FxWirePro: EUR/GBP consolidating near recent lows, 0.6984 in sight
Falling 21 DMA at 0.7055 keeps bear pressure on EUR/GBP, the pair eyes 0.7003 after extending south from 0.7051 (Monday high) Consolidation near recent lows persists, expect new long-term trend lows to be made, price cou…
Falling 21 DMA at 0.7055 keeps bear pressure on EUR/GBP, the pair eyes 0.7003 after extending south from 0.7051 (Monday high)
Consolidation near recent lows persists, expect new long-term trend lows to be made, price could targets 0.6665
ECB deposit rate cut & QE APP increase expected Thursday, likely priced into the markets
Market also await BOE to publish the results of its latest round of stress tests of UK banks alongside its Financial Stability Report, followed by BOE Governor Carney's speech
Immediate support is seen at 0.7003 (Daily Low Nov 25), while resistance is seen at 0.7051 (Double top Nov 27,30)
