EURGBP Wave Analysis 23 December, 2020

December 23, 2020 at 03:21PM

ADVERTISEMENT

Sponsored by Harvey Nichols Founded in 1831, a British luxury department store.

ADVERTISEMENT

ADVERTISEMENT

Sponsored by Harvey Nichols Founded in 1831, a British luxury department store.

ADVERTISEMENT

• EURGBP reversed from resistance area

• Likely to fall to 0.9000

EURGBP recently reversed down sharply from the resistance area lying between the key resistance level 0.9200 (which also reversed the price at the start of December and in September) and upper daily Bollinger Band

The downward reversal from this resistance area created the daily Japanese candlesticks pattern Shooting Star.

EURGBP is expected to fall further toward the next round support level 0.9000 (which has been reversing the price from the start of December).

From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/eurgbp-wave-analysis-23-december-2020-20201223/
Selected by fonecable.com

Search Web: EURGBP Wave Analysis 23 December, 2020

About Post Author

fonecablecom

marketing@fonecable.com

Happy

0 %

Sad

0 %

Excited

0 %

Sleepy

0 %

Angry

0 %

Surprise

0 %

24S Worldwide (APAC/EU/US)24S | GET UP TO 300£/$/€ OFF ON YOUR BACK-TO-OFFICE LOOK | **CODE: SHOP100 / SHOP200 / SHOP300**

easypM6CaP — Free Currency Card in the UK; Free Currency Accounts; UK Residence Only

ADVERTISEMENT

HN4WOMAN — Sponsored by **Harvey Nichols** Founded in 1831, a British luxury department store.

ADVERTISEMENT

USD/JPY extends advance as firmer US labour data lifts the Dollar ahead of Fed decision 9 December 2025

The Japanese Yen (JPY) weakens against the US Dollar (USD) on Tuesday, with USD/JPY extending gains for the third straight day as the Greenback strengthens following firmer labour-market signals. At the time of writing, the pair is trading near 156.90, its highest level since November 25.

GBP/USD pulls back as Dollar firms on JOLTS strength ahead of policy meeting 9 December 2025

GBP/USD drops below the key support level seen at the 200-day Simple Moving Average (SMA) of 1.3331 and weakens some 0.21% on Tuesday as traders brace for the policy decision of the Federal Reserve on Wednesday. At the time of writing, the pair trades below 1.3300 after reaching a high of 1.3356.

BoE: Hawkish comments from the treasury select committee 9 December 2025

Bank of England (BoE) Deputy Governor for Markets and Banking Dave Ramsden, Deputy Governor for Monetary Policy Clare Lombardelli, and MPC member Catherine Mann gave comments to the Treasury Select Committee on Tuesday about the November monetary policy report.

Gold stays range-bound as traders await Fed decision 9 December 2025

Gold (XAU/USD) holds its footing on Tuesday, extending the sideways pattern that has dominated trade for a little over a week as investors stay on the sidelines ahead of the Federal Reserve’s (Fed) interest rate decision on Wednesday.

WTI Oil declines as Iraq production resumes, Fed rate cut hopes cap downside 9 December 2025

West Texas Intermediate (WTI) US Oil trades around $58.50 on Tuesday at the time of writing, down 0.40% on the day. The Crude Oil market is declining after the announcement of restored production at Iraq’s West Qurna 2 field, a development that increases short-term supply and pressures Oil prices.

Breaking: JOLTS Job Openings increase to 7.67M in October 9 December 2025

The number of job openings on the last business day of September stood at 7.658 million, while for October it rose to 7.67 million, the US Bureau of Labor Statistics (BLS) reported in the Job Openings and Labor Turnover Survey (JOLTS) on Tuesday.

Focus on price, trend, and momentum 9 December 2025

Investopedia is partnering with CMT Association on this newsletter. The contents of this newsletter are for informational and educational purposes only, however, and do not constitute investing advice.

