Thursday, October 15, 2026

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EUR/GBP slide continues, major levels below

The 10 and 30-dmas are aligned negatively, reinforcing the bearish bias Market hits new multi-year lows Focus is on the 0.7256 level - 61.8% of the 0.5681-0.9805 2000 to 2008 up-leg Traders stay short at 0.7409 for 0.726…

By Meredith J C Warren
1 min read
EUR/GBP slide continues, major levels below
Image from the original EconoTimes article

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  • The 10 and 30-dmas are aligned negatively, reinforcing the bearish bias

  • Market hits new multi-year lows

  • Focus is on the 0.7256 level - 61.8% of the 0.5681-0.9805 2000 to 2008 up-leg

  • Traders stay short at 0.7409 for 0.7260 target in coming sessions

 

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By FxWirePro Team