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

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
Cancel Confirm
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Confirm
Octa trading broker Sign up Log in
Octa trading broker
Open trading account
Trading news
Back
2 Feb 2022

EUR/GBP Price Analysis: 0.8360 remains a tough nut to crack for bulls

  • EUR/GBP sees a renewed upside while above 0.8300.
  • The cross needs to clear the 21-DMA to take on the 0.8360 barrier.
  • Bearish RSI keeps bulls cautious ahead of key BOE, ECB showdown.

EUR/GBP is trying hard to extend the previous rebound from near the 0.8320 region, currently trading in the green at 0.8336.

Despite the uptick, bulls appear non-committal ahead of the BOE and ECB monetary policy decisions due Thursday, with the former likely to hike the interest rates for the second time in a row.

The ECB is likely to stand pat while dismissing the inflationary concerns. The central bank divergence is likely to limit the bullish potential in the cross.

Technically, the EUR/GBP cross is making headways to recapture the bearish 21-Daily Moving Average (DMA) at 0.8346.

Further up, the recent range highs near 0.8360 will emerge as a powerful resistance for the optimists.

The next level to beat for bulls will be the 0.8400 round number.

EUR/GBP daily chart

 

However, the 14-day Relative Strength Index (RSI) remains below the midline, warranting caution for bulls.

Therefore, selling resurgence could call for a retest of Tuesday’s low of 0.8318, below which 0.8300 could be probed.

That level is the critical horizontal trendline support on the daily time frame.

EUR/GBP additional levels

 

Feb 2, 2022

GBP/USD hovers past-1.3500 on UK politics, Brexit fears ahead of US ADP Employment, BOE

GBP/USD grinds higher around the weekly top, recently taking rounds to 1.3520 as cable traders brace for Wednesday’s London open. In doing so, the quo
Read more Previous
Feb 2, 2022

Natural Gas Futures: Extra decline on the cards

Open interest in natural gas futures markets rose for the fourth session in a row on Tuesday, now by around 1.8K contracts, according to advanced prin
Read more Next