EUR/GBP main bull trend is currently taking a breather. EUR/GBP grinding down below its 50, 100 and 200-period simple moving average while the RSI, MACD and Stochastics indicators are in bearish territories. All suggesting that bulls might not support the market near 0.8900 for much longer and the market can continue the slide down toward 0.8840 supply level and 0.8800 figure. A bull breakout above 0.8940 would invalidate the current bearish bias. EUR/GBP 4-hour chart Spot rate: 0.8890 Relative change: -0.04% High: 0.8905 Low: 0.8883 Main Trend: Bullish Resistance 1: 0.8896 August 14 swing low Resistance 2: 0.8940 August 14 high Resistance 3: 0.8974 September 6 low Resistance 4: 0.9000 figure Support 1: 0.8876 September 11 low Support 2: 0.8840 supply level Support 3: 0.8800 figure 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/USD: targeting 1.3209/12, ATR and RSI offer room to the upside, but bears lurk at channel resistance FX Street 5 years EUR/GBP main bull trend is currently taking a breather. EUR/GBP grinding down below its 50, 100 and 200-period simple moving average while the RSI, MACD and Stochastics indicators are in bearish territories. All suggesting that bulls might not support the market near 0.8900 for much longer and the market can continue the slide down toward 0.8840 supply level and 0.8800 figure. A bull breakout above 0.8940 would invalidate the current bearish bias. EUR/GBP 4-hour chart Spot rate: 0.8890 Relative change: -0.04% High: … 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.
