EUR/GBP is taking the bids around 0.8580 while heading towards European session on Tuesday. The pair continues to remain supported by a three-week-old upward sloping trend-line stretched since March 14. Though, 0.8595 – 0.8600 region including 50% Fibonacci retracement of March 13 to 21 advances is likely important resistance to watch. Should prices rally beyond 0.8600, 0.8640 and 0.8670 might entertain buyers ahead of pleasing them with 0.8700 and 0.8720 resistance levels. In a case when the quote slips under 0.8540 support-line, 0.8500 and 0.8470 could quickly appear on the chart. It should also be noted that 61.8% Fibonacci expansion of January 11 to March 21 moves, near 0.8360, can become sellers’ favorite if they dominate sentiment under 0.8470. EUR/GBP hourly chart 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 Hungary: All eyes on Monetary Council today – TDS FX Street 4 years EUR/GBP is taking the bids around 0.8580 while heading towards European session on Tuesday. The pair continues to remain supported by a three-week-old upward sloping trend-line stretched since March 14. Though, 0.8595 - 0.8600 region including 50% Fibonacci retracement of March 13 to 21 advances is likely important resistance to watch. Should prices rally beyond 0.8600, 0.8640 and 0.8670 might entertain buyers ahead of pleasing them with 0.8700 and 0.8720 resistance levels. In a case when the quote slips under 0.8540 support-line, 0.8500 and 0.8470 could quickly appear on the chart. It should also be noted that 61.8% Fibonacci expansion… 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.
