Thursday, October 15, 2026

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EUR/GBP bias stays on the downside

10 & 30-dmas are aligned negatively, reinforcing the overall bearish bias Market hits new multi-year lows Cross's scope is on 0.7256 - 61.8% of the 0.5681-0.9805 2000 to 2008 up-leg Traders remain short at 0.7409 for 0.7…

By Meredith J C Warren
1 min read
EUR/GBP bias stays on the downside
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  • 10 & 30-dmas are aligned negatively, reinforcing the overall bearish bias

  • Market hits new multi-year lows

  • Cross's scope is on 0.7256 - 61.8% of the 0.5681-0.9805 2000 to 2008 up-leg

  • Traders remain short at 0.7409 for 0.7260 target in coming sessions

 

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