EUR/GBP stays below 200-hour EMA ever after it broke the key support last Thursday. The lower line of four-day-old falling channel limits near-term declines. Doji on the daily chart questions the recent weakness. Despite recovering from early-May lows, on the back of a Doji candlestick formation, EUR/GBP still has some key resistances to justify the latest strength. The quote currently trades around 0.8657 while heading into the European market opening on Friday. Among the resistances, the 0.8690/95 area becomes the key as it includes 100-hour Exponential Moving Average (EMA) and upper line of a short-term falling channel. While the pair’s break of 0.8695 will enable it to question 200-hour EMA level of 0.8752, last Friday’s high nearing 0.8871 could challenge buyers afterward. Meanwhile, 0.8630 and the recent low of 0.8575 can entertain sellers ahead of questioning the downpour with the channel’s lower line, at 0.8550 now. EUR/GBP hourly chart Trend: bearish 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 GBP/USD battle lines are drawn in parliament and on the charts “” Confluence Detector FX Street 3 years EUR/GBP stays below 200-hour EMA ever after it broke the key support last Thursday. The lower line of four-day-old falling channel limits near-term declines. Doji on the daily chart questions the recent weakness. Despite recovering from early-May lows, on the back of a Doji candlestick formation, EUR/GBP still has some key resistances to justify the latest strength. The quote currently trades around 0.8657 while heading into the European market opening on Friday. Among the resistances, the 0.8690/95 area becomes the key as it includes 100-hour Exponential Moving Average (EMA) and upper line of a short-term falling channel. While the pair's… 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.
