Friday, October 16, 2026

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EUR/GBP threatens 76.4% fibo at 0.7338 on EUR short-covering

EUR/GBP threatens 76.4% of 0.7360 (Friday high) to 0.7267 (Asia low) at 0.7338 after EUR short-covering 0.7387 (June 4 high) & 0.7400/07 resistance beyond 0.7369 Brexit concerns are independent source of support for EUR/…

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

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  • EUR/GBP threatens 76.4% of 0.7360 (Friday high) to 0.7267 (Asia low) at 0.7338 after EUR short-covering

  • 0.7387 (June 4 high) & 0.7400/07 resistance beyond 0.7369

  • Brexit concerns are independent source of support for EUR/GBP

  • EUR/USD, EUR/CHF, EUR/SEK & EUR/JPY all higher too

  • UK PM tells ministers: back my EU strategy or quit 

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