EUR/GBP is trading in a bear trend below the 200-period simple moving average on the 4-hour chart. EUR/GBP is having a pullback up as the market is attempting to form a rounding bottom. The RSI, MACD and Stochastic are rising and constructive to the upside in the near term. Resistance can be expected now at 0.8764 (June 8 low) and if broken at the 0.8800 figure where investors will gauge whether to resume the bear trend or letting the bullish pullback extend towards 0.8847 (September 20 low ). EUR/GBP 4-hour chart Spot rate: 0.8763 Relative change: 0.37% High: 0.8766 Low: 0.8729 Main Trend: Bearish Short-term trend: Bullish Resistance 1: 0.8764 June 8 low Resistance 2: 0.8800 figure Resistance 3: 0.8847 September 20 low Resistance 4: 0.8876 September 11 low Support 1: 0.8700 May low Support 2: 0.8620 current 2018 low Support 3: 0.8400 May 2017 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 pulls away from 10-day highs, stays in green above 1.1550 FX Street 4 years EUR/GBP is trading in a bear trend below the 200-period simple moving average on the 4-hour chart. EUR/GBP is having a pullback up as the market is attempting to form a rounding bottom. The RSI, MACD and Stochastic are rising and constructive to the upside in the near term. Resistance can be expected now at 0.8764 (June 8 low) and if broken at the 0.8800 figure where investors will gauge whether to resume the bear trend or letting the bullish pullback extend towards 0.8847 (September 20 low ). EUR/GBP 4-hour chart Spot rate: … 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.
