Correction in EUR/GBP from monthly highs finds support around 0.9000. Technical indicators starting to favor the upside, euro to gain momentum above 0.9070. The EUR/GBP pair reached levels under 0.9000 on Friday but it quickly rebounded back above. On Monday it surged, recovering levels above 0.9050. The move higher was capped by 0.9070. The euro completed a pullback to the 0.9000 area and it rebounded. A consolidation above 0.9070 could activate more gains in line with the dominant trend. The next resistance stands at 0.9100 followed by 0.9130. A firm decline below 0.9000 would clear the way for an extension of the bearish correction from 0.9176 (June 29 high), with the immediate target at 0.8940. 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 USD/JPY Price Analysis: Does the pair follow the rise in stocks or the weakness in the dollar? FX Street 3 years Correction in EUR/GBP from monthly highs finds support around 0.9000. Technical indicators starting to favor the upside, euro to gain momentum above 0.9070. The EUR/GBP pair reached levels under 0.9000 on Friday but it quickly rebounded back above. On Monday it surged, recovering levels above 0.9050. The move higher was capped by 0.9070. The euro completed a pullback to the 0.9000 area and it rebounded. A consolidation above 0.9070 could activate more gains in line with the dominant trend. The next resistance stands at 0.9100 followed by 0.9130. A firm decline below 0.9000 would clear the way for an extension… 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.
