EURGBP

Forex Trading: EURGBP testing the support

Greg Michalowski — Thu, 04 Sep 2008 12:39:26 -0400

The EURGBP is approaching the 0.8097 old high support. A move below should trigger stops.

Forex Trading: EURGBP falls on Juncker comments

Greg Michalowski — Thu, 04 Sep 2008 10:57:15 -0400

The EURGBP has come under pressure on Juncker comments that the EURO was overvalued versus the USD and other currencies.

The EURGBP traded to new highs this week, breaking through the highs at 0.8097 reached in April. A break back below this level today should solicit selling as the break fails. The low so far has been 0.8102 as buyers hold the line. Stops will be triggered below the level however.

Forex Trading: EURGBP testing Support

Greg Michalowski — Wed, 06 Aug 2008 11:12:10 -0400

The EURGBP is testing support. The 100 hour moving average comes in at 0.7900 and the 200 hour moving average is at the 0.7892 level. The low yesterday was also at 0.7901 level which provides another support level.

Forex Trading: EURGBP testing key resistance

Greg Michalowski — Mon, 04 Aug 2008 09:11:31 -0400

The EURGBP has been moving up strongly today but is approaching key resistance on the daily chart against the 100 day Moving average and old trendline support. If resistance holds, it could lead to some shortcovering in the GBPUSD as a result. The GBPUSD has moved back above the 61.8% level at the 1.9667 level after breaking lower (SEE EARLIER POST).

Forex Trading: EURGBP Breaks Resistance

Alex Chernomordin — Fri, 11 Jul 2008 07:04:53 -0400

In line with other Euro crosses during the European trading session and into the NY open, the Euro has a bid against the Sterling as it trades at resistance after a break through to the upside. With gold, oil and copper bid and stock markets generally down around the world, it will be interesting to see if the Euro can sustain these levels through the NY trading day.

Forex Trading: EURUSD also getting a boost from EURGBP

Greg Michalowski — Thu, 10 Jul 2008 21:38:10 -0400

The EURO has also gotten a boost from the EURGBP as it moves higher. However, it too is running into upper trendline resistance at the 0.7994 level from the triangle formation. This will make the move higher in the EURUSD more difficult (if two EURo pairs are approaching resistance it takes a strong move to get it through). A break, however, should lead to a strong move for the EURUSD.

Forex Trading: EURGBP gives the EURUSD a bid

Greg Michalowski — Wed, 02 Jul 2008 09:29:23 -0400

Today the UK Construction was horrible while tomorrow the world prepares for the hike in ECB rates. Couple that with some US dollar weakness numbers this morning and you get a pretty good move up in the EURGBP. The catalysts? Demand for EUROs, selling pressure in dollars and a confused predicament in the UK and US as the market tries to figure out if they should sell USD or GBP.

Forex Trading:EURGBP helping the EURUSD move lower

Greg Michalowski — Thu, 29 May 2008 12:46:28 -0400

Much of the pressure in the EURUSD is from selling in the EURGBP. This pair has moved through the 61.8% retracement at the 0.7868 level and really does not have any real technical support until the 0.7821 level.

Although the pair has helped the EURUSD lower today, the EURUSD may help the EURGBP bottom if the 1.5489 level finds support in the EURUSD.

Forex Trading: GBP supported, EUR pressured

Greg Michalowski — Thu, 22 May 2008 08:59:28 -0400

The EURGBP has come under pressure this morning as the data out of the regions today were supportive to the GBP (-0.2% versus expectation of -0.5%) and not to the EUR (Industrial New Orders down -1.0 MoM and -2.5% YoY).

The EURGBP which has been rising, ran into profit taking which pushed the pair sharply lower through trendline support at the 0.7964 then the 100 bar moving average on the 4 hour cahrt at 0.7943. The next real support comes in at 0.7910.

Forex Trading - EUR/GBP looking like the EUR/USD chart

Forex Bob — Fri, 18 Apr 2008 02:06:02 -0400

Again spot makes a new high yet the rsi indicator does not
Again this divergence is sign of a building top