EUR/GBP May Continue Minor Downtrend Phase, Technical Analysis Shows -- Market Talk

Dow Jones

2025/05/08

0608 GMT - EUR/GBP may continue its minor downtrend phase, based on technical analysis, Oanda's Kelvin Wong says in an email. The currency pair has been trading within a minor descending channel since April 21, and has been trading below the 20-day moving average since April 28, the senior market analyst notes. Also, its hourly relative strength index indicator has continued to show bearish momentum since today, the analyst says; next intermediate support levels are pegged at 0.8450 and 0.8410. EUR/GBP is down 0.2% at 0.8491. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

May 08, 2025 02:08 ET (06:08 GMT)

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The currency pair has been trading within a minor descending channel since April 21, and has been trading below the 20-day moving average since April 28, the senior market analyst notes. Also, its hourly relative strength index indicator has continued to show bearish momentum since today, the analyst says; next intermediate support levels are pegged at 0.8450 and 0.8410. EUR/GBP is down 0.2% at 0.8491. 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The currency pair has been trading within a minor descending channel since April 21, and has been trading below the 20-day moving average since April 28, the senior market analyst notes. Also, its hourly relative strength index indicator has continued to show bearish momentum since today, the analyst says; next intermediate support levels are pegged at 0.8450 and 0.8410. EUR/GBP is down 0.2% at 0.8491. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 08, 2025 02:08 ET (06:08 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2533292338","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2533292338","pubTimestamp":1746684480,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0608 GMT - EUR/GBP may continue its minor downtrend phase, based on technical analysis, Oanda's Kelvin Wong says in an email. The currency pair has been trading within a minor descending channel since April 21, and has been trading below the 20-day moving average since April 28, the senior market analyst notes. Also, its hourly relative strength index indicator has continued to show bearish momentum since today, the analyst says; next intermediate support levels are pegged at 0.8450 and 0.8410. EUR/GBP is down 0.2% at 0.8491. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"技术分析显示欧元/英镑可能继续小幅下跌阶段——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EURGBP.FOREX":1},"content_text":"0608 GMT - EUR/GBP may continue its minor downtrend phase, based on technical analysis, Oanda's Kelvin Wong says in an email. The currency pair has been trading within a minor descending channel since April 21, and has been trading below the 20-day moving average since April 28, the senior market analyst notes. Also, its hourly relative strength index indicator has continued to show bearish momentum since today, the analyst says; next intermediate support levels are pegged at 0.8450 and 0.8410. EUR/GBP is down 0.2% at 0.8491. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 08, 2025 02:08 ET (06:08 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}