EUR/GBP trades near 0.8640 during early Thursday. Despite repeated attempts, the pair couldn’t clear 0.8680/85 horizontal resistance comprising current month high. As a result, chances of its pullback to 0.8590 support including lows marked on April 08 and 10 seem brighter. Though, 0.8620 may offer immediate halt during the downside. Should there be increased southward pressure on prices under 0.8590, 0.8560, 0.8515 and 0.8470 are likely consecutive rest-points to appear on the chart. Alternatively, 50% Fibonacci retracement of February to March decline near 0.8655 seem adjacent resistance ahead of 0.8680-85. Given the pair’s successful rally beyond 0.8685, 61.8% Fibonacci retracement near 0.8700 and 0.8740/45 horizontal-region can gain Bulls’ attention. EUR/GBP 4-Hour chart Trend: Bearish 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 Technical Analysis: Bullish divergence on the momentum indicators FX Street 4 years EUR/GBP trades near 0.8640 during early Thursday. Despite repeated attempts, the pair couldn't clear 0.8680/85 horizontal resistance comprising current month high. As a result, chances of its pullback to 0.8590 support including lows marked on April 08 and 10 seem brighter. Though, 0.8620 may offer immediate halt during the downside. Should there be increased southward pressure on prices under 0.8590, 0.8560, 0.8515 and 0.8470 are likely consecutive rest-points to appear on the chart. Alternatively, 50% Fibonacci retracement of February to March decline near 0.8655 seem adjacent resistance ahead of 0.8680-85. Given the pair's successful rally beyond 0.8685, 61.8% Fibonacci retracement… 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.
