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Against the euro the British currency also weakened to 91.265 pence, its lowest in nearly a week, trading last down by 0.7% at 90.89 pence EURGBP=D3. “For the pound to recover the fall this ...
In the US session, the EURUSD pair slid to the 67 th degree at 1.1085. The single currency came under pressure via the EURGBP pair, which dropped from 0.9095 to 0.9016 on the back of a rising pound.
Against the euro the British currency also weakened 0.6% to 90.81 pence EURGBP=D3. Sterling had rallied in recent days on hopes that Britain’s opposition parties can stop a no-deal Brexit.
EURGBP remained below the 0.9100 level despite bouncing on the critical 3-month old ascending trend-line last week. With the RSI losing steam slightly under its 50 neutral mark and the MACD weakening ...
The EURGBP is staying below the 0.9090 resistance level, at least for now. I wrote about this breakdown last week. The first was on August 19th when a combination of signals ...