A sustained break of multi-month resistance-line propels EUR/GBP to nearly two-year highs. Overbought RSI might trigger the pair’s pullback to January tops. Though, bears are stopped unless clearing resistance-turned-support. Extending its break of 23-month old descending trend-line resistance, EUR/GBP surges to the highest since September 2017 as it takes the bids to 0.9187 ahead of the Europe markets’ open on Tuesday. The pair now aims for the year 2017 top surrounding 0.9308 with August 2017 high near 0.9270 acting as an intermediate halt during the additional rise. Against the move is overbought condition of 14-bar relative strength index (RSI), which in turn highlights the importance of January month top near 0.9120 as immediate support. If prices slip beneath 0.9120, 23.6% Fibonacci retracement of the year 2016 upside, at 0.9062, followed by the resistance-turned-support-line close to 0.9045, can entertain sellers. EUR/GBP weekly chart Trend: Bullish 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 Australia: Building approvals down in June – ANZ FX Street 4 years A sustained break of multi-month resistance-line propels EUR/GBP to nearly two-year highs. Overbought RSI might trigger the pair's pullback to January tops. Though, bears are stopped unless clearing resistance-turned-support. Extending its break of 23-month old descending trend-line resistance, EUR/GBP surges to the highest since September 2017 as it takes the bids to 0.9187 ahead of the Europe markets' open on Tuesday. The pair now aims for the year 2017 top surrounding 0.9308 with August 2017 high near 0.9270 acting as an intermediate halt during the additional rise. Against the move is overbought condition of 14-bar relative strength index (RSI), which… 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.
