“¢ A combination of factors – Italian budgetary worries and the recent Brexit optimism kept exerting downward pressure around the cross for the seventh consecutive session. “¢ The cross has now dropped to an important horizontal support as market participants now look forward to the US macroeconomic releases for some fresh impetus. “¢ Technical indicators on the daily chart have drifted into near-term oversold conditions and hence, warrant some consolidation before any further depreciating move. “¢ A positive UK data-led fall to fresh four-month lows is more likely to be limited till the 0.8700 handle, while even a slight disappointment might trigger a short-covering bounce. EUR/GBP daily chart EUR/GBP Overview: Last Price: 0.873 Daily change: -12 pips Daily change: -0.137% Daily Open: 0.8742 Trends: Daily SMA20: 0.8881 Daily SMA50: 0.8933 Daily SMA100: 0.8877 Daily SMA200: 0.884 Levels: Daily High: 0.8794 Daily Low: 0.8733 Weekly High: 0.892 Weekly Low: 0.8777 Monthly High: 0.8998 Monthly Low: 0.8777 Daily Fibonacci 38.2%: 0.8756 Daily Fibonacci 61.8%: 0.877 Daily Pivot Point S1: 0.8719 Daily Pivot Point S2: 0.8696 Daily Pivot Point S3: 0.8658 Daily Pivot Point R1: 0.878 Daily Pivot Point R2: 0.8817 Daily Pivot Point R3: 0.884 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 Oil: Prices rising again – Danske Bank FX Street 5 years "¢ A combination of factors - Italian budgetary worries and the recent Brexit optimism kept exerting downward pressure around the cross for the seventh consecutive session. "¢ The cross has now dropped to an important horizontal support as market participants now look forward to the US macroeconomic releases for some fresh impetus. "¢ Technical indicators on the daily chart have drifted into near-term oversold conditions and hence, warrant some consolidation before any further depreciating move. "¢ A positive UK data-led fall to fresh four-month lows is more likely to be limited till… 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.
