EUR/GBP has completed a bearish “reversal day” to throw a serious question mark over the base with a break below 0.8626/21 needed to confirm the risk has indeed turned lower again, analysts at Credit Suisse inform. The risk looks to be turning lower with support seen at 0.8626/21 “Below 0.8626/21 is still needed to confirm the base has indeed been negated as this would also see a small top completed for a retreat back to 0.8578 initially. Whilst we would look for an initial hold here and eventual break should see a move back to the 0.8471/65 April low and then the ‘measured objective’ from the long-term top at 0.8430.” “Resistance is seen at 0.8651 initially, with a break above 0.8674 needed to ease the immediate downside bias for a move back to 0.8699, then .8722. Beyond here though is needed to see the ‘reversal day’ negated for a move to 0.8761 next.” 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 Tezos and SocGen team up to launch a security token, pushing XTZ price closer to break out FX Street 2 years EUR/GBP has completed a bearish "reversal day" to throw a serious question mark over the base with a break below 0.8626/21 needed to confirm the risk has indeed turned lower again, analysts at Credit Suisse inform. The risk looks to be turning lower with support seen at 0.8626/21 "Below 0.8626/21 is still needed to confirm the base has indeed been negated as this would also see a small top completed for a retreat back to 0.8578 initially. Whilst we would look for an initial hold here and eventual break should see a move back to the 0.8471/65 April low 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.
