Friday, October 16, 2026

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EUR/GBP extends to new lows at 0.7155

Bear trend extends, makes new 7+ year lows at 0.7155 in early London Market weighed by down-ticking 10 DMA and tenkan line, last at 0.7261 Overall scope to 0.6654 fibo retrace - 76.4% of 0.5681 - 0.9805 Offer lowered to …

By Meredith J C Warren
1 min read
EUR/GBP extends to new lows at 0.7155
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  • Bear trend extends, makes new 7+ year lows at 0.7155 in early London

  • Market weighed by down-ticking 10 DMA and tenkan line, last at 0.7261

  • Overall scope to 0.6654 fibo retrace - 76.4% of 0.5681 - 0.9805

  • Offer lowered to 0.7215, just ahead of Monday's 0.7220 high

 

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By FxWirePro Team