EUR/GBP refreshes monthly high after crossing 21-day SMA. MACD also teases the bulls for the first time in August. A two-month-old support line acts as an additional downside filter. EUR/GBP rises to 0.9060, up 0.11% on a day, during the pre-European session on Monday. The Euro cross refreshes the monthly top while trading beyond 21-day SMA, also flashing mildly bullish MACD signal. This pushes the buyers towards attacking the 0.9100 threshold. Though, a downward sloping trend line from June 29, at 0.9130 now, will challenge the pair’s further upside. Should there be a clear run-up past-0.9130, June month’s top near 0.9175 and 0.9200 round-figures will be in the spotlight. On the contrary, a downside break below the 21-day SMA level of 0.9147 can gradually fetch the quote back to 0.9000 psychological magnet and an ascending trend line from June 16, currently around 0.8970. Assuming the pair’s sustained downside past-0.8970, 61.8% Fibonacci retracement of its April-June upside, near 0.8865, will become the bears’ favorite. EUR/GBP daily chart Trend: Further upside 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: US dollar drops with yields amid cautious optimism, Gold licks wounds FX Street 2 years EUR/GBP refreshes monthly high after crossing 21-day SMA. MACD also teases the bulls for the first time in August. A two-month-old support line acts as an additional downside filter. EUR/GBP rises to 0.9060, up 0.11% on a day, during the pre-European session on Monday. The Euro cross refreshes the monthly top while trading beyond 21-day SMA, also flashing mildly bullish MACD signal. This pushes the buyers towards attacking the 0.9100 threshold. Though, a downward sloping trend line from June 29, at 0.9130 now, will challenge the pair’s further upside. Should there be a clear run-up past-0.9130, June month’s top near… 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.
