The EUR/GBP pair is expected to see a clear break above 0.8641 to confirm a near-term base and a deeper recovery to the 55-day average at 0.8732/38, the Credit Suisse analyst team reports. Key quotes “A sustained move above the high of last week at 0.8641 should confirm for a deeper recovery to 0.8659/69 initially, then back to what we see as tougher resistance from the late February high and 55-day average at 0.8732/38. We would look for a fresh cap here and a resumption of the broader downmove.” “Near-term support moves to 0.8597. Below 0.8574/69 is needed to clear the way for a fresh look at 0.8535/20. An eventual move below here can see a fall to the ‘measured objective’ from the 2020 top at 0.8430.” 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 Fed’s Bostic: Fed expected to lift rates in 2023 – WSJ FX Street 8 months The EUR/GBP pair is expected to see a clear break above 0.8641 to confirm a near-term base and a deeper recovery to the 55-day average at 0.8732/38, the Credit Suisse analyst team reports. Key quotes "A sustained move above the high of last week at 0.8641 should confirm for a deeper recovery to 0.8659/69 initially, then back to what we see as tougher resistance from the late February high and 55-day average at 0.8732/38. We would look for a fresh cap here and a resumption of the broader downmove." "Near-term support moves to 0.8597. Below 0.8574/69 is needed to… Top 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.
