{"id":167357,"date":"2020-03-25T10:55:48","date_gmt":"2020-03-25T14:55:48","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=167357"},"modified":"2020-03-25T06:55:06","modified_gmt":"2020-03-25T10:55:06","slug":"eurgbp-potential-consolidation-with-momentum-to-the-lower-side","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/03\/eurgbp-potential-consolidation-with-momentum-to-the-lower-side\/","title":{"rendered":"EURGBP – Potential Consolidation With Momentum To The Lower Side"},"content":{"rendered":"
March 25, 2020<\/div>
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By <\/strong>Orbex<\/strong><\/a><\/p>\n

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With the backdrop of\u00a0the current pandemic<\/a>, the euro found temporary safe haven status finding willing buyers. The strength in the euro caused EURGBP to retest 10-year highs of the 0.9500 handle.<\/p>\n

The pair likely has put on a temporary top and is currently on a retrace.<\/p>\n

The 8-hour chart above shows two distinct levels where the retrace could end and swing back higher.<\/p>\n

The first level comes to around the 0.9100 handle, while better-listed support would come lower to .8875.
\nAs of now, we could expect a 0.9100 test and consolidation.<\/p>\n

If the bounces remain shallow, we can\u00a0potentially\u00a0drop lower to the next resistance turning support at .8870.<\/p>

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The 2-hour chart below shows an initial support to just under the 0.9200 handle. A break lower to expose 0.9110 is in line with the 8 hours.<\/p>\n

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The main resistance lies right around to the 0.9400 handle.<\/p>\n

By <\/strong>Orbex<\/strong><\/a><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

By Orbex With the backdrop of\u00a0the current pandemic, the euro found temporary safe haven status finding willing buyers. The strength in the euro caused EURGBP to retest 10-year highs of the 0.9500 handle. The pair likely has put on a temporary top and is currently on a retrace. The 8-hour chart above shows two distinct […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-167357","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/167357","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=167357"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/167357\/revisions"}],"predecessor-version":[{"id":167384,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/167357\/revisions\/167384"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=167357"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=167357"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=167357"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}