Free Trial
EQUITIES

US Cash open calls

STIR

Effective Fed Funds Rate

EUR

EURGBP makes another attempt at resistance

USD

GBPUSD eye 1.1400

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

50-Day EMA Remains Exposed

EURGBP TECHS
  • RES 4: 0.9388 High Mar 23 2020
  • RES 3: 0.9292 High Sep 11 2020
  • RES 2: 0.9066/9266 High Sep 28 / High Sep 26 and key resistance
  • RES 1: 0.8850 High Sep 30
  • PRICE: 0.8750 @ 15:24 BST Oct 5
  • SUP 1: 0.8652/49 50-day EMA / Low Oct 4
  • SUP 2: 0.8626 Low Sep 1
  • SUP 3: 0.8559 76.4% retracement of the Aug 2 - Sep 26 rally
  • SUP 4: 0.8522 Low Aug 30

EURGBP bounced ahead of a test of the 50-day EMA Tuesday, although the outlook remains negative for now. Monday’s bearish extension put prices below the 20-day EMA and reinforces short-term bearish conditions. Attention remains on the 50-day EMA, at 0.8652 today and represents a key near-term support. A clear break would signal scope for a deeper retracement. On the upside, initial firm resistance is seen at 0.8850, the Sep 30 high.

143 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • RES 4: 0.9388 High Mar 23 2020
  • RES 3: 0.9292 High Sep 11 2020
  • RES 2: 0.9066/9266 High Sep 28 / High Sep 26 and key resistance
  • RES 1: 0.8850 High Sep 30
  • PRICE: 0.8750 @ 15:24 BST Oct 5
  • SUP 1: 0.8652/49 50-day EMA / Low Oct 4
  • SUP 2: 0.8626 Low Sep 1
  • SUP 3: 0.8559 76.4% retracement of the Aug 2 - Sep 26 rally
  • SUP 4: 0.8522 Low Aug 30

EURGBP bounced ahead of a test of the 50-day EMA Tuesday, although the outlook remains negative for now. Monday’s bearish extension put prices below the 20-day EMA and reinforces short-term bearish conditions. Attention remains on the 50-day EMA, at 0.8652 today and represents a key near-term support. A clear break would signal scope for a deeper retracement. On the upside, initial firm resistance is seen at 0.8850, the Sep 30 high.