Stronger pound across the board favoured an extension of the EUR/GBP correction. Euro failed to break 0.9150 and to remain above 0.9130, leaving the cross vulnerable. The EUR/GBP is falling on Tuesday after rising during five consecutive days. It is correcting lower. The trend continues to point to the upside, but the momentum eased, and there are signs of exhaustion. The euro needs to post a daily close clearly above 0.9130/40 to clear the way to more gains and to a test of monthly highs and the 0.9200 area. If the corrections extend, the critical level on is seen around the 0.9000/20 band, the confluence of a strong horizontal level, an uptrend line and the 50-day moving average. A break lower would point to more losses, with the next support at 0.8940. 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 Canada: Recent data makes more accommodative BoC policy less likely – TDS FX Street 3 years Stronger pound across the board favoured an extension of the EUR/GBP correction. Euro failed to break 0.9150 and to remain above 0.9130, leaving the cross vulnerable. The EUR/GBP is falling on Tuesday after rising during five consecutive days. It is correcting lower. The trend continues to point to the upside, but the momentum eased, and there are signs of exhaustion. The euro needs to post a daily close clearly above 0.9130/40 to clear the way to more gains and to a test of monthly highs and the 0.9200 area. If the corrections extend, the critical level on is seen around… 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.
