Admiral Markets Group consists of the following firms:

Admiral Markets UK Ltd

Regulated by the Financial Conduct Authority (FCA)
  • Leverage up to:
    1:30 for retail clients,
    1:500 for professional clients
  • FSCS protection
  • Negative balance protection
CONTINUE

Admiral Markets AS

Regulated by the Estonian Financial Supervision Authority (EFSA)
  • Leverage up to:
    1:30 for retail clients,
    1:500 for professional clients
  • Guarantee Fund
  • Negative balance protection
CONTINUE

Admiral Markets Cyprus Ltd

Regulated by the Cyprus Securities and Exchange Commission (CySEC)
  • Leverage up to:
    1:30 for retail clients,
    1:500 for professional clients
  • ICF protection
  • Negative balance protection
CONTINUE

Admiral Markets Pty Ltd

Regulated by the Australian Securities and Investments Commission (ASIC)
  • Leverage up to:
    1:500 for retail clients
  • Volatility protection
CONTINUE
Note: If you close this window without choosing a firm, you agree to proceed under the FCA (UK) regulation.
Note: If you close this window without choosing a firm, you agree to proceed under the FCA (UK) regulation.
Regulator fca efsa CySEC asic

​EUR/GBP Retest of Recent Highs is Possible

September 27, 2018 12:06

EURGBP Technical Analysis

Source: EUR/GBP Admiral Markets MT5 with MT5SE Add-on - Accessed: 27.09.2018 10:00 AM

EURGBP Technical Analysis

Source: EUR/GBP Admiral Markets MT5 with MT5SE Add-on - Accessed: 27.09.2018 10:00 AM

The EURGBP currency pair has formed a strong momentum almost reaching the psychological 0.9000 level. The ascending trend line (red) and the retracement trend line (blue) are still keeping the trend intact. The ECB president Mario Draghi is going to deliver opening remarks at the European Systemic Risk Board annual conference, in Frankfurt.

As head of the ECB, which controls short term interest rates, he has more influence over the Euro's value than any other person. Any mention of future economic policy guidance usually has a very strong impact on EUR crosses. On the contrary, the UK doesn't have any news scheduled for today, but traders always need to be aware of potential developments regarding Brexit. Don't forget to follow our Forex calendar for all regular updates on the news, economic announcements, forecasts and much more.

Technically, the EUR/GBP currency pair has formed an ascending trend line right at the 78.6 Admiral pivot points and the ascending trend line. Rejections from 0.8900 are possible as long as trend lines hold. Targets are 0.8950 and eventually 0.8995. Only a breakout above 0.8995 could spike the pair further towards the R1 Admiral Pivot. The price should get volatile in this pair, so be careful and follow the price action as usual.

Pivot Lines - Weekly Support and Resistance

POC - POC - Point Of Confluence (The zone where we expect the price to react - aka the entry zone)

This material does not contain and should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments. Please note that such trading analysis is not a reliable indicator for any current or future performance, as circumstances may change over time. Before making any investment decisions, you should seek advice from independent financial advisors to ensure you understand the risks.

Risk Warning

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.