EUR/GBP tried to break above the 0.8800 level but bears are now selling EUR/GBP as it broke near weekly highs. If bears are successful traders should expect a rotation down towards 0.8761, the daily 50-period simple moving average. If bulls can keep the market afloat the next target is likely located near the 0.8826-0.8840 area, the 200-day SMA and last week’s high. EUR/GBP 15-minute chart Spot rate: 0.8792 Relative change: 0.32% High: 0.8807 Low: 0.8751 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: 0.8761 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 Eurozone: EC meeting and inflation – Danske Bank FX Street 4 years EUR/GBP tried to break above the 0.8800 level but bears are now selling EUR/GBP as it broke near weekly highs. If bears are successful traders should expect a rotation down towards 0.8761, the daily 50-period simple moving average. If bulls can keep the market afloat the next target is likely located near the 0.8826-0.8840 area, the 200-day SMA and last week's high. EUR/GBP 15-minute chart Spot rate: 0.8792 Relative change: 0.32% High: 0.8807 Low: … 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.
