EUR/GBP is falling on Friday as it found strong resistance at the 0.8800 handle (multi-day’s top) and the daily 100-period simple moving average. Support is expected in the 0.8730-0.8740 region as it is both last week and Wednesday’s low. Key support is seen at the 0.8700 handle which is the current week’s low and figure. It is worth noting that 0.8700 is also a multi-month support since June 2017. The trend is neutral on EUR/GBP which has been trading in a narrow range for the whole month of May, oscillating between the 0.8840 resistance and the 0.8700 support. Traders are advised to adapt their trading strategies to a trading range market environment. Spot rate: 0.8739 Relative change: -0.64% High: 0.8811 Low: 0.8726 Trend: Neutral Support 1: 0.8730-0.8740 region, last week’s low and Wednesday’s low Support 2: 0.8700 multi-month low and current week’s low Support 3: 0.8620 April 17 low Resistance 1: 0.8760, 200-period simple moving averages (4-hour) Resistance 2: 0.8811 current Friday’s high Resistance 3: 0.8844 May 4 high 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/GBP: Budget of Italy’s new government has introduced downside risks – Rabobank FX Street 5 years EUR/GBP is falling on Friday as it found strong resistance at the 0.8800 handle (multi-day's top) and the daily 100-period simple moving average. Support is expected in the 0.8730-0.8740 region as it is both last week and Wednesday's low. Key support is seen at the 0.8700 handle which is the current week's low and figure. It is worth noting that 0.8700 is also a multi-month support since June 2017. The trend is neutral on EUR/GBP which has been trading in a narrow range for the whole month of May, oscillating between the 0.8840 resistance and the 0.8700 support. Traders… 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.
