EUR/GBP Technical Analysis: Has the Long Term Uptrend Resumed?
The Euro has risen to the highest level in nearly a year against the British Pound, seemingly resuming the long-term uptrend. Is this the time to buy in?
The Euro has risen to the highest level in nearly a year against the British Pound, seemingly resuming the long-term uptrend. Is this the time to buy in?
The Japanese Yen seems to be regaining the upper hand against the US Dollar and others. However USD/JPY is not far from key resistance and may yet break above it
US Dollar prices could lose ground against the Malaysian Ringgit, Indonesian Rupiah and Philippine Peso while USD/SGD climbs after near-term rising support held on the daily chart.
Euro-zone equities have been generally strong recently, but still lagging the stronger U.S. markets and both the German and French benchmarks have hurdles to overcome.
The British Pound caught a bid this morning on supportive comments regarding Brexit, helping to offset one of the key bearish drivers in GBP. But with prices now testing 1.3000, can bulls continue to drive?