“¢  Having dropped to over seven-month lows, the cross staged a modest recovery from a support marked by a short-term descending trend-channel.    “¢  Technical indicators on the 1-hourly chart have been gaining positive momentum and remained supportive of the pair’s rebound to the trend-channel resistance.    “¢  Meanwhile, technical indicators on 4-hourly and daily charts are still far from recovering from the bearish territory and might hinder any further recovery.   “¢  Hence, any subsequent recovery seems more likely to run out of the steam/meet with some fresh supply near the 0.8750 important horizontal resistance. EUR/GBP 1-hourly chart EUR/GBP Overview:     Last Price:  0.8716     Daily change:  8.0  pips     Daily change:  0.0919%     Daily Open:  0.8708 Trends:     Daily SMA20:  0.881     Daily SMA50:  0.8865     Daily SMA100:  0.8885     Daily SMA200:  0.8837 Levels:     Daily High:  0.8748     Daily Low:  0.8707     Weekly High:  0.8942     Weekly Low:  0.8757     Monthly High:  0.8942     Monthly Low:  0.8722     Daily Fibonacci 38.2%:  0.8723     Daily Fibonacci 61.8%:  0.8733     Daily Pivot Point S1:  0.8694     Daily Pivot Point S2:  0.868     Daily Pivot Point S3:  0.8652     Daily Pivot Point R1:  0.8735     Daily Pivot Point R2:  0.8762     Daily Pivot Point R3:  0.8776  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 (LTC/USD) in big trouble if it fails to move back above broken trend line FX Street 3 years   "¢  Having dropped to over seven-month lows, the cross staged a modest recovery from a support marked by a short-term descending trend-channel.    "¢  Technical indicators on the 1-hourly chart have been gaining positive momentum and remained supportive of the pair's rebound to the trend-channel resistance.    "¢  Meanwhile, technical indicators on 4-hourly and daily charts are still far from recovering from the bearish territory and might hinder any further recovery.   "¢  Hence, any subsequent recovery seems more likely to run out of the steam/meet with some fresh supply near the 0.8750… Top 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.
