Axel Rudolph, Senior FICC Technical Analyst at Commerzbank, suggested occasional bullish attempts in the European cross should meet initial hurdle in the 0.8630 area. Key Quotes “EUR/GBP has at last started to correct higher near term. We still have positive divergence on the daily RSI and may thus bounce near term. Rallies will find a minor downtrend at .8633 ahead of the four month downtrend line at .8795. Overhead resistance is reinforced by .8786 the mid-September low”. “Beyond this there is scope for the slide to extend to the .8465 2019 low. We note the TD support at .8485 and we look for the market to hold here”. 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 US Dollar Index Technical Analysis: Keeps the recovery in place. Targets the 98.50 region. FX Street 3 years Axel Rudolph, Senior FICC Technical Analyst at Commerzbank, suggested occasional bullish attempts in the European cross should meet initial hurdle in the 0.8630 area. Key Quotes "EUR/GBP has at last started to correct higher near term. We still have positive divergence on the daily RSI and may thus bounce near term. Rallies will find a minor downtrend at .8633 ahead of the four month downtrend line at .8795. Overhead resistance is reinforced by .8786 the mid-September low". "Beyond this there is scope for the slide to extend to the .8465 2019 low. We note the TD support at .8485 and… 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.
