Having established lower highs (bearish pattern), the EUR/GBP pair is now flirting with a downside break of the key ascending trendline. Acceptance below the rising trendline would confirm a short-term bullish-to-bearish trend change and would allow a deeper drop to 0.8817 (200-day moving average). Hourly chart Spot Rate: 0.8888 Daily High: 0.8893 Daily Low: 0.8883 Trend: Bearish below rising trendline Resistance R1: 0.8899 (10-day moving average) R2: 0.8936 (July 31 high) R3: 0.8958 (July 20 high) Support S1: 0.8884 (rising trendline support) S2: 0.8865 (July 26 low) S3: 0.8824 (50-day moving average) 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 US: ISM manufacturing index softens in July – Nomura FX Street 5 years Having established lower highs (bearish pattern), the EUR/GBP pair is now flirting with a downside break of the key ascending trendline. Acceptance below the rising trendline would confirm a short-term bullish-to-bearish trend change and would allow a deeper drop to 0.8817 (200-day moving average). Hourly chart Spot Rate: 0.8888 Daily High: 0.8893 Daily Low: 0.8883 Trend: Bearish below rising trendline Resistance R1: 0.8899 (10-day moving average) R2: 0.8936 (July 31 high) R3: 0.8958 (July 20 high) Support S1: 0.8884 (rising trendline support) S2: 0.8865 (July 26 low) S3: 0.8824 (50-day moving average) 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.
