EUR/USD 1.17858
0.110%
Gold 5096.86
2.005%
Oil 66.320
-0.480%
USD/JPY 155.059
0.041%
GBP/USD 1.34890
0.196%
GBP/JPY 209.162
0.248%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On February 22, the Afghan Ministry of Defense issued a statement saying that Pakistan had once again violated Afghan territory, launching airstrikes on multiple civilian areas in Nangarhar and Paktika provinces. The attacks resulted in dozens of civilian casualties, including women and children. The Ministry of Defense strongly condemned Pakistans blatant violation of Afghan territorial sovereignty, considering it a serious breach of international law and the principle of good neighborliness. The Ministry warned that it would respond appropriately and carefully at the right time.February 22nd - According to data from the Hong Kong-Zhuhai-Macau Bridge Border Inspection Station of the Zhuhai Border Inspection General Station, since February 15th (the 28th day of the twelfth lunar month), as of February 21st (the fifth day of the first lunar month), the number of Hong Kong and Macau single-license plate vehicles entering and exiting through the Zhuhai Port of the Hong Kong-Zhuhai-Macau Bridge has exceeded 100,000, reaching 114,000. On February 21st (the fifth day of the first lunar month), the number of Hong Kong and Macau single-license plate vehicles inspected by the border inspection department exceeded 20,000 for the first time in a single day, setting a new historical high since the implementation of the "Macau vehicles traveling north" and "Hong Kong vehicles traveling north" policies.February 22 – Ahmed Altom, Director General of the Geological Research Authority of Sudan, stated on February 21 that the armed conflict in Sudan has caused approximately $7 billion in economic losses to the countrys mining industry. Altom said that the conflict has severely damaged Sudans mining infrastructure, reducing government-led mining activities from 18 states to 6. Geological surveys, exploration operations, and mining production have all been significantly affected, resulting in a sharp decline in related fiscal revenue.On February 22, US President Trump approved emergency aid to Washington, D.C., to address the aftermath of a leak that released at least 250 million gallons (approximately 940 million liters) of untreated sewage into the Potomac River. On January 19, a decades-old sewage pipe in Maryland ruptured, causing over 900 million liters of wastewater to flow into the Potomac River. This river flows west of Washington, D.C., and is a major source of drinking water for the capital region. The incident became one of the largest sewage spills in U.S. history. On February 18, Washington, D.C. Mayor Muriel Bowser declared a state of emergency and requested federal resources from President Trump to help the city deal with the sewage system leak.February 22nd - NIOs official Weibo account announced that on February 21st, 2026 (the fifth day of the Lunar New Year), NIOs battery swap service reached a record high of 175,976 transactions. This marks the fourth consecutive day of record-breaking performance since the start of the Year of the Horse.

EUR/GBP Price Analysis: Breakout of the Flag Indicates Potential for New Upward Movement

Daniel Rogers

Jan 11, 2023 12:00

EUR:GBP.png 

 

During the Asian session, the EUR/GBP pair is behaving erratically below the crucial barrier of 0.8840. The cross trades aimlessly due to the absence of a potential stimulus. In the meantime, it is predicted that the European Central Bank (ECB) will cease its policy tightening, as Mario Centeno, a member of the ECB's governing council, stated that Eurozone inflation may find stiff opposition in January and February, but will begin to decrease in March.

 

EUR/GBP is forming a Bullish Flag chart pattern on a four-hour time frame, which indicates consolidation followed by a breakout. Participants typically initiate long positions during the consolidation period of a chart pattern, preferring to enter an auction once a bullish bias has been established.

 

Near 0.8820, the 50-period Exponential Moving Average (EMA) has moved sideways, suggesting continued consolidation. While the 200-day exponential moving average (EMA) is still climbing, a bullish long-term trend is indicated.

 

The Relative Strength Index (RSI) (14) fluctuates between 40.00 and 60.00 in the interim. It indicates that a probable conviction move trigger is not present.

 

A breach of the January 6 high at 0.8871 will accelerate the asset towards the round-number barrier at 0.8900, followed by the September 29 high at 0.8979.

 

In comparison, a decline below Monday's low of 0.8769 will lead to the asset's December 21 low of 0.8716. A fall in the latter will cause the asset to reach a low of 0.8691 on December 19.


Suggestion