“¢ The cross has been trending higher alongside an ascending trend-channel formation on the daily chart and has managed to hold above 0.8900 handle post-mixed German CPI print. “¢ With short-term technical indicators holding comfortably in positive territory, a follow-through up-move, towards the trend-channel resistance, remains a distinct possibility. “¢ A convincing break below 0.8865 horizontal zone would negate the bullish bias and open room for the resumption of the pair’s corrective slide from over four-month tops, set last week. EUR/GBP daily chart Spot rate: 0.8905 Daily Low: 0.8882 Trend: Bullish Resistance R1: 0.8925 (horizontal zone) R2: 0.8958 (over 4-month high set on July 20) R3: 0.8975 (ascending trend-channel hurdle) Support S1: 0.8882 (current day swing low) S2: 0.8864 (S2 daily pivot-point) S3: 0.8821 (200-day SMA) 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 USD/CAD drops to mid-1.30s as WTI recovers to $70 FX Street 5 years "¢ The cross has been trending higher alongside an ascending trend-channel formation on the daily chart and has managed to hold above 0.8900 handle post-mixed German CPI print. "¢ With short-term technical indicators holding comfortably in positive territory, a follow-through up-move, towards the trend-channel resistance, remains a distinct possibility. "¢ A convincing break below 0.8865 horizontal zone would negate the bullish bias and open room for the resumption of the pair's corrective slide from over four-month tops, set last week. EUR/GBP daily chart Spot rate: 0.8905 Daily Low: 0.8882 Trend: Bullish Resistance R1:… 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.
