Bears in control below prior trendline support and 4th Sep’ highs at 0.9080. Brexit and ECB risks make case for an extension to 61.8% target. EUR/GBP has been holding at the bottom of the recent selloff from the august highs up in the 0.93’s and has based on the way to the 50% mean reversion of the late April to Aug swing highs. The prospects for a deeper reversal is on the cards so long as the ECB doesn’t disappoint and markets continue to discount the had-Brexit risk, which then opens prospects of the 61.8% Fininacci target and the 200-Day moving average targets between 0.8840 and 0.8810. On the upside, bulls can look to the prior trendline support and 4th Sep’ highs at 0.9080. Daily 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 Gold: Sidelined in Asia amid rise in US yields FX Street 4 years Bears in control below prior trendline support and 4th Sep' highs at 0.9080. Brexit and ECB risks make case for an extension to 61.8% target. EUR/GBP has been holding at the bottom of the recent selloff from the august highs up in the 0.93's and has based on the way to the 50% mean reversion of the late April to Aug swing highs. The prospects for a deeper reversal is on the cards so long as the ECB doesn't disappoint and markets continue to discount the had-Brexit risk, which then opens prospects of the 61.8% Fininacci target and the… 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.
