Thursday, October 15, 2026

Technicals

Add as a preferred source on Google

FxWirePro: EUR/GBP finds strong support at daily cloud, BoE policy meet to drive further action

EUR/GBP trades a narrow range ahead of Bank of England policy meet. BOE is widely expected to leave its monetary policy settings unadjusted and remain in a wait-and-see mode. Minutes will gather more attention as markets…

By FxWirePro Team
1 min read
FxWirePro: EUR/GBP finds strong support at daily cloud, BoE policy meet to drive further action
Image from the original EconoTimes article

Read the original article

  • EUR/GBP trades a narrow range ahead of Bank of England policy meet.
     
  • BOE is widely expected to leave its monetary policy settings unadjusted and remain in a wait-and-see mode.
     
  • Minutes will gather more attention as markets try to gauge the central bank course of action going forward.
     
  • Price action in the pair is holding above daily cloud and 50-DMA at 0.8474 is strong support.
     
  • Our previous call (http://www.econotimes.com/FxWirePro-EUR-GBP-upside-capped-by-5-DMA-at-08392-long-break-above-274335) has achieved all targets.
     
  • Techs have a slightly positive bias, breakout above 20-DMA at 0.8496 to see further upside upto 0.8545 and then 0.8575.
     
  • On the flipside, break below 50-DMA should see weakness upto 0.8325 (trendline).
     

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