The EUR/GBP pair maintains a base above 0.8643/65 as well as a bullish “reversal week” and analysts at Credit Suisse look for a deeper recovery to 0.8732 initially, then 0.8851/61. Support remains at 0.8640/39 “We stay biased higher and look for a move to 0.8732 next, then the 38.2% retracement at 0.8761.” “Big picture, we would not rule out a move back to the ‘neckline’ to the medium-term top and 50% retracement at 0.8851/61, but with this expected to prove a much tougher barrier.” “Support moves to 0.8684 initially, then 0.8668 with 0.8640/39 ideally holding to maintain an immediate upside bias. Below 0.8626/21 though is needed to suggest the base has been negated for a retreat back to 0.8578, but with fresh buyers expected here for the time being.” 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 Germany’s Altmaier: Government to significantly lift 2021 GDP growth forecast of 3% FX Street 2 years The EUR/GBP pair maintains a base above 0.8643/65 as well as a bullish "reversal week" and analysts at Credit Suisse look for a deeper recovery to 0.8732 initially, then 0.8851/61. Support remains at 0.8640/39 "We stay biased higher and look for a move to 0.8732 next, then the 38.2% retracement at 0.8761." "Big picture, we would not rule out a move back to the 'neckline' to the medium-term top and 50% retracement at 0.8851/61, but with this expected to prove a much tougher barrier." "Support moves to 0.8684 initially, then 0.8668 with 0.8640/39 ideally holding to maintain an… 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.
