The EUR/GBP pair has been consolidating in a narrow trading range for the past week, unable to break out of its recent price channel. While there have been brief periods of upward movement, overall momentum remains sluggish. The pair is currently trading below its 20-day Simple Moving Average (SMA), suggesting …
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The EUR/GBP pair extended its downward trajectory on Monday, dipping 0.27% to approach its lowest level since March 2022, around 0.8270. This decline marks a continuation of a five-day losing streak, indicating a strong bearish trend.OutlookGiven the prevailing bearish trend, the EUR/GBP pair is expected to remain under downward pressure. …
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The EUR/GBP pair trades around 0.8380, consolidating sideways and displaying no clear trend. In addition, the cross lost the 20-day Simple Moving Average (SMA) which might a downwards leg. The technical indicators present that the bulls are backing off. The Relative Strength Index (RSI) is at 46 in negative territory …
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The EUR/GBP has finished pulling back and resumed its downtrend. It has broken below the 0.8317 September 24 low, confirming a lower low and extension towards the next target at 0.8287, the August 2022 low. It remains in a downtrend on a short and medium-term basis, and given the principle …
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The EUR/GBP pair continued its downward spiral, extending its losing streak and reaching a new yearly low. This ongoing bearish trend is supported by both technical indicators and fundamental factors.Fundamental FactorsEconomic Data: While specific economic data points for the eurozone and the UK have not been mentioned, it is likely …
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The EUR/GBP currency pair has been trading within a narrow range in recent sessions, with limited upward or downward momentum. However, there are emerging signs that bullish sentiment is gaining traction.Technically, the pair is currently trading slightly above the 20-day Simple Moving Average (SMA), which is converging at 0.8450. A …
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The EUR/GBP pair has been under sustained selling pressure, with recent price action reinforcing the bearish outlook. The pair’s failure to breach the 20-day Simple Moving Average (SMA) has served as a catalyst for further declines, indicating that sellers have maintained control of the market.The EUR/GBP pair is facing a …
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The EUR/GBP exchange rate has been caught in a state of flux, with bearish sentiment tempered by recent signs of stabilization. While the overall technical outlook remains tilted to the downside, there is evidence that the selling pressure may be easing.The Relative Strength Index (RSI) has crept above the oversold …
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The EUR/GBP exchange rate has been caught in a state of flux, with bearish sentiment tempered by recent signs of stabilization. While the overall technical outlook remains tilted to the downside, there is evidence that the selling pressure may be easing.The Relative Strength Index (RSI) has crept above the oversold …
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The EUR/GBP exchange rate has seen a rebound from its recent lows, with technical indicators suggesting a potential improvement. However, mixed signals from the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) indicate that the overall outlook remains neutral. The pair is likely to continue trading sideways in …
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