FxWirePro
Short

EUR/GBP strong support by 20-DMA at 0.8545, short break below

FX:EURGBP   Euro / British Pound
184 0 10
EUR/GBP             trades in a narrow range ahead of German GDP data, holds above 20-DMA support at 0.8545.

The single currency remains under pressure following poor Eurozone consumer confidence data.

Eurozone consumer confidence for Aug decreased by -0.6 points to -8.5, indicating that Europeans have lost quite some confidence this summer.

Euro             bears currently take a breather, EUR/GBP             0.11 pct higher on the day after 2 consecutive sessions of losses.

Nothing of relevance from the UK docket today. Market focus now on the German final GDP report due ahead in the European session.

Expectations are for German GDP to have remained unchanged q/q and y/y at 0.4 percent and 3.1 percent respectively.

Miss on expectations could weigh on the pair, break below 20-DMA at 0.8545 could see a drag upto 0.8435 (rising trendline ).

Good to short break below 0.8545, target 0.8490/ 0.8435. Bearish invalidation above 10-DMA at 0.8623
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out