EURGBP Downtrend Resumes: Key Support Levels to Watch

by ForexCycle.com | February 7, 2024 1:52 am
After briefly flirtating with resistance, EURGBP has fallen back into its downtrend. Let’s analyze the technical picture to understand what this means for the pair’s next move. Downtrend Reinforced by Breakdown Potential Downside Targets Resistance and a...

EURGBP: Bucking the Trend with a Breakout?

by ForexCycle.com | February 6, 2024 5:07 am
The EURGBP pair has ascended past the resistance mark of its falling price channel as visualized on the 4-hour chart. Its successful breach above the key resistance at 0.8567 suggests an end to the downward trajectory from...

EURGBP Market Analysis: Downtrend Continuation and Potential Targets

by ForexCycle.com | February 1, 2024 12:04 pm
A detailed examination of the EURGBP pair reveals its current position within a downward trend, along with key target and resistance levels ahead. Downtrend Context: Falling Price Channel The EURGBP pair continues to operate within a falling...

EURGBP Market Analysis: Extended Downside Movement

by ForexCycle.com | January 30, 2024 7:10 am
EURGBP has been on a steady downtrend, exhibiting extended downside activity from the 0.8714 mark. Extended Downside Movement and Continued Trend The EURGBP has extended its downside movement from the previous 0.8714 mark to reach lows of...

EURGBP Tugs Lower: A Study of Downside Resilience and Resistances

by ForexCycle.com | January 26, 2024 2:46 am
EURGBP has sustained its retreat from the previous 0.8714 level to a recent low at 0.8520. The downward momentum is anticipated to continue as long as the price remains anchored below the descending trend line visible on...

EURGBP’s Downside Drive: A Deeper Dive

by ForexCycle.com | January 24, 2024 12:37 am
In recent trading sessions, EURGBP has furthered its downward movement, plunging from 0.8714 to a new low at 0.8546 which notably breaks below the 0.8548 support level. Judging by the current trend, we could expect to see...

EURGBP Extends Downward Swing: Key Levels to Watch

by ForexCycle.com | January 19, 2024 10:56 am
Our focus in today’s Forex update is EURGBP, which has stretched its downside trend from 0.8714 to as far as 0.8554. In the current scenery, immediate resistance lies at 0.8590. As long as this mark serves as...

EURGBP Caught in a Sideways Shuffle: Where to Next?

by ForexCycle.com | January 15, 2024 1:25 am
The EURGBP has charted a sideways move over the past few days, framed by a trading range from 0.8586 to 0.8620. Until the 0.8620 resistance cap is breached, this horizontal drift can be interpreted as a consolidation...