EUR/GBP marks third failure to stay strong beyond 0.9050. Bullish MACD questions downside past-0.9000 whereas 0.9080 acts as additional upside barriers. EUR/GBP drops to 0.9040 while heading into Thursday’s European session. In doing so, the Euro cross fails to keep the previous two days’ upside momentum while taking a U-turn from a downward slopping trend line stretched from July 31. Other than the trend line resistance, RSI conditions are also in favor of the sellers targeting the 0.9000 threshold. However, the pair’s additional weakness will be questioned by bullish MACD and multiple supports around 0.8980, which if ignored could highlight the monthly low of 0.8969 as extra support. Meanwhile, an upside clearance of the said resistance line around 0.9055 will confront 0.9080 horizontal resistance including multiple levels marked during late-July. Should the bulls manage to cross 0.9080, July month’s top of 0.9148 will become their favorite. EUR/GBP four-hour chart Trend: Pullback expected 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 Forex Today: Dollar retreats after auction, gold rising amid fiscal impasse, focus on jobless claims FX Street 2 years EUR/GBP marks third failure to stay strong beyond 0.9050. Bullish MACD questions downside past-0.9000 whereas 0.9080 acts as additional upside barriers. EUR/GBP drops to 0.9040 while heading into Thursday’s European session. In doing so, the Euro cross fails to keep the previous two days’ upside momentum while taking a U-turn from a downward slopping trend line stretched from July 31. Other than the trend line resistance, RSI conditions are also in favor of the sellers targeting the 0.9000 threshold. However, the pair’s additional weakness will be questioned by bullish MACD and multiple supports around 0.8980, which if ignored could highlight… 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.
