Thursday, October 15, 2026

Technicals

Add as a preferred source on Google

FxWirePro: EUR/GBP continues to make fresh multi-year highs, hovers around 0.8815, break above targets 0.8885

Selling pressure around the pound continues following UK Prime Minister Theresa May's comments over the weekend. Upbeat data manufacturing & construction PMI released earlier in the week unable to lift sentiment. EUR/GBP…

By FxWirePro Team
1 min read
FxWirePro: EUR/GBP continues to make fresh multi-year highs, hovers around 0.8815, break above targets 0.8885
Image from the original EconoTimes article

Read the original article

  • Selling pressure around the pound continues following UK Prime Minister Theresa May's comments over the weekend.
     
  • Upbeat data manufacturing & construction PMI released earlier in the week unable to lift sentiment. 
     
  • EUR/GBP continues grind higher, hits fresh multi-year highs at 0.8814, bias remains higher.
     
  • Break above crucial 0.8815 resistance could see test of 0.8885 levels. 
     
  • Technicals are bullish and support further upside, though indicators remain in heavily overbought territory.
     
  • We see resumption of weakness only below 20-DMA at 0.8595.
     
  • Our previous call (http://www.econotimes.com/FxWirePro-EUR-GBP-spikes-to-fresh-highs-since-Aug-2013-bias-higher-329162) has hit all targets.
     
  • Recommend booking partial profits. Break above 0.8815 targets 0.8885 levels.
     

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560

By FxWirePro Team