EUR/GBP continues in a consolidation range, near monthly high, within a bullish trend. A close above 0.9060 should open the doors to further gains. Critical support for the euro is seen in the 0.8975/0.8960 band. The EUR/GBP pair dropped on Thursday to 0.9000 but it quickly bounced back toward 0.9050. It continued to trade in the consolidation range between 0.9000 and the 0.9070 area. The trend points to the upside, but the euro needs a firm break above 0.9070 in order to clear the way to more gains. The upside bias stays in place as long as EUR/GBP keeps 0.8960. The immediate support is located at 0.9000; a break lower would clear the way for a bearish correction to test the 21-day moving average and an uptrend lined. The mentioned levels, between 0.8975 and 0.8960, are the critical support that if broken, would negate the current constructive perspective. EUR/GBP daily 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 AUD/USD has consolidated into a triangle pattern and 0.6850 looks like a key level FX Street 2 years EUR/GBP continues in a consolidation range, near monthly high, within a bullish trend. A close above 0.9060 should open the doors to further gains. Critical support for the euro is seen in the 0.8975/0.8960 band. The EUR/GBP pair dropped on Thursday to 0.9000 but it quickly bounced back toward 0.9050. It continued to trade in the consolidation range between 0.9000 and the 0.9070 area. The trend points to the upside, but the euro needs a firm break above 0.9070 in order to clear the way to more gains. The upside bias stays in place as long as EUR/GBP keeps 0.8960.… 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.
