Friday, 5 October 2018

EURGBP Analysis: Technical Support Broken, Downtrend Reinforced

EURGBP has broken below the 200-day moving average with apparent ease and now looks to make fresh multi-month lows as the technical picture turns bearish.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...