{"id":104994,"date":"2020-09-21T08:31:50","date_gmt":"2020-09-21T07:31:50","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=104994"},"modified":"2020-09-21T13:08:24","modified_gmt":"2020-09-21T12:08:24","slug":"104373-eur-gbp-bears-lose-early-monday-initiative","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104373-eur-gbp-bears-lose-early-monday-initiative\/","title":{"rendered":"EUR\/GBP Bears Lose Early Monday Initiative"},"content":{"rendered":"<ul>\n<li>EUR\/GBP snaps a two-day winning run earlier in the day but recovers later.<\/li>\n<li>The pair pulls back from 0.9154 resistance level.<\/li>\n<li>MACD indicator stays bullish, not helping sellers much.<\/li>\n<li>21-day EMA acts as resistance.<\/li>\n<\/ul>\n<p>Bears in EUR\/GBP couldn&#8217;t sustain the morning edge, and the pair was trading around 0.9160 ahead of the European trading today. EUR\/GBP fell from 21-day simple moving average during the early Asian session.<\/p>\n<div class=\"su-button-center\"><a href=\"https:\/\/currencylive.com\/exchange-rate\/eur-to-gbp-exchange-rate-today\/\" class=\"su-button su-button-style-flat\" style=\"color:#FFFFFF;background-color:#f92658;border-color:#c81f47;border-radius:5px\" target=\"_self\"><span style=\"color:#FFFFFF;padding:0px 22px;font-size:17px;line-height:34px;border-color:#fb688b;border-radius:5px;text-shadow:none\"> Check real time EUR to GBP exchange rate<\/span><\/a><\/div>\n<p>The falling trendline from September 11 might question bullish strength. And, another resistance of note is the June month&#8217;s high near 0.9175 and above which 0.9200 will test buyers.<\/p>\n<p>A daily close above 0.9210 &#8211; an area near the low of September 10, can help bulls to attack the monthly high of 0.9291 in EUR\/GBP.<\/p>\n<p>Support area around 0.9140 &#8211; marketing multiple highs in late-July ahead of the 21-day SMA near 0.9090 helps the bulls against the bears.<\/p>\n<p>August high of 0.9070, along with 50-60 Percent Fibonacci retracement of April-September upside, near 0.8980-0.8910 are hindrances for the bears.<\/p>\n<div class=\"su-box su-box-style-default\" id=\"\" style=\"border-color:#000061;border-radius:3px;max-width:none\"><div class=\"su-box-title\" style=\"background-color:#071894;color:#FFFFFF;border-top-left-radius:1px;border-top-right-radius:1px\">EUR Index Today - last 180 days<\/div><div class=\"su-box-content su-u-clearfix su-u-trim\" style=\"border-bottom-left-radius:1px;border-bottom-right-radius:1px\">\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2020\/09\/dd0f760b030b156861e8fe2871fc291b.png\" alt=\"\" width=\"800\" height=\"348\" class=\"aligncenter size-full wp-image-105019\" srcset=\"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2020\/09\/dd0f760b030b156861e8fe2871fc291b.png 800w, https:\/\/currencylive.com\/news\/wp-content\/uploads\/2020\/09\/dd0f760b030b156861e8fe2871fc291b-300x131.png 300w, https:\/\/currencylive.com\/news\/wp-content\/uploads\/2020\/09\/dd0f760b030b156861e8fe2871fc291b-768x334.png 768w, https:\/\/currencylive.com\/news\/wp-content\/uploads\/2020\/09\/dd0f760b030b156861e8fe2871fc291b-696x303.png 696w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/p>\n<div style=\"font-size: 75%; line-height: 1.5;\"><div class=\"su-expand su-expand-collapsed su-expand-link-style-default no-margin\" data-height=\"0\"><div class=\"su-expand-content su-u-trim\" style=\"color:#333333;max-height:0px;overflow:hidden\">Currency Index charts show the <strong>strength of a single currency<\/strong> based on a basket of foreign currencies. This is done using a weighted mean (an average) of the 5 largest routes from that source currency and their daily FX rates. You can explore <a style=\"color:#0088FF\" href=\"\/exchange-rate\/\">live exchange rates here<\/a>.<\/div><div class=\"su-expand-link su-expand-link-more\" style=\"text-align:center\"><a href=\"javascript:;\" style=\"color:#0088FF;border-color:#0088FF\"><span style=\"border-color:#0088FF\">What does this show? <\/span><\/a><\/div><div class=\"su-expand-link su-expand-link-less\" style=\"text-align:center\"><a href=\"javascript:;\" style=\"color:#0088FF;border-color:#0088FF\"><span style=\"border-color:#0088FF\">Show less<\/span><\/a><\/div><\/div><\/div>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>EUR\/GBP snaps a two-day winning run earlier in the day but recovers later. The pair pulls back from 0.9154 resistance level. MACD indicator stays bullish, not helping sellers much. 21-day EMA acts as resistance. Bears in EUR\/GBP couldn&#8217;t sustain the morning edge, and the pair was trading around 0.9160 ahead of the European trading today. [&hellip;]<\/p>\n","protected":false},"author":163946612,"featured_media":5565,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1379],"tags":[2649,3156],"class_list":{"0":"post-104994","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eur","8":"category-gbp","9":"tag-eur-gbp","10":"tag-macd"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>EUR\/GBP Bears Lose Early Monday Initiative - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/104373-eur-gbp-bears-lose-early-monday-initiative\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Stelian Olar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104373-eur-gbp-bears-lose-early-monday-initiative\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104373-eur-gbp-bears-lose-early-monday-initiative\\\/\"},\"author\":{\"name\":\"Stelian Olar\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/c83637dd6dc82bcaadbc8b6c994d1186\"},\"headline\":\"EUR\\\/GBP Bears Lose Early Monday Initiative\",\"datePublished\":\"2020-09-21T07:31:50+00:00\",\"dateModified\":\"2020-09-21T12:08:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104373-eur-gbp-bears-lose-early-monday-initiative\\\/\"},\"wordCount\":250,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104373-eur-gbp-bears-lose-early-monday-initiative\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100622-gbp-eur-tory-leadership-heats-up.jpg\",\"keywords\":[\"eur\\\/gbp\",\"MACD\"],\"articleSection\":[\"EUR\",\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104373-eur-gbp-bears-lose-early-monday-initiative\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104373-eur-gbp-bears-lose-early-monday-initiative\\\/\",\"name\":\"EUR\\\/GBP Bears Lose Early Monday Initiative - 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