EUR/GBP trades 0.29% higher on Monday as investors choose the EUR as the next best currency. There has also been a trendline break on the daily chart which looks bullish. EUR/GBP daily chart EUR/GBP has been pushing higher on Monday. As the US dollar was weakened it became the battle of who is the strongest against the greenback. The EUR seems to be the prefered choice for FX traders. On the fundamental side, the pound is still struggling with Brexit issues and the Bank of England is pondering negative interest rates too. Looking closer at the chart, the black downward sloping trendline has been broken to the upside. This was not the main resistance point, the previous wave high at 0.9172 has more significance and if it breaks it would continue the pattern of higher high higher lows. Beyond that, the blue line at 0.9324 is a good resistance too from a prominent reversal point in the past. The indicators are looking bullish. The MACD histogram is green and the signal lines are above the midpoint. The Relative Strength Index is also looking positive as it is above the 50 line and heading to the overbought zone. Additional levels 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 NZD/USD goes into consolidation below 0.6700, looks to post highest daily close of 2020 FX Street 3 years EUR/GBP trades 0.29% higher on Monday as investors choose the EUR as the next best currency. There has also been a trendline break on the daily chart which looks bullish. EUR/GBP daily chart EUR/GBP has been pushing higher on Monday. As the US dollar was weakened it became the battle of who is the strongest against the greenback. The EUR seems to be the prefered choice for FX traders. On the fundamental side, the pound is still struggling with Brexit issues and the Bank of England is pondering negative interest rates too. Looking closer at the chart, the black downward… 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.
