At the time of writing, EUR/GBP trades at 0.9014, down -0.09% on a day, as the pair is easing back from the 0.9178 June high. Axel Rudolph, Senior FICC Technical Analyst at Commerzbank, expects EUR/GBP to fall towards a retest of the ptrend line around 0.8970. Key quotes “EUR/GBP is seen coming off its 0.9178 June high and is seen slipping back towards the six-month uptrend line at 0.8977. Below it solid support can be seen between the 55-day moving average and the June low at 0.8904/.8864. This we expect to underpin.” “A move above the 0.9178 June high would trigger a rise to 0.9323. It is the location of the 78.6% Fibonacci retracement.” 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 Cryptocurrency News Update: Bitcoin may dive under $9,000 as the bearish pressure is growing FX Street 3 years At the time of writing, EUR/GBP trades at 0.9014, down -0.09% on a day, as the pair is easing back from the 0.9178 June high. Axel Rudolph, Senior FICC Technical Analyst at Commerzbank, expects EUR/GBP to fall towards a retest of the ptrend line around 0.8970. Key quotes “EUR/GBP is seen coming off its 0.9178 June high and is seen slipping back towards the six-month uptrend line at 0.8977. Below it solid support can be seen between the 55-day moving average and the June low at 0.8904/.8864. This we expect to underpin.” “A move above the 0.9178 June high would… 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.
