EUR/GBP bulls are trying to breakout above 0.8840 resistance. EUR/GBP tight trading range price action is persisting once again this Monday as EUR/GBP is supported by the 200-day period simple moving average at the 0.8820 level. However, the buy and sell forces at work are very much in equilibrium and the directionality of the currency cross remains close to 50/50 at this stage. EUR/GBP 15-minute chart Spot rate: 0.8841 Relative change: 0.14% High: 0.8844 Low: 0.8816 Trend: Neutral Resistance 1: 0.8840 supply level Resistance 2: 0.8864-0.8870, weekly 50-period SMA and current weekly high Resistance 3: 0.8900 figure Resistance 4: 0.8967 March 7 high Support 1: 0.8820-0.8840 area, 200-day SMA Support 2: 0.8800 figure Support 3: 0.8780 daily 50-period SMA Support 4: 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 USD/CAD neutral near term – Scotiabank FX Street 5 years EUR/GBP bulls are trying to breakout above 0.8840 resistance. EUR/GBP tight trading range price action is persisting once again this Monday as EUR/GBP is supported by the 200-day period simple moving average at the 0.8820 level. However, the buy and sell forces at work are very much in equilibrium and the directionality of the currency cross remains close to 50/50 at this stage. EUR/GBP 15-minute chart Spot rate: 0.8841 Relative change: 0.14% High: 0.8844 Low:… 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.
