“¢ The pair’s early uptick met with some fresh supply near 50-hour SMA, with bears now looking to extend last week’s retracement slide from over four-month tops. “¢ Short-term technical indicators are gradually picking up negative momentum and a follow-through weakness below 100-hour SMA will reinforce prospects for additional weakness. “¢ Only a sustained move beyond daily swing high might negate the negative outlook and pave the way for the resumption of the prior appreciating move. EUR/GBP 1-hourly chart Spot rate: 0.8920 Daily High: 0.8936 Trend: Short-term bearish Resistance R1: 0.8636 (current day swing high) R2: 0.8975 (R2 daily pivot-point) R3: 0.9000 (psychological round figure mark) Support S1: 0.8910 (S1 daily pivot-point) S2: 0.8874 (last Thursday’s swing low) S3: 0.8820 (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 Turkey: CBRT to stay the course at the July MPC – Standard Chartered FX Street 5 years "¢ The pair's early uptick met with some fresh supply near 50-hour SMA, with bears now looking to extend last week's retracement slide from over four-month tops. "¢ Short-term technical indicators are gradually picking up negative momentum and a follow-through weakness below 100-hour SMA will reinforce prospects for additional weakness. "¢ Only a sustained move beyond daily swing high might negate the negative outlook and pave the way for the resumption of the prior appreciating move. EUR/GBP 1-hourly chart Spot rate: 0.8920 Daily High: 0.8936 Trend: Short-term bearish Resistance R1: 0.8636… 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.
