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FX Watch: Potential EUR/GBP trend continuation after Eurozone PMI release

Photo of Vaseline VaselineAugust 21, 2024
0 Less than a minute
FX Watch: Potential EUR/GBP trend continuation after Eurozone PMI release

EUR/GBP does not appear to be making new weekly highs above a technical resistance zone. Will this week’s Eurozone PMI releases extend EUR/GBP’s August downtrend? We take cues from the Eurozone PMI Event Guide and the pair’s 1-hour chart:

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Photo of Vaseline VaselineAugust 21, 2024
0 Less than a minute
Photo of Vaseline

Vaseline

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