Thursday, October 15, 2026

Technicals

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EUR/GBP hits half yearly high at 0.75574

Intraday bias remains neutral for consolidation below 0.7554 temporary top. Retreat to be contained above 0.7311 supports and bring another rally. Break of 0.7492 levels indicates medium term trend reversal. Further rise…

By Earlence Fernandes
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • Intraday bias remains neutral for consolidation below 0.7554 temporary top.

  • Retreat to be contained above 0.7311 supports and bring another rally.

  • Break of 0.7492 levels indicates medium term trend reversal.

  • Further rise should be seen to 38.2% retracement of 0.8806 to 0.6935 at 0.7650.

  • From the fundamental point of view, today UK will release monetary policy which will be the key event for the further direction to the parity.

  • Initial support levels are seen at 0.7521, 0.7492 and 0.7437 levels.

  • To the top side resistance levels are seen at 0.7576, 0.7605 and 0.7660 levels.

 

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