Friday, October 16, 2026

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EUR/GBP encounters limited recoveries

The downtrend picks up Cross breaks Dec 2007 0.7089 low to test 0.70815 last Attempt at a correction intraday and the offer has been lowered to 0.7170 Tuesday's high was 0.7179 No sign of bounce Trend to run further Targ…

By Meredith J C Warren
1 min read
EUR/GBP encounters limited recoveries
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  • The downtrend picks up

  • Cross breaks Dec 2007 0.7089 low to test 0.70815 last

  • Attempt at a correction intraday and the offer has been lowered to 0.7170

  • Tuesday's high was 0.7179

  • No sign of bounce

  • Trend to run further

  • Target the long-term fibo at 0.6654 - 76.4% of 0.5681 - 0.9805

 

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Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560

By FxWirePro Team