EUR/GBP reached the 0.8868 support from which EUR/GBP had a 20-pip bounce up. EUR/GBP is having trouble to trade again its 200-period simple moving average which is acting as dynamic resistance. EUR/GBP is now trading for the second day in a row in the 0.8868-0.8900 range and Thursday might close virtually unchanged suggesting that the bearish correction is slightly slowing down but there is no sign of a bottom just yet. EUR/GBP 15-minute chart Spot rate: 0.8883 Relative change: -0.09% High: 0.8897 Low: 0.8864 Trend: Bullish / Bearish correction 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 EUR/USD: 1.15-1.21 range to remain in place – Danske Bank FX Street 5 years EUR/GBP reached the 0.8868 support from which EUR/GBP had a 20-pip bounce up. EUR/GBP is having trouble to trade again its 200-period simple moving average which is acting as dynamic resistance. EUR/GBP is now trading for the second day in a row in the 0.8868-0.8900 range and Thursday might close virtually unchanged suggesting that the bearish correction is slightly slowing down but there is no sign of a bottom just yet. EUR/GBP 15-minute chart Spot rate: 0.8883 Relative change: -0.09% 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.
