0221 GMT - EUR/GBP remains stuck in a short-term downtrend, but could break below the 0.8400 area, based on its 4-hour chart, says Kelvin Wong, senior market analyst at Oanda, in an email. The currency pair continues to oscillate within a minor descending channel since the April 23 high of 0.8645 and below its 20-day moving average, Wong says. However, if short-term pivotal resistance at 0.8500 isn't breached to upside, EUR/GBP could break below its June 14 minor low area of 0.8400 for a further potential decline toward subsequent near-term support at 0.8345, Wong adds. EUR/GBP is little changed at 0.8421, according to FactSet. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
July 11, 2024 22:21 ET (02:21 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。