“¢ Over the past one week or so, every attempted recovery moves have been sold into near 200-hour SMA, though bullish trader showed some resilience near mid-0.8800s. “¢ Technical indicators on hourly/daily charts have been gaining negative momentum and support prospects for an extension of the near-term bearish trajectory. “¢ Traders, however, are likely to wait for a convincing break through the mentioned support before positioning for any further depreciating slide in the near-term. EUR/GBP 1-hourly chart Spot Rate: 0.8867 Daily High: 0.8876 Daily Low: 0.8854 Trend: Bearish below mid-0.8800s Resistance R1: 0.8883 (daily pivot-point) R2: 0.8895 (horizontal zone) R3: 0.8918 (weekly tops set in the previous session) Support S1: 0.8854 (current day swing low) S2: 0.8840 (200-day SMA) S3: 0.8823 (S2 daily pivot-point) 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 Litecoin price analysis: LTC/USD recovery capped by broken trendline FX Street 4 years "¢ Over the past one week or so, every attempted recovery moves have been sold into near 200-hour SMA, though bullish trader showed some resilience near mid-0.8800s. "¢ Technical indicators on hourly/daily charts have been gaining negative momentum and support prospects for an extension of the near-term bearish trajectory. "¢ Traders, however, are likely to wait for a convincing break through the mentioned support before positioning for any further depreciating slide in the near-term. EUR/GBP 1-hourly chart Spot Rate: 0.8867 Daily High: 0.8876 Daily Low: 0.8854 Trend: Bearish below mid-0.8800s 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.
