The primary trend of EUR/GBP is bearish on charts and price is sustaining below trend line in its 4 hourly chart. In 4 hourly chart the price is sustaining below 200 day SMA and taking resistance of 50 day SMA indicating downtrend of the pair.
Resistance level 0.7110
Support level 0.7010
If it...
Today in forex trading the GBP was weak on all pairs, driving strong price movement on several pairs. The trading signals and chart movement for these pairs is shown below in the images. For a complete assessment of the GBP pairs go to the Forexearlywarning website. These live trading signals...
Despite recent claims that UK economy is doing better relative to other European economies, hence have to pay additional 1.7 billion Pounds into the European Union budget, the Pound can’t seem to be finding its strength to rise vs Dollar and other major currencies.
Will it get worse...
The pound continued to be lower against the U.S. dollar on Monday, although it was floating withing close distance of a four-year high amid expectations that the Bank of England may raise rates next year.
GBP/USD struck 1.6710 throughout U.S. morning trade, the session reduced; the pair...
This is the second release of Gross Domestic Product for the third quarter. The initial report was excellent – a growth rate of 0.8%, double the early expectations. It then gave a big boost to the pound. This figure will probably be showed now. But I will remain bearish for this coming Nov 24...
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EUR/USD
The...
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