The EUR/GBP pair is presently trading around 0.8580 ahead of European markets open on Friday. The pair is near to a weeklong downward sloping trend-line connecting highs of February 22 and 25, at 0.8585, that holds the gate for its rise in a direction to 0.8630. However, another descending resistance-line, which joins February 14 and 22 high around 0.8640, could challenge the buyers afterward. In a case when prices rally past-0.8640, 0.8670 and 0.8700 could mark their appearance on the chart. Meanwhile, 0.8565 and an ascending support-line, at 0.8560, seem adjacent supports for the pair, a break of which can drag the pair to 0.8645 and 0.8630. It should also be noted that the pair’s declines under 0.8630 may have tough time conquering 61.8% Fibonacci expansion of its moves since Feb. 26, near 0.8500. EUR/GBP hourly chart Additional importtant levels: Overview: Today Last Price: 0.858 Today Daily change: 4 pips Today Daily change %: 0.05% Today Daily Open: 0.8576 Trends: Daily SMA20: 0.8722 Daily SMA50: 0.8821 Daily SMA100: 0.8843 Daily SMA200: 0.886 Levels: Previous Daily High: 0.8586 Previous Daily Low: 0.8536 Previous Weekly High: 0.8768 Previous Weekly Low: 0.8665 Previous Monthly High: 0.8842 Previous Monthly Low: 0.8529 Daily Fibonacci 38.2%: 0.8567 Daily Fibonacci 61.8%: 0.8555 Daily Pivot Point S1: 0.8546 Daily Pivot Point S2: 0.8516 Daily Pivot Point S3: 0.8496 Daily Pivot Point R1: 0.8596 Daily Pivot Point R2: 0.8617 Daily Pivot Point R3: 0.8647 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 Forex Today: Yen weakest in Asia risk-on; focus on UK PMI, Eurozone CPI FX Street 4 years The EUR/GBP pair is presently trading around 0.8580 ahead of European markets open on Friday. The pair is near to a weeklong downward sloping trend-line connecting highs of February 22 and 25, at 0.8585, that holds the gate for its rise in a direction to 0.8630. However, another descending resistance-line, which joins February 14 and 22 high around 0.8640, could challenge the buyers afterward. In a case when prices rally past-0.8640, 0.8670 and 0.8700 could mark their appearance on the chart. Meanwhile, 0.8565 and an ascending support-line, at 0.8560, seem adjacent supports for the pair, a break of which can… 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.
