EUR/GBP is evolving in a bull channel but has found resistance at the 0.8800 figure. A breakout above the 0.8800 level should lead to a test of the 0.8826-0.8840 area which is the daily 200-period simple moving average (SMA) and last week’s high. However, if the market repeatedly fails at the 0.8800 level, it is reasonable to expect a rotation down towards 0.8759, the daily 50-period SMA. EUR/GBP 15-minute chart Spot rate: 0.8787 Relative change: -0.11% High: 0.8803 Low: 0.8768 Trend: Neutral Resistance 1: 0.8800 figure Resistance 2: 0.8826-0.8840 area, 200-day SMA and last week’s high Resistance 3: 0.8861 weekly 50-period SMA Support 1: 0.8759 daily 50-period SMA Support 2: 0.8723, 5 June low Support 3: 0.8700 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 Japan to sign free trade agreement with the EU FX Street 5 years EUR/GBP is evolving in a bull channel but has found resistance at the 0.8800 figure. A breakout above the 0.8800 level should lead to a test of the 0.8826-0.8840 area which is the daily 200-period simple moving average (SMA) and last week's high. However, if the market repeatedly fails at the 0.8800 level, it is reasonable to expect a rotation down towards 0.8759, the daily 50-period SMA. EUR/GBP 15-minute chart Spot rate: 0.8787 Relative change: -0.11% 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.
