EUR/GBP Rises on Lockdown Talk
EUR/GBP - H1
The week started on the back foot, but the pair began the day with gains, returning above its EMA100, which has supported it since late November.
During the European session, it rises to new month highs, as reports for imminent lockdown measures in the UK [1] harm the British Pound.
Bulls now have the 200Day EMA in their crosshair and a successful break above it, can open the door towards 0.8625.
From a purely technical prospective, the move is overextended and this may lead to a deflation towards the EMA100 (0.8510), but catalyst will be needed for larger decline beyond 0.8492-87.
Past Performance: Past Performance is not an indicator of future results.
Nikos Tzabouras
Senior Financial Editorial Writer
Nikos Tzabouras is a graduate of the Department of International & European Economic Studies at the Athens University of Economics and Business. With extensive experience in market analysis and a strong foundation in international relations, he brings a unique perspective to financial markets. Nikos emphasizes not only technical analysis but also on fundamentals and the growing influence of geopolitics on financial trends.
As a Senior Financial Editorial Writer, he delivers comprehensive and forward-looking insights across a wide range of asset classes, including equities, commodities, and currencies. His work explores how macroeconomic events, political developments, and global policies impact market dynamics, providing readers with a deeper understanding of both short-term movements and long-term trends.
References
| Retrieved 20 Apr 2026 https://www.theguardian.com/world/2021/dec/08/ministers-expected-to-sign-off-plan-b-covid-rules-for-england |
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