EUR/GBP has seen a sharp rejection of the 21 and 55-day averages and below 0.8971 should see a test of the July low at 0.8937, removal of which would mark a top, according to the Credit Suisse analyst team. The pair is currently trading near the initial resistance at 0.8997, though. Key quotes “A break of the low of the past week at 0.8985 /71 is seen likely to expose the 0.8937 July low. Below here would see a bearish ‘double top’ complete to mark a more important swing lower with support then seen next at 0.8909, then more importantly at 0.8866/64 – the ‘neckline’ to the April/May base, June lows and 61.8% retracement of the April/June rally. Whilst we would look for this to hold at first, a break in due course can see support at 0.8779 next.” “Resistance is seen at 0.8997 initially, with the immediate risk seen lower whilst below 0.9024/30. Above can see a move back to 0.9048, then 0.9060/65, but only above this latter area would see the risk turn back higher in the range.” 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 German ZEW Economic Sentiment beats with 71.5 in August, Current Conditions fall to -81.3 FX Street 2 years EUR/GBP has seen a sharp rejection of the 21 and 55-day averages and below 0.8971 should see a test of the July low at 0.8937, removal of which would mark a top, according to the Credit Suisse analyst team. The pair is currently trading near the initial resistance at 0.8997, though. Key quotes “A break of the low of the past week at 0.8985 /71 is seen likely to expose the 0.8937 July low. Below here would see a bearish ‘double top’ complete to mark a more important swing lower with support then seen next at 0.8909, then more importantly… 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.