Friday, October 16, 2026

Technicals

Add as a preferred source on Google

FxWirePro: EUR/GBP weakness only below 20-DMA at 0.8355, focus on UK jobs data

EUR/GBP extremely range bound, hovers around 0.84 levels ahead of UK data. The pair finds stiff trendline resistance at 0.8450, intraday bias neutral, weakness only below 20-DMA at 0.8355. Investors remain cautious ahead…

By FxWire Pro
1 min read
FxWirePro: EUR/GBP weakness only below 20-DMA at 0.8355, focus on UK jobs data
Image from the original EconoTimes article

Read the original article

  • EUR/GBP extremely range bound, hovers around 0.84 levels ahead of UK data.
     
  • The pair finds stiff trendline resistance at 0.8450, intraday bias neutral, weakness only below 20-DMA at 0.8355.
     
  • Investors remain cautious ahead of the UK labour market report due later in the EU session.
     
  • Markets predict another 60,000 rise in employment in the quarter ended May. This should leave the unemployment rate at its current level of 5.0%.
     
  • The headline average annual earnings growth is expected to rise from 2.0% to 2.4%.
     
  • Hurdles on the upside align at 0.86, 0.8627 (Jul 6 high) ahead of 0.8651 (Aug 28 2013 high).
     
  • On the flip side, a breach below 20-DMA at 0.8355 could drag the pair to 0.8250 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