Sterling gained about 60 pips against Euro on the back of hawkish comments from the Bank of England. EUR/GBP is now sitting near the 0.8720 support, June low, and in consolidating the losses made earlier. The trading range price action stays intact on the EUR/GBP currency cross as bulls are potentially eyeing 0.8760, the daily 50-period simple moving average. However, a strong bear breakout below the 0.8720 support can lead EUR/GBP towards the 0.8620 April 17 swing low. EUR/GBP 15-minute chart Spot rate: 0.8749 Relative change: -0.39% High: 0.8801 Low: 0.8725 Trend: Neutral Resistance 1 0.8760 daily 50-period SMA Resistance 2: 0.8800 figure Resistance 3: 0.8826-0.8840 area, 200-day SMA and last week’s high Resistance 4: 0.8861 weekly 50-period SMA Support 1: 0.8720, June low Support 2: 0.8700 figure Support 3: 0.8620 April 17 swing 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 Tron price analysis: TRX/USD reaction muted as Tron detangles from Ethereum FX Street 3 years Sterling gained about 60 pips against Euro on the back of hawkish comments from the Bank of England. EUR/GBP is now sitting near the 0.8720 support, June low, and in consolidating the losses made earlier. The trading range price action stays intact on the EUR/GBP currency cross as bulls are potentially eyeing 0.8760, the daily 50-period simple moving average. However, a strong bear breakout below the 0.8720 support can lead EUR/GBP towards the 0.8620 April 17 swing low. EUR/GBP 15-minute chart Spot rate: 0.8749 Relative change: -0.39% … Top 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.
