EUR/GBP has reached a convergence of support and Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, favors recovery. Key quotes “EUR/GBP is holding over the 0.8750 200 day ma. In this vicinity we also find the 61.8% retracement at 0.8747, the uptrend at 0.8737 and the 55-day ma at 0.8685 and we look for the market to recover from here.” “We also note Two 13 counts on the 240-minute chart and a TD perfected set up on the daily chart, they imply the end of the down move.” “Recovery above 0.9022 will target 0.9225 and then last week’s high at 0.9501.” 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 EUR/USD: Positioning for weakness – OCBC FX Street 2 years EUR/GBP has reached a convergence of support and Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, favors recovery. Key quotes “EUR/GBP is holding over the 0.8750 200 day ma. In this vicinity we also find the 61.8% retracement at 0.8747, the uptrend at 0.8737 and the 55-day ma at 0.8685 and we look for the market to recover from here.” “We also note Two 13 counts on the 240-minute chart and a TD perfected set up on the daily chart, they imply the end of the down move.” “Recovery above 0.9022 will target 0.9225 and then last week’s… 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.
