Friday, October 16, 2026

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EUR/GBP shorts squeezed, bears eye UK earnings & jobs data due Wed

Big squeeze on EUR/GBP shorts since cross plumbed 88mth low of 0.7015 last week 0.7172 was Friday's high. 0.7093-0.7164 = Monday range-to-date Pair could see further short-covering if it breaks through 0.7182 (Mar 6 low)…

By Jay L. Zagorsky
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • Big squeeze on EUR/GBP shorts since cross plumbed 88mth low of 0.7015 last week

  • 0.7172 was Friday's high. 0.7093-0.7164 = Monday range-to-date

  • Pair could see further short-covering if it breaks through 0.7182 (Mar 6 low)  

  • Beyond 0.7182 resistance seen at 0.7220 (last week's high) 

  • Market focus on UK earnings & jobs data due Wednesday, alongside MPC minutes

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By FxWirePro Team