EUR/GBP has followed its bearish “reversal day” with the completion of a top below 0.8626/21 to confirm the risk has indeed turned lower again, the Credit Suisse analyst team reports. Below 0.8626/21, EUR/GBP suggest the base has been negated and that the recovery is already over “EUR/GBP maintains the weak tone following its bearish ‘reversal day’ on Friday and support at 0.8626/21 has been removed with ease. This sees a small top complete which should confirm the recent basing effort has indeed been negated, with the decline having already extended to just shy of initial support at 0.8578. 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.” “Big picture, we suspect an eventual test of the 2019/2020 lows at 0.8281/39 will be staged.” “Resistance is seen at 0.8629 initially, with a break above 0.8674 needed to ease the immediate downside bias for a move back to 0.8699, then 0.8722. 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 Gold Price Analysis: XAU/USD remains pressured below $1770 amid higher Treasury yields FX Street 2 years EUR/GBP has followed its bearish "reversal day" with the completion of a top below 0.8626/21 to confirm the risk has indeed turned lower again, the Credit Suisse analyst team reports. Below 0.8626/21, EUR/GBP suggest the base has been negated and that the recovery is already over "EUR/GBP maintains the weak tone following its bearish 'reversal day' on Friday and support at 0.8626/21 has been removed with ease. This sees a small top complete which should confirm the recent basing effort has indeed been negated, with the decline having already extended to just shy of initial support at 0.8578. Whilst we… 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.