EUR/GBP’s daily chart shows an upside break of the key falling trendline. The daily chart indicators are also biased bullish. The pair could challenge the 100-day MA resistance. EUR/GBP opened above 0.89 in Asia, confirming an upside break of the trendline connecting Aug. 12 and Sept. 3 highs. So far, the trendline breakout has failed to entice the bulls. This is evident from the pair’s directionless trading around 0.8910. The upside, however, may gather traction in the European trading hours, as the upside break of the falling trendline is backed by a bullish reading on the MACD histogram. The 5- and 10-day moving averages (MAs) are also trending north, indicating a bullish setup. The 14-day relative strength index (RSI) is also looking north and could soon cross above 50, confirming a bullish bias. All-in-all, the 100-day MA, currently at 0.8972, could come into play in the next 24 hours or so. The bullish case would weaken if the pair finds acceptance under Friday’s low of 0.8880. Daily chart Trend: Bullish Technical levels 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 Ripple market overview: XRP/USD shoots over 5% on Monday FX Street 3 years EUR/GBP's daily chart shows an upside break of the key falling trendline. The daily chart indicators are also biased bullish. The pair could challenge the 100-day MA resistance. EUR/GBP opened above 0.89 in Asia, confirming an upside break of the trendline connecting Aug. 12 and Sept. 3 highs. So far, the trendline breakout has failed to entice the bulls. This is evident from the pair's directionless trading around 0.8910. The upside, however, may gather traction in the European trading hours, as the upside break of the falling trendline is backed by a bullish reading… 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.
