Thursday, October 15, 2026

Technicals

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FxWirePro: EUR/GBP slammed further, 200-HMA at 0.7311 flips to resistance

Euro is relentlessly offered across the board amid ripening risk sentiment ahead of the US inflation data The single currency came under renewed selling pressure after the Eurozone CPI figures disappointed markets, dragg…

By Jay L. Zagorsky
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • Euro is relentlessly offered across the board amid ripening risk sentiment ahead of the US inflation data

  • The single currency came under renewed selling pressure after the Eurozone CPI figures disappointed markets, dragging EUR/GBP further into losses

  • EUR/GBP slumps to day's lows at 0.7269, 200-HMA at 0.7311 reverts to resistance 

  • Strong UK employment numbers along with headline CPI numbers running at zero support BoE rate hike expectations a strong GBP positive

  • Strong support seen at 0.7240 levels, below 0.7235 would signal an end to consolidation since end August 

Recommendation: Good to sell rallies around 0.7290, SL: 0.7320, TP: 0.7240

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By FxWirePro Team