Thursday, October 15, 2026

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FxWirePro: EUR/GBP struggles to hold gains above 0.8815, bias higher

EUR/GBP struggles to hold gains above 0.8815 resistance. The pair edges lower to currently trade around 0.8493, bias remains higher. ECB minutes from the September meeting due today will provide impetus for further direc…

By FxWirePro Team
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FxWirePro: EUR/GBP struggles to hold gains above 0.8815, bias higher
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  • EUR/GBP struggles to hold gains above 0.8815 resistance.
     
  • The pair edges lower to currently trade around 0.8493, bias remains higher.
     
  • ECB minutes from the September meeting due today will provide impetus for further direction.
     
  • Decisive break above crucial 0.8815 resistance could see test of 0.8885 levels. 
     
  • Technicals are bullish and support further upside, though indicators remain in heavily overbought territory.
     
  • We see resumption of weakness only below 20-DMA at 0.8595.
     
  • Our previous call (http://www.econotimes.com/FxWirePro-EUR-GBP-spikes-to-fresh-highs-since-Aug-2013-bias-higher-329162) has hit all targets.
     

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By FxWirePro Team