EUR/GBP slid through the 0.8900 support and bears are now eyeing 0.8868, 13 July high. The 0.8900 level becomes now resistance for upside moves. The move lower on EUR/GBP was triggered by UK Prime Minister Theresa May announcing that she would take control of the Brexit negotiations while Parliament now takes a six-week summer recess which could give rise to a lift in the pound in the absence of further Brexit headlines. EUR/GBP is trading below its three main simple moving averages (50, 100 and 200) suggesting that the bias has switched to bearish for the time being. EUR/GBP 15-minute chart Spot rate: 0.8887 Relative change: -0.41% High: 0.8929 Low: 0.8885 Trend: Bullish / Risk of bearish reversal Resistance 1: 0.8900 July 9 high Resistance 2: 0.8933 July 18 high Resistance 3: 0.8967 March 7 high Resistance 4: 0.9013 November 12, 2017 high Support 1: 0.8868, 13 July high Support 2: 0.8840 supply level Support 3: 0.8820-0.8840 area, 200-day SMA Support 4: 0.8800 figure Support 5: 0.8780 daily 50-period SMA Support 6: 0.8764 June 8 low 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 Wall Street closes higher boosted by energy and tech FX Street 5 years EUR/GBP slid through the 0.8900 support and bears are now eyeing 0.8868, 13 July high. The 0.8900 level becomes now resistance for upside moves. The move lower on EUR/GBP was triggered by UK Prime Minister Theresa May announcing that she would take control of the Brexit negotiations while Parliament now takes a six-week summer recess which could give rise to a lift in the pound in the absence of further Brexit headlines. EUR/GBP is trading below its three main simple moving averages (50, 100 and 200) suggesting that the bias has switched to bearish for the time being. … 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.
