A descending trend-line stretched late-March could offer immediate resistance with overbought RSI challenging the sentiment. The British Pound (GBP) bears the burden of the UK’s political uncertainty. With an upward sloping trend-line portraying the pair’s strength, EUR/GBP is on the bids near 0.8635 during early Friday. The pair now heads towards seven-week-old trend-line resistance at 0.8660 but overbought levels of 14-bar relative strength index (RSI) could challenge buyers, if not then 0.8680 and 0.8700 can flash as quotes. Further, the pair’s extended rise above 0.8700 gives rise to its up-moves to March highs near 0.8725. Meanwhile, a downside break of 0.8625 support-line can drag prices to 50% Fibonacci retracement of March month upside, at 0.8600 ahead of highlighting 0.8570 marks including 61.8% Fibonacci retracement. During the quote’s extended south-run under 0.8570, 0.8540 and 0.8500 should become bears’ favorites. EUR/GBP 4-Hour 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 RBA SoMP: Growth and inflation forecasts cut – Westpac FX Street 3 years A descending trend-line stretched late-March could offer immediate resistance with overbought RSI challenging the sentiment. The British Pound (GBP) bears the burden of the UK's political uncertainty. With an upward sloping trend-line portraying the pair's strength, EUR/GBP is on the bids near 0.8635 during early Friday. The pair now heads towards seven-week-old trend-line resistance at 0.8660 but overbought levels of 14-bar relative strength index (RSI) could challenge buyers, if not then 0.8680 and 0.8700 can flash as quotes. Further, the pair's extended rise above 0.8700 gives rise to its up-moves to March highs near 0.8725. Meanwhile, a downside break of… 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.
