“¢ The cross struggled to capitalize on last week’s late recovery from multi-month lows and was seen oscillating in a narrow trading band, just below the 0.8700 handle. “¢ The cross, however, seems to have formed a firm intraday base near 100-hour SMA and the set-up favours prospect for a follow-through short-covering move on Monday. “¢ Technical indicators on the 1-hourly chart further reinforce the constructive outlook, albeit bearish oscillators on 4-hourly/daily charts might keep a lid on any strong recovery. “¢ Market participants now look forward to the release of UK construction PMI before placing any aggressive bets and positioning for an extension of the ongoing recovery trend. EUR/GBP 1-hourly chart EUR/GBP Overview: Today Last Price: 0.859 Today Daily change %: -0.21% Today Daily Open: 0.8608 Trends: Daily SMA20: 0.8714 Daily SMA50: 0.8814 Daily SMA100: 0.8842 Daily SMA200: 0.8859 Levels: Previous Daily High: 0.8626 Previous Daily Low: 0.857 Previous Weekly High: 0.8702 Previous Weekly Low: 0.8529 Previous Monthly High: 0.8842 Previous Monthly Low: 0.8529 Daily Fibonacci 38.2%: 0.8605 Daily Fibonacci 61.8%: 0.8591 Daily Pivot Point S1: 0.8576 Daily Pivot Point S2: 0.8544 Daily Pivot Point S3: 0.8519 Daily Pivot Point R1: 0.8633 Daily Pivot Point R2: 0.8658 Daily Pivot Point R3: 0.869 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 up smalls around 1.1370, focus on trade FX Street 4 years "¢ The cross struggled to capitalize on last week's late recovery from multi-month lows and was seen oscillating in a narrow trading band, just below the 0.8700 handle. "¢ The cross, however, seems to have formed a firm intraday base near 100-hour SMA and the set-up favours prospect for a follow-through short-covering move on Monday. "¢ Technical indicators on the 1-hourly chart further reinforce the constructive outlook, albeit bearish oscillators on 4-hourly/daily charts might keep a lid on any strong recovery. "¢ Market participants now look forward to the release of… 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.
