“¢ The cross traded with a positive bias for the fourth consecutive session and is flirting with a descending trend-line resistance, extending from extending from Oct. 2017 high through Nov. 2017 and March 2018 tops. “¢ The fact that bulls have managed to keep the cross above short/medium/long-term moving averages (50, 100 & 200-day) support prospects for additional gains. “¢ With short-term technical indicators holding in positive territory, even the slightest of disappointment from today’s release of UK monthly retail sales data would be enough to provide the required momentum and confirm a fresh bullish breakout. EUR/GBP daily chart Spot rate: 0.8915 Daily Low: 0.8902 Trend: Bullish Resistance R1: 0.8932 (overnight swing high) R2: 0.8964 (R2 daily pivot-point) R3: 0.9000 (psychological round figure mark) Support S1: 0.8902 (current day swing low) S2: 0.8876 (S1 daily pivot-point) S3: 0.8822 (200-day SMA) 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 US Dollar pushes higher to 95.40, session tops FX Street 5 years "¢ The cross traded with a positive bias for the fourth consecutive session and is flirting with a descending trend-line resistance, extending from extending from Oct. 2017 high through Nov. 2017 and March 2018 tops. "¢ The fact that bulls have managed to keep the cross above short/medium/long-term moving averages (50, 100 & 200-day) support prospects for additional gains. "¢ With short-term technical indicators holding in positive territory, even the slightest of disappointment from today's release of UK monthly retail sales data would be enough to provide the required momentum and confirm a… 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.
