The bearish consolidation of the last weeks seems to have come to an end as EUR/GBP broke above the 0.8900 level. EUR/GBP is now trading above widening 50, 100 and 200-period simple moving averages suggesting a bullish bias. However, further gains this Monday are likely to be limited as EUR/GBP reached its average daily range of 40 pips. The next resistance to overcome to the upside are likely located near 0.8933 July 18 high and 0.8967 March 7 high while supports can be expected at the 0.8900 level and 0.8868, 13 July high. EUR/GBP 15-minute chart Spot rate: 0.8917 Relative change: 0.21% High: 0.8920 Low: 0.8880 Trend: Bullish Resistance 1: 0.8920 weekly high Resistance 2: 0.8933 July 18 high Resistance 3: 0.8967 March 7 high Resistance 4: 0.9013 November 12, 2017 high Support 1: 0.8900 July 9 high Support 2: 0.8868, 13 July high Support 3: 0.8840 supply level Support 4: 0.8820-0.8840 area, 200-day SMA Support 5: 0.8800 figure Support 6: 0.8780 daily 50-period SMA Support 7: 0.8764 June 8 low 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 Shift in BoJ target unlikely – ABN AMRO FX Street 5 years The bearish consolidation of the last weeks seems to have come to an end as EUR/GBP broke above the 0.8900 level. EUR/GBP is now trading above widening 50, 100 and 200-period simple moving averages suggesting a bullish bias. However, further gains this Monday are likely to be limited as EUR/GBP reached its average daily range of 40 pips. The next resistance to overcome to the upside are likely located near 0.8933 July 18 high and 0.8967 March 7 high while supports can be expected at the 0.8900 level and 0.8868, 13 July high. EUR/GBP 15-minute chart Spot rate:… 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.
