Thursday, October 15, 2026

Technicals

Add as a preferred source on Google

FxWirePro: EUR/GBP finds strong support at 0.84 (cloud top), focus on ECB policy meet

EUR/GBP has bounced off from major trendline support on Sept 6th trade. We have evidenced formation of successive spinning top and Doji on daily charts at lows which shows fading downside momentum. European Central Bank …

By FxWirePro Team
1 min read
FxWirePro: EUR/GBP finds strong support at 0.84 (cloud top), focus on ECB policy meet
Image from the original EconoTimes article

Read the original article

  • EUR/GBP has bounced off from major trendline support on Sept 6th trade.
     
  • We have evidenced formation of successive spinning top and Doji on daily charts at lows which shows fading downside momentum.
     
  • European Central Bank (ECB) rate decision is due later today. No major change expected, but Draghi's presser will be in focus for updates on economic and political situation in the euro area.
     
  • Major support levels - 0.8406 (cloud top), 0.8397 (5-DMA), 0.8333 (Sept 6 low), 0.8325 (trendline).
     
  • Major resistance levels - 0.8448 (10-DMA), 0.8474 (50-DMA), 0.85, 0.8530 (20-DMA).
     
  • Our previous call (http://www.econotimes.com/FxWirePro-EUR-GBP-upside-capped-by-5-DMA-at-08392-long-break-above-274335) is progressing.
     
  • Recommend holding for targets. Weakness only below 0.8325, violation there could see drag upto 0.8248 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