Thursday, October 15, 2026

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EUR/GBP reaches new 7 year lows

Long-term bear trend strengthens after new 7 year lows hit at 0.7340 The 200 HMA, last at 0.7406, stalls recovery attempts on Thursday Short stop lowered to reduce risk on a break of 0.7348. Now at 0.7450 Downside target…

By Meredith J C Warren
1 min read
EUR/GBP reaches new 7 year lows
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  • Long-term bear trend strengthens after new 7 year lows hit at 0.7340

  • The 200 HMA, last at 0.7406, stalls recovery attempts on Thursday

  • Short stop lowered to reduce risk on a break of 0.7348. Now at 0.7450

  • Downside targets are at 0.7321 2008 low

  • Then the long-term 61.8% of 0.5681 - 0.9805 at 0.7256

 

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By FxWirePro Team