Thursday, October 15, 2026

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FxWirePro: EUR/GBP edges lower from highs at 0.7478, more downside instore on close below channel top

EUR/GBP has reversed day's gains from highs of 0.7478 and is trading at 0.7447 levels. A close below channel top 0.7454 will see downside upto 0.7393 levels and further below to 0.7360. Daily Stochs are at overbought lev…

By Jay L. Zagorsky
1 min read
FxWirePro: EUR/GBP edges lower from highs at 0.7478, more downside instore on close below channel top
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  • EUR/GBP has reversed day's gains from highs of 0.7478 and is trading at 0.7447 levels.
     
  • A close below channel top 0.7454 will see downside upto 0.7393 levels and further below to 0.7360.
     
  • Daily Stochs are at overbought levels and RSI has retreated from 71 levels and points south.
     
  • Immediate resistance is at 0.7384, while support on the downside lies at 0.7394 (5-DMA).
     

Recommendation: Watchout for close below channel top at 0.7454 to go short, TP: 0.7390/60

 

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By FxWirePro Team