EUR/GBP Technical Analysis: Creating a bear flag on 4-hour chart

The EUR/GBP is likely charting a bear flag - a bearish continuation pattern - on the 4-hour chart. A break below the lower edge of the bear flag, currently seen at 0.8787, would signal a revival of the sell-off from the Sept. 21 high of 0.8996 and could yield a re-test of the recent low o ...

GBP remains volatile on Brexit – Danske Bank

Chief Analyst at Danske Bank Allan von Mehren noted the Sterling remains vulnerable on Brexit developments. Key Quotes “For GBP, risks remain skewed to the downside as Brexit negotiations ended last week without a deal”. “We expect EUR/GBP to remain volatile and sensitive t ...

EUR/GBP rebound seen as corrective only – Commerzbank

The ongoing rebound in the European cross is considered as corrective only, suggested Karen Jones, Head of FICC Technical Analysis at Commerzbank. Key Quotes “EUR/GBP continues to recover off the .8723 Fibonacci retracement which guards the 8700/.8697 June low. This rebound is viewed a ...

EUR/GBP: rallies on Brexit negotiations heading right to the wire

EUR/GBP is testing the commitments of the bears at the descending trendline formed mid-late September and is supported by the 4hr 21 SMA while there is plenty of room to go before overbought according to RSI 14 on the same time frame as MACD crosses over into the bullish territory. EUR/GBP i ...

EUR/GBP expected to grind lower and test 0.83 in 12-month – Danske Bank

Morten Helt, Senior Analyst at Danske Bank, believes the European cross is poised for a drop to the 0.83 area in the long term. Key Quotes “Brexit negotiations are now entering a critical phase and we expect EUR/GBP to remain very volatile and sensitive to Brexit news in coming months. W ...

EUR/GBP: To move to 0.86 or toward parity on a 6M view – Rabobank

Earlier today, employment data from the United Kingdom showed upbeat number. Analysts at Rabobank point out that the political uncertainty limits the case for a rate hike at the Bank of England. They warn EUR/GBP could hit parity in the case of a “no deal” Brexit. Key Quotes:  ...