4 Global Market Updates- 4 November, 2022

In this article, we have covered the highlights of global market news about the EUR/GBP, AUD/USD, GBP/USD and USD/CAD.

EUR/GBP Price Analysis: EURGBP falls off 200-SMA, but buyers stay optimistic

Before Friday’s European session, EUR/GBP accepts bids to retest the intraday low of 0.8708. By doing this, the currency pair consolidates its prior day’s largest daily advances since late September.

A retreat from the 200-SMA might illustrate the quote’s recent deterioration. The bearish triangle, which had been in place for three weeks, was successfully broken on Thursday, giving buyers of the pair optimism until the price fell below 0.8660.

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