© 1982-2022 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial
UK DATA

Key data releases this week

CROSS ASSET

Equities dip lower

US TSY FUTURES

BLOCK, 5Y Buy

EURIBOR OPTIONS

Put Condor

CORN TECHS

(N2) Primary Trend Still Up

FED

Williams Toes The Line

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

Pullback Considered Corrective

EURGBP TECHS
Foreign Exchange Technical Analysismarkets-real-timeBulletMarketsForeign Exchange
  • RES 4: 0.8670 High Jul 20 2021
  • RES 3: 0.8658/61/58 High Sep 29 2021 / 2.0% 10-dma envelope
  • RES 2: 0.8643 High Sep 30 2021
  • RES 1: 0.8619 High May 12
  • PRICE: 0.8509 @ 16:36 BST May 13
  • SUP 1: 0.8493 Low May 12
  • SUP 2: 0.8468 High Apr 27 and a recent breakout level
  • SUP 3: 0.8410/8367 50-day EMA / Low May 2
  • SUP 4: 0.8313 Low Apr 22

EURGBP reversed initial gains Thursday and failed to remain above the 0.8600 handle, working against the overarching uptrend. A pullback is considered corrective and the trend condition remains bullish. A resumption of strength would open 0.8624, the Oct 1 2021 high and 0.8661, the top of a moving average envelope. Initial firm support is seen at 0.8468, the Apr 27 high and breakout level.

130 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: 0.8670 High Jul 20 2021
  • RES 3: 0.8658/61/58 High Sep 29 2021 / 2.0% 10-dma envelope
  • RES 2: 0.8643 High Sep 30 2021
  • RES 1: 0.8619 High May 12
  • PRICE: 0.8509 @ 16:36 BST May 13
  • SUP 1: 0.8493 Low May 12
  • SUP 2: 0.8468 High Apr 27 and a recent breakout level
  • SUP 3: 0.8410/8367 50-day EMA / Low May 2
  • SUP 4: 0.8313 Low Apr 22

EURGBP reversed initial gains Thursday and failed to remain above the 0.8600 handle, working against the overarching uptrend. A pullback is considered corrective and the trend condition remains bullish. A resumption of strength would open 0.8624, the Oct 1 2021 high and 0.8661, the top of a moving average envelope. Initial firm support is seen at 0.8468, the Apr 27 high and breakout level.