United States JOLTS Job Openings came in at 7.658M, above expectations (7.2M) in September 9 December 2025

United States JOLTS Job Openings came in at 7.658M, above expectations (7.2M) in September

United States JOLTS Job Openings came in at 7.67M, above expectations (7.2M) in October 9 December 2025

United States JOLTS Job Openings came in at 7.67M, above expectations (7.2M) in October

Copper hits record high near $11,800 amid strong start to 2025 – Commerzbank 9 December 2025

Copper started the week at a new record high of almost $11,800 per ton, up 33% on the start of the year. China impressed with good export figures: exports were almost 6% higher than last year, giving China its third-largest monthly trade surplus ever.

JPY softens amid quiet market conditions – Scotiabank 9 December 2025

The Japanese Yen (JPY) is slightly weaker against the US Dollar (USD), underperforming its G10 peers as markets await PPI data.

Gold: BIS report warns of Gold price correction – Commerzbank 9 December 2025

According to a report by the Bank for International Settlements (BIS), the rise in Gold prices since the beginning of September has been amplified by speculative purchases by retail investors, thereby decoupling Gold from typical patterns of behavior such as that of a safe haven.

GBP holds steady in mid-1.33s range – Scotiabank 9 December 2025

The Pound Sterling (GBP) remains steady in the lower/mid-1.33s, with sentiment-driven consolidation following the post-budget rally, while traders await Friday’s UK trade and industrial production data and weigh the BoE’s policy outlook for 2026, Scotiabank's Chief FX Strategists Shaun Osborne and E

EUR/GBP Price Forecast: Technical setup neutral as pair trades between key moving averages 9 December 2025

The Euro (EUR) holds steady against the British Pound (GBP) on Tuesday, with EUR/GBP oscillating within its familiar range as traders remain on the sidelines amid a lack of fresh catalysts, with attention gradually shifting toward next week’s monetary policy meetings from the European Central Bank (

OPEC production declined in November despite increase in production quotas – Commerzbank 9 December 2025

Reuters and Bloomberg have meanwhile published their surveys on OPEC production in November.

Come in, the water is fine 9 December 2025

S&P 500 rose premarket (similar to the way BTC did), tried to extend gains after the opening bell, and then fell almost in a straight line to the ES low 6,860s level, where the news of blessing for NVDA H200 chip sales to China came (as if they needed these chips, or soybeans, or other […]

EUR holds steady in tight range ahead of NA session – Scotiabank 9 December 2025

The Euro (EUR) is entering Tuesday’s NA session flat to the US Dollar (USD) as it extends its tight consolidation for a fourth consecutive session and trades within a remarkably narrow range in the mid-1.16s, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

Novo Nordisk continues to fall: Where I am buying the stock 9 December 2025

Novo Nordisk (NVO) had another tough session yesterday, finishing more than 2% lower compared to Friday’s close. The pharmaceutical company behind well-known drugs like Wegovy and Ozempic has struggled throughout the year, and the stock now sits more than 50% below its highs from earlier in 2024.

China imported more Crude Oil from Saudi Arabia and Iran – Commerzbank 9 December 2025

China boosted crude imports from Saudi Arabia and Iran in November, while Russian volumes declined amid weak demand and newly imposed U.S. sanctions.

CAD holds in tight range after jobs-driven shakeout – Scotiabank 9 December 2025

The Canadian Dollar (CAD) has settled back into a narrow range after drifting a little lower overall yesterday. Market positioning was caught offside by the surprisingly strong Canadian jobs data Friday, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

Breaking News

December 23, 2020 at 03:21PM

ADVERTISEMENT

ADVERTISEMENT

Recent Posts

ADVERTISEMENT

ADVERTISEMENT

Related Listening

December Reports

November Reports

October Reports

September Reports

August Reports

July Reports

ADVERTISEMENT

Average Rating

Leave a Reply

Related Post

Featured widget