Today
+0.06%
5 Days
-0.39%
1 Month
-2.75%
6 Months
-3.34%
Year to Date
-4.02%
1 Year
-4.20%
Opening Price
0.836Previous Closing Price
0.836
The downside prevails as long as 0.8373 is resistance, with 0.8351 and 0.8346 as targets
above 0.8373, look for 0.8382 and 0.8388.
The downside prevails as long as 0.8373 is resistance, with 0.8351 and 0.8346 as targets
EUR/GBP edges lower on Tuesday amid a mixed market mood, with the British Pound (GBP) outperforming the Euro (EUR) as France’s fiscal concerns weigh on the single currency. However, both currencies remain weak against their other major peers as traders brace for key events this week.
HSBC’s FX Viewpoint notes recent Pound resilience, with GBP outperforming most G10 currencies over the past month.
The Euro (EUR) has retraced previous gains against the British Pound (GBP) on Tuesday, weighed down by high Oil prices and the ongoing concerns about France’s fiscal health.
Commerzbank’s Michael Pfister highlights that the British Pound’s (GBP) key event is the new United Kingdom (UK) budget under Prime Minister Andy Burnham, with markets relieved by the calmer approach to fiscal messaging.
The Euro (EUR) extends gains against the British Pound on Monday, following the release of a better-than-expected German IFO Business Climate report.
The Euro (EUR) bounces up against the British Pound (GBP) on Monday, favoured by a somewhat brighter market sentiment, as Oil prices retreat from six-month highs and France’s debt rating spared a downgrade over the weekend.
The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.
This feature includes nine of the commonly used technical indicators: MACD, RSI, KDJ, StochRSI, ATR, CCI, WR, TRIX and MA. You may also adjust the timeframe depending on your needs.
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.
