“¢ Bullish momentum once again fizzles out ahead of the 0.8800 handle. “¢ Hotter-than-expected EZ CPI fails to provide any fresh bullish impetus. “¢ Italian 2-yr yield rise 40bps from lows and negatively impacts EUR. “¢ Weakness back below mid-0.8700s to expose descending trend-channel support. EUR/GBP 4-hourly chart Spot rate: 0.8763 Trend: Sideways Support 1: 0.8754 (daily pivot-point) Support 2: 0.8731 (23.6% Fibonacci retracement) Support 3: 0.8698 (weekly/1-month low) Resistance 1: 0.8791 (daily swing high) Resistance 2: 0.8810 (R1 daily pivot point) Resistance 3: 0.8842 (May 4th/monthly high) 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 AUD/USD potential for a test of 0.7605 – UOB FX Street 5 years "¢ Bullish momentum once again fizzles out ahead of the 0.8800 handle. "¢ Hotter-than-expected EZ CPI fails to provide any fresh bullish impetus. "¢ Italian 2-yr yield rise 40bps from lows and negatively impacts EUR. "¢ Weakness back below mid-0.8700s to expose descending trend-channel support. EUR/GBP 4-hourly chart Spot rate: 0.8763 Trend: Sideways Support 1: 0.8754 (daily pivot-point) Support 2: 0.8731 (23.6% Fibonacci retracement) Support 3: 0.8698 (weekly/1-month low) Resistance 1: 0.8791 (daily… 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.
