The EUR/GBP pair charted a key day reversal on Friday from 8.8722 and Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, expects a slide towards the 0.8471/65 area. Failure at 0.8471/65 to target 0.8314/0.8239 “Attention reverts to the March and May 2019 lows at 0.8471/65.” “Rallies should now struggle at 0.8722 and are likely to remain capped by 0.8732, the end of February high.” “Initial support is offered by the 20-day ma at 0.8604 ahead of key support at 0.8471/65.” “Below 0.8465 we would have to allow for the 0.8314/.8239 major support zone to be reached (the December 2016, April 2017, December 2019 and February 2020 lows).” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/JPY struggles near mid-108.00s, multi-week lows FX Street 2 years The EUR/GBP pair charted a key day reversal on Friday from 8.8722 and Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, expects a slide towards the 0.8471/65 area. Failure at 0.8471/65 to target 0.8314/0.8239 "Attention reverts to the March and May 2019 lows at 0.8471/65." "Rallies should now struggle at 0.8722 and are likely to remain capped by 0.8732, the end of February high." "Initial support is offered by the 20-day ma at 0.8604 ahead of key support at 0.8471/65." "Below 0.8465 we would have to allow for the 0.8314/.8239 major support zone… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
