Watch EURGBP closely—key data could drive a big move! The EURGBP pair, also known as the “Chunnel” by traders, is a widely traded currency pair that reflects the economic relationship between the Eurozone and the United Kingdom. The euro is mainly influenced by economic data from the major Eurozone countries such as Germany, France, and […]
The post News of the Week (October 14—October 18): EURGBP Market Analysis appeared first on Action Forex.
Daily Pivots: (S1) 1.0923; (P) 1.0938; (R1) 1.0954; More…. EUR/USD is staying above 1.0899 temporary low and intraday bias stays neutral first. Further decline is expected as long as 1.0996 resistance holds. On the downside, Read more…
Daily Pivots: (S1) 1.3045; (P) 1.3064; (R1) 1.3089; More… Intraday bias in GBP/USD stays neutral and outlook is unchanged. Fall from 1.3433 short term top could extend lower. But strong support should be seen from Read more…
Daily Pivots: (S1) 0.8557; (P) 0.8573; (R1) 0.8590; More… USD/CHF’s rise from 0.8374 resumed after brief consolidations Intraday bias is back on the upside for 38.2% retracement of 0.9223 to 0.8374 at 0.8698. Sustained break Read more…