FxWirePro
Short

EUR/GBP struggles to extend gains, strong resistance at 0.7640

FX:EURGBP   Euro / British Pound
122 0 5
EUR/GBP             has been trading a rising channel since Dec 2015, broke above channel top on Friday, 15th trade, but has been struggling to extend gains beyond.

The pair has dipped below 0.7640 (channel-top) which is strong resistance level , expect further consolidation before next move higher.

A relatively data-heavy week for the UK, with CPI             reading on Tuesday, average earnings and unemployment claims on Wednesday, and UK retail sales figures on Friday.

Last week, the Bank of England (BoE) opted to keep its main interest rate unchanged at 0.50%, as widely expected, but also went on to issue a rather dovish statement.

We would short rallies around 0.7640, SL: 0.77, TP: 0.7530
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
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