Bears broke below the 0.8712 swing low potentially opening the gates to further losses towards the 0.8600 handle. Bears will need a strong bear breakout and close below the 0.8700 and the 0.8680 level (April 26 low) in the coming sessions. Although the momentum is bearish, a close above 0.8740 (Tuesday’s high) could endanger the bear scenario. EUR/GBP 15-minute chart Spot rate: 0.8705 Relative change: -0.32% High: 0.8741 Low: 0.8697 Trend: Bearish Support 1: 0.8680-0.8697 current Tuesday’s low and April 26 low Support 2: 0.8712 May 17 low Support 3: 0.8680 April 26 low Support 4: 0.8620 April 17 low Resistance 1: 0.8740 Tuesday’s high Resistance 2: 0.8799 May 23 high Resistance 3: 0.8844 May 4 high 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 GBP/JPY plummets to 8-month lows at 143.20 on risk aversion FX Street 5 years Bears broke below the 0.8712 swing low potentially opening the gates to further losses towards the 0.8600 handle. Bears will need a strong bear breakout and close below the 0.8700 and the 0.8680 level (April 26 low) in the coming sessions. Although the momentum is bearish, a close above 0.8740 (Tuesday's high) could endanger the bear scenario. EUR/GBP 15-minute chart Spot rate: 0.8705 Relative change: -0.32% High: 0.8741 Low: … 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.
