EUR/GBP is a little weak around 0.8665 on early Friday. The quote couldn’t provide a daily closing beyond 50-day simple moving average (SMA) figure of 0.8690 during its rise on Thursday. As a result, a downward sloping trend-line stretched since January 03 at 0.8610 regain market attention as a break of which triggered the pair’s recent rise. Should the pair slips under 0.8610, 0.8560, 0.8520 and 0.8500 might entertain short-term sellers ahead of pleasing them with an early-month low around 0.8470. In a case where prices drop beneath 0.8470, 61.8% Fibonacci expansion (FE) of pair moves since January, at 0.8360, could flash on bears’ radar to target. On the upside, a D1 close beyond 0.8690 could validate the pair’s rise in a direction to 0.8740 and 50% Fibonacci retracement level near 0.8790. However, 200-day SMA level of 0.8845 may confine the pair’s rally beyond 0.8790, if not then chances of 0.8950 and 0.9000 coming back to the chart can’t be denied. EUR/GBP daily chart 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 UK PM May welcomes council approval of assurances on backstop FX Street 4 years EUR/GBP is a little weak around 0.8665 on early Friday. The quote couldn't provide a daily closing beyond 50-day simple moving average (SMA) figure of 0.8690 during its rise on Thursday. As a result, a downward sloping trend-line stretched since January 03 at 0.8610 regain market attention as a break of which triggered the pair's recent rise. Should the pair slips under 0.8610, 0.8560, 0.8520 and 0.8500 might entertain short-term sellers ahead of pleasing them with an early-month low around 0.8470. In a case where prices drop beneath 0.8470, 61.8% Fibonacci expansion (FE) of pair moves since January, at 0.8360,… 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.
