Karen Jones, analyst at Commerzbank, points out that the EUR/GBP cross has seen complete rejection from the 55 day ma at .8707, which leaves the attention on the .8471 recent low and there is a risk of a slide to the 200 week ma at .8397. Key Quotes “Initial resistance lies at .8722 (22nd February high) and.8842 (200 day ma). While capped here, a negative bias remains.” “The market is expected to struggle on rallies to the 200 day ma at .8842, and only above here allows for a move to the October .8941 high, which is expected to contain the topside.” 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/CAD eases from 2-week tops, but holds above 1.3400 handle FX Street 4 years Karen Jones, analyst at Commerzbank, points out that the EUR/GBP cross has seen complete rejection from the 55 day ma at .8707, which leaves the attention on the .8471 recent low and there is a risk of a slide to the 200 week ma at .8397. Key Quotes "Initial resistance lies at .8722 (22nd February high) and.8842 (200 day ma). While capped here, a negative bias remains." "The market is expected to struggle on rallies to the 200 day ma at .8842, and only above here allows for a move to the October .8941 high, which is expected to contain… 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.
