Friday, October 16, 2026

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EUR/GBP eyes 23.6% fibo, 0.7182 resistance

Profit-taking on shorts helps cross rise from 0.7015 (recent 88month low) Offers seen at 0.7150, approximately 23.6% fibo of 0.7592-0.7015 0.7150 risked Thursday after Carney discussed GBP 0.7182 (Mar 6 low) & 0.7220 (Mo…

By Meredith J C Warren
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • Profit-taking on shorts helps cross rise from 0.7015 (recent 88month low)

  • Offers seen at 0.7150, approximately 23.6% fibo of 0.7592-0.7015

  • 0.7150 risked Thursday after Carney discussed GBP

  • 0.7182 (Mar 6 low) & 0.7220 (Monday high) resistance beyond 0.7150

  • UK construction output -2.6% in Jan vs +1.2% forecast 

 

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By FxWirePro Team