Confirming you are not from the U.S. or the Philippines

Dengan memberikan pernyataan ini, saya mengaku dan mengesahkan bahawa:
  • Saya bukan seorang warganegara atau pemastautin A.S.
  • Saya bukan warga Filipina
  • Saya tidak memiliki secara langsung atau tidak langsung lebih daripada 10% saham/hak mengundi/faedah pemastautin A.S. dan/atau di bawah kawalan warganegara atau pemastautin A.S. yang dilaksanakan dengan cara lain
  • Saya tidak berada di bawah pemilikan langsung atau tidak langsung lebih daripada 10% saham/hak mengundi/faedah dan/atau di bawah kawalan warganegara atau pemastautin A.S. yang dilaksanakan dengan cara lain
  • Saya tidak berafiliasi dengan warganegara atau pemastautin A.S. dalam terma Bahagian 1504(a) FATCA
  • Saya menyedari akan liabiliti saya kerana membuat pengakuan palsu.
Untuk tujuan pernyataan ini, semua negara dan wilayah bergantung A.S. adalah sama dengan wilayah utama A.S. Saya memberi komitmen untuk mempertahan dan tidak mempertanggungjawabkan Octa Markets Incorporates, pengarah dan pegawainya terhadap sebarang sebarang tuntutan yang timbul dari atau berkaitan dengan sebarang pelanggaran pernyataan saya ini.
Kami komited terhadap privasi anda dan keselamatan maklumat peribadi anda. Kami hanya mengumpul e-mel untuk memberi tawaran istimewa dan maklumat penting tentang produk dan perkhidmatan kami. Dengan memberikan alamat e-mel anda, anda bersetuju untuk menerima surat sedemikian daripada kami. Jika anda ingin berhenti melanggan atau ada sebarang soalan atau masalah, tulis kepada Sokongan Pelanggan kami.
Back

EUR/GBP Price Analysis: Bears maintain control and push the cross to fresh multi-month lows

  • The EUR/GBP slipped to 0.8520, its lowest level since August 2023 recording 0.23% losses.
  • The daily chart reveals RSI nearing oversold territory, hinting at intense selling pressure.
  • If indicators hit oversold conditions a technical correction may be on the horizon.

In Monday's session, the EUR/GBP pair is trading at 0.8520, reflecting a 0.23% decline. It seems the bears have a firm grip on the daily chart, exhibiting a bearish bias for the cross. While bears retain control, the four-hour indicators hint at a near oversold state, suggesting a possible shift in momentum could be looming.

Fundamentally speaking, the pair faces significant pressure due to diverging monetary policy tones by the European Central Bank (ECB) and the Bank of England (BoE). For the rest of the week, investors will take a close look at the BoE’s decision on Thursday as well as key inflation figures from the Eurozone from January as the divergences may expand and apply further pressure on the cross.

EUR/GBP levels to watch

The daily chart displays a bearish environment with the cross trading below its three major Simple Moving Averages (SMAs). Such a situation indicates the bears are currently exerting dominance over the pair. In addition, the Relative Strength Index (RSI) also corroborates this dominance, standing close to oversold levels, hence suggesting that selling momentum is prominent. In the face of rising red bars on the Moving Average Convergence Divergence (MACD), this further reinforces the bearish outlook.

Shifting the focus on the shorter timeframe, the four-hour chart provides the same outlook. Similar to the daily chart, here too, the RSI is almost touching the oversold threshold. This attribute is a secondary confirmation of the stronger selling momentum. Moreover, the red bars of MACD on the four-hour chart are accentuating, aligning with the prevalent bearish view. That being said,the near oversold indications on both timeframes might imply a potential corrective bounce back, hence traders should maintain caution.

EUR/GBP daily chart

 

United States Dallas Fed Manufacturing Business Index fell from previous -9.3 to -27.4 in January

United States Dallas Fed Manufacturing Business Index fell from previous -9.3 to -27.4 in January
Baca lagi Previous

Canadian Dollar softens on Crude Oil hesitation with Canada GDP, US Fed rate call in the pipe

The Canadian Dollar (CAD) eased on Monday, backsliding after Crude Oil markets snipped away the week’s opening highs as the trading week kicks off with a light economic calendar on offer.
Baca lagi Next