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Add as a preferred source on Google FxWirePro: EUR/GBP largely unchanged on the day, weakness on break below daily cloud EUR/GBP lacks clarity of direction, trades largely muted on the day. GBP under pressure from BOE Deputy Governor Minouche Shafik's comments. The pair is extending decline from multi-week highs of 0.8716 (Sept 26). Daily …
By FxWirePro Team Sep 29, 2016, 8:24 AM UTC
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EUR/GBP lacks clarity of direction, trades largely muted on the day.
GBP under pressure from BOE Deputy Governor Minouche Shafik's comments.
The pair is extending decline from multi-week highs of 0.8716 (Sept 26).
Daily cloud is seen as strong support on the downside, break below could accentuate weakness.
Major support levels - 0.8589 (Sept 28 low), 0.8559 (cloud top), 0.8522 (20-DMA)
Major resistance levels - 0.8631 (Sept 20 high), 0.8693 (Sept 27 high), 0.87, 0.8716 (Sept 26 high)
Recommendation: Good to short break below 0.8559, SL: 0.8625, TP: 0.8515/ 0.85/ 0.8440
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By FxWirePro Team Oct 15, 2026, 3:20 AM UTC
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