The European cross has now shifted its focus to the 0.8700 neighbourhood in light of the recent performance, noted Karen Jones, Head of FICC Technical Analysis at Commerzbank. Key Quotes “EUR/GBP has eroded the 2017-2018 support line at .8767 which leaves attention still on the 8700/.8697 June low. Failure here would target the .8620 2018 low. The sell-off has so far reached .8723, the 78.6% retracement and we are seeing a small rebound here – we will attempt to sell the rallies”. “Rallies will find initial resistance at .8836 200 day ma ahead of .8923 the 55 day ma and will now stay offered below 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 Ripple price analysis: XRP/USD 12% waterfall plunge threatens lifesaving support FX Street 4 years The European cross has now shifted its focus to the 0.8700 neighbourhood in light of the recent performance, noted Karen Jones, Head of FICC Technical Analysis at Commerzbank. Key Quotes "EUR/GBP has eroded the 2017-2018 support line at .8767 which leaves attention still on the 8700/.8697 June low. Failure here would target the .8620 2018 low. The sell-off has so far reached .8723, the 78.6% retracement and we are seeing a small rebound here - we will attempt to sell the rallies". "Rallies will find initial resistance at .8836 200 day ma ahead of .8923 the 55 day ma 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.
