Today we take a closer look at the recent moves in the EUR/GBP. This market has been in a downtrend since early 2021. While the EUR/GBP was trading at 0.9048 in early January, it is currently trading at 0.8613. This price drop of 3.63% occurred very quickly and without any major counter-reactions. However, the…
In today’s report, we will take a closer look at the GBP/USD currency pair. If you listen to the currency analysts at UOB Group, the Cable has the potential to fall back to the 1.3850 level within the next few weeks. Looking at the chart, one can see the very strong rise since the…
The EUR/USD continued last week’s decline today. It even touched the lows at 1.2030. The 1.2030 area was last touched 14 days ago and was used as support at that time. Currently, the market is in a bearish trend channel. Either this will continue and go below the 1.2030 level or the support can hold…
