EUR/GBP has stabilized above its 21-day average at 0.9085/79 and analysts at Credit Suisse view weakness as corrective ahead of a move back to 0.9292. Key quotes “EUR/GBP has found support as expected from the 21-day exponential average and 50% retracement of the September rally at 0.9089/79 and although we would still not rule out an overshoot to the 55-day average at 0.9041, our bias remains to look for a fresh floor here for a resumption of the core uptrend.” “Resistance is seen at 0.9172/82 initially, with a break above 0.9209 needed to see the risk turn higher again for strength back to the recent high and top of the trend channel from late April at 0.9292 and 0.9307 respectively.” “Immediate support moves to 0.9114, with 0.9085/77 now ideally holding. Below can see weakness extend to the 55-day average at 0.9041/34, but with a close below here needed to suggest the broader trend has turned sideways again with support then seen next at 0.8967/56 and more importantly at 0.8894/87.” 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 UK’s Chief Scientific Adviser: In a situation where numbers are clearly increasing FX Street 2 years EUR/GBP has stabilized above its 21-day average at 0.9085/79 and analysts at Credit Suisse view weakness as corrective ahead of a move back to 0.9292. Key quotes “EUR/GBP has found support as expected from the 21-day exponential average and 50% retracement of the September rally at 0.9089/79 and although we would still not rule out an overshoot to the 55-day average at 0.9041, our bias remains to look for a fresh floor here for a resumption of the core uptrend.” “Resistance is seen at 0.9172/82 initially, with a break above 0.9209 needed to see the risk turn higher again for… 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.