“¢ After Friday’s sharp intraday pull-back, the cross regained positive traction on the first trading day of the week and is now looking to extend the momentum beyond 200-hour SMA. “¢ The fact that the cross managed to find acceptance above 100-hour SMA and 50% Fibo. level of the 0.8655-0.8471 slide turned out to be a key trigger for intraday bullish traders. “¢ Bullish oscillators on the 1-hourly chart remained supportive of the up-move but are gradually moving into slightly overbought territory and might keep a lid on further gains. “¢ Moreover, technical indicators on the daily chart are yet to catch up with the positive momentum and further warrant caution before placing any aggressive near-term bullish bets. “¢ Hence, it would be prudent to wait for a sustained strength beyond 61.8% Fibo. level for a follow-through move beyond the 0.8600 handle towards testing the 0.8630-35 supply zone. EUR/GBP 1-hourly chart EUR/GBP Overview: Today Last Price: 0.8568 Today Daily change %: 0.54% Today Daily Open: 0.8522 Trends: Daily SMA20: 0.861 Daily SMA50: 0.8728 Daily SMA100: 0.8816 Daily SMA200: 0.885 Levels: Previous Daily High: 0.8576 Previous Daily Low: 0.8509 Previous Weekly High: 0.8678 Previous Weekly Low: 0.847 Previous Monthly High: 0.8842 Previous Monthly Low: 0.8529 Daily Fibonacci 38.2%: 0.8535 Daily Fibonacci 61.8%: 0.855 Daily Pivot Point S1: 0.8496 Daily Pivot Point S2: 0.8469 Daily Pivot Point S3: 0.8429 Daily Pivot Point R1: 0.8563 Daily Pivot Point R2: 0.8603 Daily Pivot Point R3: 0.863 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 Citigroup abandons plans to launch a cryptocurrency FX Street 4 years "¢ After Friday's sharp intraday pull-back, the cross regained positive traction on the first trading day of the week and is now looking to extend the momentum beyond 200-hour SMA. "¢ The fact that the cross managed to find acceptance above 100-hour SMA and 50% Fibo. level of the 0.8655-0.8471 slide turned out to be a key trigger for intraday bullish traders. "¢ Bullish oscillators on the 1-hourly chart remained supportive of the up-move but are gradually moving into slightly overbought territory and might keep a lid on further gains. "¢ … 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.
