Free Trial
EFSF ISSUANCE

RfP Sent To Banks

COMMODITIES

Energy Rebounds, Metals Don't

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
EURGBP TECHS
  • RES 4: 0.8840 High Feb 4
  • RES 3: 0.8791/8857 High Feb 12 / 2.0% 10-dma envelope
  • RES 2: 0.8731 High Feb 26
  • RES 1: 0.8701/21 High MAy 7 / High Apr 26 and the bull Trigger
  • PRICE: 0.8613 @ 14:51 BST May 10
  • SUP 1: 0.8596 Intraday low
  • SUP 2: 0.8589 Low Apr 19 and a key support
  • SUP 3: 0.8472 Low Apr 5 and the bear trigger
  • SUP 4: 0.8430 Low Feb 27, 2020

EURGBP has started this week on a bearish note and is trading sharply lower. Attention turns to support at 0.8589, Apr 19 low where a break would see the cross move out of its recent range and confirm a bearish breakout. This would suggest scope for a deeper pullback, potentially towards the key support at 0.8472, Apr 5 low. The key resistance and bull trigger is unchanged at 0.8721.

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.