EUR/GBP Daily Outlook – Action Forex

Daily Pivots: (S1) 0.8664; (P) 0.8695; (R1) 0.8710; More…

Range trading continues in EUR/GBP and intraday bias remains neutral for the moment. On the downside, break of 0.8654 will resume the fall from 0.8750. Decisive break there will indicate bearish reversal and target 38.2% retracement of 0.8221 to 0.8750 at 0.8548. Nevertheless, on the upside, break of 0.8750/2 will resume the rise from 0.8221 towards 0.8867 fibonacci level.

In the bigger picture, rise from 0.8221 medium term bottom is seen as a corrective move. While further rally cannot be ruled out, upside should be limited by 61.8% retracement of 0.9267 to 0.8221 at 0.8867. Considering bearish divergence condition in D MACD, firm break of 0.8631 support will be the first sign that this corrective bounce has completed. Sustained trading below 55 W EMA (now at 0.8549) will confirm, and bring retest of 0.8221 low.

Source link

Visited 2 times, 2 visit(s) today

Related Article

Person with an American Express card at a restaurant.

The Best Warren Buffett Stocks to Buy With $1,000 Right Now

These companies are thriving today and have robust long-term opportunities. Warren Buffett will be at the helm of Berkshire Hathaway for just a few more months, but his wisdom and guidance will continue to inspire investors to make sound decisions and stay in the market through volatility. If you’re looking for some excellent Buffett stocks

The price of Bitcoin is shown on a screen

If AI and crypto aren’t bubbles, we could be in big trouble

If AI and crypto are not bubbles, we could be in big trouble. What if the trillions of dollars placed on those bets turn out to be good investments? The disruption will be epic, and terrible. A lot of speculative manias are just fun for a while and then the last in lose their shirts,

Oracle Stock Investors -- You'll Love This Update!

Oracle Stock Investors — You’ll Love This Update!

Motley Fool – Sun Oct 19, 6:33AM CDT Oracle(NYSE: ORCL) provided investors with a massive update you will not want to miss. *Stock prices used were the afternoon prices of Oct. 16, 2025. The video was published on Oct. 18, 2025. Where to invest $1,000 right now? Our analyst team just revealed what they believe

Nvidia headquarters with Nvidia sign in front.

Prediction: This Will Be Nvidia’s Stock Price 5 Years From Now

The artificial intelligence (AI) chipmaker is riding a massive secular tailwind that has only just begun. Perhaps as much as any other company, Nvidia (NVDA 0.86%) has ridden the wave of artificial intelligence (AI) adoption to new heights, becoming the world’s largest company by market cap in the process. The company pioneered the graphics processing

Jim Cramer Believes “It is Time to Kaching Kaching Critical Metals”

Critical Metals Corp. (NASDAQ:CRML) is one of the stocks Jim Cramer recently offered insights on. Responding to a caller’s query about the stock, Cramer remarked: “We’ve talked about this, Ben Stoto and I. It is time to kaching kaching Critical Metals. You need President Trump to go in there and buy 10% of the company.

GBP/USD Weekly Forecast - 19/10: Cautious Outlooks (Chart)

GBP/USD Weekly Forecast – 19/10: Cautious Outlooks (Chart)

Created on October 19, 2025 The broad Forex market including the GBP/USD continues to be tested with shifting sentiment and cautious outlooks. The GBP/USD went into this weekend around the 1.34239 price. The week’s trading for the currency pair did develop solid upside. However, the move upwards and the current realm for the GBP/USD have