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Oct 08 - 05:00 PM
EUR/USD, GBP/USD, EUR/GBP: L-Term & S-Term Trends & Key Levels - ING
First appeared on eFXplus on Oct 08 - 03:30 PM

ING discusses the technical outlook for EUR/USD, GBP/USD, and EUR/GBP.

EUR/USD

Long-term trend: Down. Still moving within an 8 year falling trend channel

Short-term trend: Neutral. Sell the rallies within the rebound

GBP/USD

Long-term trend: Neutral. Prices bottomed above the horizontal support around 1.1970

Short-term trend: Neutral. A close below the MA-50 line would signal further downside

EUR/GBP

Long-term trend: Neutral. Developing a larger trading range 0.8345-0.9320

Short-term trend: Up. Solid rise above steep trend line suggests a trend change

Source:
ING Research/Market Commentary

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