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  1. EUR/GBP Technical Analysis: Daily Breakdown

    by , 01-17-2019 at 02:57 PM
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    After being confined to trading within a horizontal range between 0.89525 and 0.90607 since December, the Euro is quickly losing ground against the British Pound after a rising support line was breached as anticipated. Not only has EUR/GBP fallen about 2.25% since January 11th, but also the pair achieved its longest daily losing streak since October 9th (5 days). Fundamentally, this has been due to the latest Brexit developments.

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  2. EUR/GBP : ranging near 200-SMA reversal level

    by , 11-16-2018 at 05:40 PM
    For EUR/GBP, multiple resistance barriers were knocked out within a span of 24 hours. But on the daily chart, we do have the formation of what appears to be a new descending trend line dating back to August. For the time being, this may keep the dominant downtrend since then intact. A push above the line would open the door to overturning the downtrend.

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    However, this would require ascending through the October high at 0.89394. Until that ...
  3. The Euro has launched a brisk recovery against the British Pound, rising to the highest level in a month

    by , 11-16-2014 at 07:31 AM
    Talking Points:

    • EUR/GBP Technical Strategy: Flat
    • Support: 0.7917, 0.7887, 0.7849
    • Resistance: 0.7947, 0.7985, 0.8030

    The Euro has launched a brisk recovery against the British Pound, rising to the highest level in a month. Near-term resistance is at 0.7947, the 61.8% Fibonacci retracement, with a break above that on a daily closing basis exposing the 76.4% level at 0.7985. Alternatively, a turn back below the 50% Fib at 0.7917 opens the door for a challenge of the ...
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  4. As Alibaba Prepares for IPO, Tech Stocks Retreat

    by , 05-09-2014 at 03:53 PM
    As Alibaba Prepares for IPO, Tech Stocks Retreat

    It's a tough time for a tech debut.

    As e-commerce giant Alibaba gets ready for a blockbuster stock sale in the next few months, technology shares are retreating. For two years, investors bid up biotechnology and internet companies, enticed by their strong growth prospects in an otherwise weak U.S. recovery. But they have sold off those stocks since late February, realizing they can find better value elsewhere. So-called ...