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.
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.
Octa trading broker
Open trading account
Back

EUR/GBP Price Analysis: Stuck in a symmetrical triangle ahead of the key day

  • EUR/GBP remains mildly positive.
  • The weekly triangle formation limits the pair’s moves amid normal RSI conditions.
  • G20, BOE, UK Retail Sales and expected stimulus from Europe could offer a volatile day.

EUR/GBP registers 0.40% gains to 0.9200 while nearing the European open on Thursday. The pair portrays a symmetrical triangle formation while observing its one-week moves.

Given the absence of extra-ordinary moves in the RSI, which in-turn could have signaled the pullback, the quote is expected to carry its sideways momentum inside the 220 pips area between 0.9290 and 0.9070.

It should also be noted that 61.8% Fibonacci retracement of the pair’s early-month rise, at 0.8955, adds to the supports whereas Monday’s top near 0.9340 can offer an extra filter to the upside.

On the fundamental side, the receding strength of the pandemic in Italy, in contrast to the outbreak in the UK, might help the regional currency to benefit more from the slightly positive news/events than the otherwise case.

EUR/GBP four-hour chart

Trend: Sideways

 

US Dollar Index extends the drop to 100.60 ahead of data

The US Dollar Index (DXY), which gauges the greenback vs. its main rivals, is extending the downside below the 101.00 mark on Thursday. US Dollar Inde
Read more Previous

EUR Futures: Recovery looks undermined

Investors scaled back their open interest positions by yet another session on Wednesday, this time by nearly 9.5K contracts, according to preliminary
Read more Next