The 0.8839 level is expected to hold the decline in the European cross, noted Karen Jones, Head of FICC Technical Analysis at Commerzbank. Key Quotes “EUR/GBP is weighing on key support which extends down to the 200 day ma at .8839, ideally this will hold the downside and provoke recovery. We should then see a rally to the .9011 level and the August high at .9031″. “Above .9011/31 sits the .9101 August high. Above there would target the .9161 Fibonacci resistance and then the .9291 2009-2018 downtrend line”. 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 GBP/USD neutral, could still test 1.2900 – UOB FX Street 4 years The 0.8839 level is expected to hold the decline in the European cross, noted Karen Jones, Head of FICC Technical Analysis at Commerzbank. Key Quotes "EUR/GBP is weighing on key support which extends down to the 200 day ma at .8839, ideally this will hold the downside and provoke recovery. We should then see a rally to the .9011 level and the August high at .9031". "Above .9011/31 sits the .9101 August high. Above there would target the .9161 Fibonacci resistance and then the .9291 2009-2018 downtrend line". 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.
