EUR/GBP has tested and failed for the past 3 days at its 200-day ma at .8745. Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, analyzes the next possible moves on the pair. Key quotes “We would allow for a slide back into the .8610/.8580 zone. There is scope for .8535, however, we look for the near term uptrend at .8429 to hold.” “The market has recently completed a base with a .8979 upside measured target. Above .8745 will target the .8786 20th September low and the .8891 25th July low en route to the .8979 measured target.” “Nearby support is the 55-day ma at .8485 ahead of the near term uptrend at .8429. This guards .8332, the 24th February low.” 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 USD/CAD remains confined in a range, around 1.3400 mark FX Street 3 years EUR/GBP has tested and failed for the past 3 days at its 200-day ma at .8745. Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, analyzes the next possible moves on the pair. Key quotes “We would allow for a slide back into the .8610/.8580 zone. There is scope for .8535, however, we look for the near term uptrend at .8429 to hold.” “The market has recently completed a base with a .8979 upside measured target. Above .8745 will target the .8786 20th September low and the .8891 25th July low en route to the .8979 measured target.” “Nearby… 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.
