EUR/GBP bulls tried to break above the 0.8800 level on Monday but the move up is lacking bullish momentum. It is worth recalling EUR/GBP was unable to conclusively break above the 0.8800 last week. EUR/GBP is trading within a bullish channel, however, bears see it as a bear flag which can potentially breakout to the downside. On the flip side, a strong bull breakout above 0.8800 can lead to a retest of the 0.8822-0.8840 area, the 200-day simple moving average and supply level. EUR/GBP 15-minute chart Spot rate: 0.8798 Relative change: 0.11% High: 0.8811 Low: 0.8780 Trend: Neutral Resistance 1: 0.8800 figure Resistance 2: 0.8822-0.8840 area, 200-day SMA and supply level Resistance 3: 0.8861 weekly 50-period SMA Support 1: 0.8763 daily 50-period SMA Support 2: 0.8720, June low Support 3: 0.8700 figure Support 4: 0.8620 April 17 swing 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 Breaking News: Treasury Sec. Mnuchin: Stories on investment restrictions in Bloomberg & WSJ are false FX Street 3 years EUR/GBP bulls tried to break above the 0.8800 level on Monday but the move up is lacking bullish momentum. It is worth recalling EUR/GBP was unable to conclusively break above the 0.8800 last week. EUR/GBP is trading within a bullish channel, however, bears see it as a bear flag which can potentially breakout to the downside. On the flip side, a strong bull breakout above 0.8800 can lead to a retest of the 0.8822-0.8840 area, the 200-day simple moving average and supply level. EUR/GBP 15-minute chart Spot rate: 0.8798 Relative change: … Top 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.
