3 Jul 2013
EUR/GBP stabilizes at support
FXstreet.com (New York) - The EUR/GBP technical cross has stabilized above the 0.8500 barrier during the afternoon of US trading Wednesday.
EUR/GBP break below 0.8470 signals bearishness
According to the Technical Analyst Team at ICN.com, “The EUR/GBP plunged, breaking 0.8545 support level, and heading lower towards 0.8470 key horizontal support. The intraday bias turned bearish, and a break below 0.8470 may signal a more prolonged bearish move towards 0.8400 and lower.”
EUR/GBP breaks below support
Portuguese concerns have permeated the markets, weighing on the EUR. However, the EUR/GBP has gained a foothold above the 0.8500 barrier, operating presently at 0.8511 in these moments, still down a sizable -0.61%. Following a drop below support at 0.8531, the Mataf.net analyst team posits the next support at 0.8507.
EUR/GBP break below 0.8470 signals bearishness
According to the Technical Analyst Team at ICN.com, “The EUR/GBP plunged, breaking 0.8545 support level, and heading lower towards 0.8470 key horizontal support. The intraday bias turned bearish, and a break below 0.8470 may signal a more prolonged bearish move towards 0.8400 and lower.”
EUR/GBP breaks below support
Portuguese concerns have permeated the markets, weighing on the EUR. However, the EUR/GBP has gained a foothold above the 0.8500 barrier, operating presently at 0.8511 in these moments, still down a sizable -0.61%. Following a drop below support at 0.8531, the Mataf.net analyst team posits the next support at 0.8507.