EUR/GBP bulls are stepping up to the table. The cross has been held up at critical support and the focus is on the upside at this juncture. EUR/GBP is on the verge of a significant upside correction and the following illustrates were the hourly chart’s resistance needs to break first. Weekly chart Daily chart The daily chart has the price headed towards the 38.2% Fibonacci having met weekly support. Hourly chart The hourly chart shows that the price is moving into a bullish environment and will be expected to test the trendline resistance. A break of which and restest of what will then become a counter trendline would lead to the anticipation of a bullish impulse to the target. 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/CHF Price Analysis: Bears can ignore SNB official-led bounce towards 0.9300 FX Street 1 year EUR/GBP bulls are stepping up to the table. The cross has been held up at critical support and the focus is on the upside at this juncture. EUR/GBP is on the verge of a significant upside correction and the following illustrates were the hourly chart's resistance needs to break first. Weekly chart Daily chart The daily chart has the price headed towards the 38.2% Fibonacci having met weekly support. Hourly chart The hourly chart shows that the price is moving into a bullish environment and will be expected to test the trendline resistance. A break of which… 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.
