“¢ The cross struggled to build on overnight bullish breakthrough a nine-month-old descending trend-line resistance and has now snapped four consecutive days of winning streak. “¢ The corrective fall has now dragged the pair below a short-term ascending trend-line on the 1-hourly chart, albeit bulls have managed to hold the cross above 50-hour SMA support. “¢ A subsequent below 23.6% Fibonacci retracement level of the 0.8817-0.8958 this week’s upsurge might prompt some additional long-unwinding trade on the last trading day of the week. EUR/GBP 1-hourly chart Spot rate: 0.8936 Daily High: 0.8958 Trend: Short-term bearish Resistance R1: 0.8958 (current day swing high) R2: 0.8989 (R2 daily pivot-point) R3: 0.9000 (psychological round figure mark) Support S1: 0.8913 (9-month old trend-line resistance break-point) S2: 0.8881 (S2 daily pivot-point) S3: 0.8822 (200-day SMA) 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 GBP futures: probable consolidation near term FX Street 5 years "¢ The cross struggled to build on overnight bullish breakthrough a nine-month-old descending trend-line resistance and has now snapped four consecutive days of winning streak. "¢ The corrective fall has now dragged the pair below a short-term ascending trend-line on the 1-hourly chart, albeit bulls have managed to hold the cross above 50-hour SMA support. "¢ A subsequent below 23.6% Fibonacci retracement level of the 0.8817-0.8958 this week's upsurge might prompt some additional long-unwinding trade on the last trading day of the week. EUR/GBP 1-hourly chart Spot rate: 0.8936 Daily High: 0.8958 Trend:… 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.
