Trial now
RBA

ACGB Purchase Offer Details

ASIA

Plenty Of Holidays In Play This Week

BONDS

Regional Holidays Sap Liquidity In Asia

FOREX

Tight Ranges In Holiday Session

US TSYS

J.P.Morgan: Sell WNZ1 On CTD Basis

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

  • RES 4: 0.8701/21 High May 7 / High Apr 26 and the bull trigger
  • RES 3: 0.8672 High May 25
  • RES 2: 0.8610/70 High Jul 22 / High Jul 20 and a key resistance
  • RES 1: 0.8580 50-day EMA
  • PRICE: 0.8550 @ 16:35 BST Aug 02
  • SUP 1: 0.8500 Low Jul 28
  • SUP 2: 0.8479 1% 10-dma envelope
  • SUP 3: 0.8472 Low Apr 5
  • SUP 4: 0.8430 Low Feb 27, 2020

EURGBP is consolidating just above last week's lows. The recent sharp move lower has resulted in a probe of support at 0.8504, the Jul 14 low and a near-term bear trigger. A clear break of this level would strengthen a bearish case and open 0.8472, the Apr 5 low. Moving average studies are in a bear mode highlighting a bearish theme. On the upside, key resistance is unchanged at 0.8670, the Jul 20 high.