After making a spike to 0.9070 on Monday, EUR/GBP reversed sharply. Set up favors more losses ahead if cross holds under 0.9000. The EUR/GBP broke below 0.9000 and also under an uptrend line, leaving the euro vulnerable to more losses. So far, it bottomed at 0.8965. and then rebounded. As long as it stays below 0.9000 the bias would favor more losses. The area around 0.8955 is the immediate support followed by 0.8920. The EUR/GBP set up an imperfect head and shoulders formation that if confirmed, would target 0.8850. A recovery back above 0.9000 should alleviate the bearish pressure. If EUR/GBP surpasses the 0.9060/70 area, the euro could extend gains for a test of 0.9100. EUR/GBP 4-hour chart 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 Japan is in talks with the UK, France & other potential partners to jointly buy coronavirus vaccine – Nikkei FX Street 3 years After making a spike to 0.9070 on Monday, EUR/GBP reversed sharply. Set up favors more losses ahead if cross holds under 0.9000. The EUR/GBP broke below 0.9000 and also under an uptrend line, leaving the euro vulnerable to more losses. So far, it bottomed at 0.8965. and then rebounded. As long as it stays below 0.9000 the bias would favor more losses. The area around 0.8955 is the immediate support followed by 0.8920. The EUR/GBP set up an imperfect head and shoulders formation that if confirmed, would target 0.8850. A recovery back above 0.9000 should alleviate the bearish pressure. If… 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.
