EUR/GBP Weekly Outlook - ActionForex

EUR/GBP Weekly Outlook – ActionForex

EUR/GBP’s extended decline last week suggests that rebound from 0.8453 has already completed as a corrective move at 0.8611. Initial bias stays on the downside this week for retesting 0.8453 low and then 61.8% projection of 0.8728 to 0.8453 from 0.8611 at 0.8441. Firm break there will target 100% projection at 0.8336. On the upside,…

Read More
Brent Price Slips Below $100

Brent Price Slips Below $100

Brent price fell below $100 on Friday, reversing the large part of Thursday’s 5.5% rally, as sentiment continues to change on daily basis. Initial fears of longer supply disruption on signs of fresh escalation of US-Iran conflict were faded by talks that the EU countries would release 50 million barrels of diesel from their strategic…

Read More