EUR/GBP charted key week reversal as the pair held the 0.8471/65 area. Karen Jones, Team Head FICC Technical Analysis Research, targets the late February high at 0.8732. EUR/GBP has reversed from 0.8471 “EUR/GBP last week charted a key week reversal from the March and May 2019 lows at 0.8471/65 and closed above the April 2020 low at 0.8671.” “We would like to see some further upside follow through, but for now view the market as having based and look for scope to the late February high at 0.8732.” “A rise above 0.8732 would target the lows seen in June, September and November at 0.8861/65.” “Dips would find initial support offered by the 20-day ma at 0.8576 ahead of key support at 0.8471/65.” 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: Perfect bearish storm? Concerns about US inflation, Europe’s covid situation loom Yohay Elam 2 years EUR/GBP charted key week reversal as the pair held the 0.8471/65 area. Karen Jones, Team Head FICC Technical Analysis Research, targets the late February high at 0.8732. EUR/GBP has reversed from 0.8471 "EUR/GBP last week charted a key week reversal from the March and May 2019 lows at 0.8471/65 and closed above the April 2020 low at 0.8671." "We would like to see some further upside follow through, but for now view the market as having based and look for scope to the late February high at 0.8732." "A rise above 0.8732 would target the lows seen in… 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.
