Euro notes in denominations of fives and tens are arranged for a photograph in London, U.K., on Wednesday, Jan. 18, 2012. The euro strengthened and commodities rallied as an official at a Group of 20 nation said the International Monetary Fund is proposing a $1 trillion expansion of its lending resources. U.S. index futures rose before Goldman Sachs Group Inc. reports earnings. Photographer: Simon Dawson/Bloomberg via Getty Images
• EURGBP reversed from support level 0.8675
• Likely to rise to resistance level 0.8800
EURGBP currency pair recently reversed up from the key support level 0.8675 (previous monthly high from June), intersecting with the 61.8% Fibonacci correction of the upward impulse from August.
The upward reversal from this support level 0.8675 stopped the earlier short-term impulse wave A.
Given the clear daily uptrend, EURGBP currency pair can be expected to rise further toward the next resistance level 0.8800.
This week, we’re tracking the US Dollar’s powerful climb following Trump's victory, hitting a crucial…
Next week, several countries including Canada, the UK, and Japan will release their estimates of…
Investors have been selling off gold, with this week's drop being the largest in three…
The Hang Seng Index has fallen 20% from its peak, marking the start of a…
The S&P500 reached the 6000 mark but faced resistance due to fatigue and dollar appreciation.…
The crypto market has continued to cool down for the third day, with a 1.7%…
This website uses cookies