© 1982-2022 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial
EUROZONE T-BILL ISSUANCE

W/C 20 June, 2022

MNI EXCLUSIVE

UK consumer confidence

UK

Timeline of key events (Times BST)

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
Trending Top 5
Topics

Outlook Remains Bullish

EURGBP TECHS
Foreign Exchange Technical Analysismarkets-real-timeBulletMarketsForeign Exchange
  • RES 4: 0.8852 50.0% retracement of the Mar ‘20 - Mar ‘22 bear leg
  • RES 3: 0.8762 1.00 proj of the Apr 14 - May 12 - 17 price swing
  • RES 2: 0.8721 High May 26 2021 and Jun 15 / bull trigger
  • RES 1: 0.8641 High Jun 23
  • PRICE: 0.8585 @ 06:36 BST Jun 24
  • SUP 1: 0.8559 20-day EMA
  • SUP 2: 0.8507 50-day EMA
  • SUP 3: 0.8433 Low May 23
  • SUP 4: 0.8393 Low May 17 and a key support

EURGBP Short-term pullbacks are still considered corrective and the trend outlook is bullish. Moving average studies remain in a bull mode and this clearly highlights a positive trend condition. The recent breach of resistance at 0.8619, May 12 high, confirmed a resumption of the uptrend and the focus is on a retest of 0.8721, Jun 15 high and the bull trigger. A break would resume the trend. Firm support is seen at 0.8507, the 50-day EMA.

156 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: 0.8852 50.0% retracement of the Mar ‘20 - Mar ‘22 bear leg
  • RES 3: 0.8762 1.00 proj of the Apr 14 - May 12 - 17 price swing
  • RES 2: 0.8721 High May 26 2021 and Jun 15 / bull trigger
  • RES 1: 0.8641 High Jun 23
  • PRICE: 0.8585 @ 06:36 BST Jun 24
  • SUP 1: 0.8559 20-day EMA
  • SUP 2: 0.8507 50-day EMA
  • SUP 3: 0.8433 Low May 23
  • SUP 4: 0.8393 Low May 17 and a key support

EURGBP Short-term pullbacks are still considered corrective and the trend outlook is bullish. Moving average studies remain in a bull mode and this clearly highlights a positive trend condition. The recent breach of resistance at 0.8619, May 12 high, confirmed a resumption of the uptrend and the focus is on a retest of 0.8721, Jun 15 high and the bull trigger. A break would resume the trend. Firm support is seen at 0.8507, the 50-day EMA.