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RussianEUR/GBP Daily Technical Analysis
EURGBP - Consolidates On Upside Failure
With an unsustained rally at the 0.8814 level seeing the cross turning lower on Monday, further price consolidation cannot be ruled out. This could force further downside towards the 0.8567 level. However, while this level caps, there is risk of an eventual return to the 0.8716 level. This if seen will leave it targeting the 0.8800 level, its psycho level and then the 0.8500 level.
By Mohammed Isah | Feb 26 | FX Tech Strategy
EURGBP - Breaks Through The 0.8716 Level, Targets The 0.8800 Level
With EURGBP breaking through the 0.8716 level, its year-to-date high on a strong rally, further upside offensive is expected. Price extension looks to recapture the 0.8800 level, its psycho level and then the 0.8850 level followed by the 0.8900 level. Its daily RSI is bullish and pointing higher supporting this view.
By Mohammed Isah | Feb 20 | FX Tech Strategy
EURGBP: Maintains Its Bullishness
With a follow-through higher on the back of its last week gains occurring the past week, further bullish offensive now eyes the 0.8450 level. Above here will call for a run at the 0.8500 level with a violation of here threatening further upside towards the 0.8550 level. Its daily RSI is bullish and pointing higher.
By Mohammed Isah | Jan 22 | FX Tech Strategy
EURGBP: Eyes Further Upside Gains
With a strong rally pushing the cross through the 0.8186 level to close higher on Thursday and following through higher during Friday trading session today, the risk is for further upside to occur in the days ahead. It has traded above the 0.8224 level with firm break and hold above here turning focus to the 0.8300 level.
By Mohammed Isah | Jan 11 | FX Tech Strategy
EURGBP: Recovery Tone Set, Eyes Further Upside
Having halted its corrective declines and turned higher for a third-day in a row, the risk is for more upside to occur. This development now leaves the cross threatening further upside with possibility of returning to the 0.8186 level on the cards. A cut through here will call for a run at the 0.8224 level.
By Mohammed Isah | Jan 08 | FX Tech Strategy
EURGBP: Recovery Tone Set, Eyes Further Upside
Having halted its corrective declines and turned higher for a third-day in a row, the risk is for more upside to occur. This development now leaves the cross threatening further upside with possibility of returning to the 0.8186 level on the cards. A cut through here will call for a run at the 0.8224 level.
By Mohammed Isah | Jan 08 | FX Tech Strategy
EURGBP: Broader Bias Points To The Upside
With the pair remaining bullish and targeting further upside, we look for price extension to aim at the 0.8219 level. A cut through here will call for a run at the 0.8268/75 levels where a breach will shift focus to the 0.8300 level. Its daily and weekly RSI are bullish and pointing higher suggesting further upside.
By Mohammed Isah | Dec 26 | FX Tech Strategy
EURGBP: Remains On The Offensive
With EURGBP holding firmly above the 0.8000/09 levels, further upside offensive is expected. As long as it holds above the 0.7953/28 levels, further upside gains are likely. We expect a back off lower at the 0.8000/09 levels but if broken, further upside pressure should build up towards the 0.8154 level.
By Mohammed Isah | Sep 14 | FX Tech Strategy
EURGBP: Extends Recovery, Targets The 0.7949 Level
With the cross seen following through higher on the back of its last week corrective gains, the immediate risk is for it to strengthen further towards the 0.7949 level. We expect this level to reverse roles as support thus turning the cross back down.
By Mohammed Isah | Aug 06 | FX Tech Strategy
EURGBP: Extends Weakness, Bears Target Key Support Level
The cross extended its downside pressure during Monday trading session today opening the door for additional weakness. On continued weakness, EURGBP will aim at the 0.7806 level, its Oct 26'2008 low where a violation will pave the way for a move lower towards its key support at the 0.7691 level, its Oct 2008 low. Below here could see the cross pushing further lower towards the 0.7594 level.
By Mohammed Isah | Jul 19 | FX Tech Strategy
EURGBP: Extends Weakness, Bears Target Key Support Level
The cross extended its downside pressure during Monday trading session today opening the door for additional weakness. On continued weakness, EURGBP will aim at the 0.7806 level, its Oct 26'2008 low where a violation will pave the way for a move lower towards its key support at the 0.7691 level, its Oct 2008 low.
By Mohammed Isah | Jul 18 | FX Tech Strategy
EURGBP: Extends Weakness, Bears Target Key Support Level
The cross extended its downside pressure during Monday trading session today opening the door for additional weakness. On continued weakness, EURGBP will aim at the 0.7806 level, its Oct 26'2008 low where a violation will pave the way for a move lower towards its key support at the 0.7691 level, its Oct 2008 low.
By Mohammed Isah | Jul 17 | FX Tech Strategy
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