8 Jul 2013
EUR/GBP trading at the 0.8600 level
FXstreet.com (New York) - The EUR/GBP technical cross is presently 0.8600 barrier, after falling from earlier highs (0.8630) that started during the European session.
EUR/GBP 0.8575 level key to positivity
“The EUR/GBP managed to test 0.8600 and stabilize above it with a daily closing, which activated the positive scenario over intraday basis waiting for targets initially starting at 0.8700. Breaking 0.8575 will halt the positive expectations and trigger a downside move towards 0.8400.” notes the ICN.com Technical Analyst Team.
EUR/GBP trading at support
Amidst the recent pullback, the EUR/GBP is now residing in negative territory, down -0.07% at 0.8606 Monday during US trading. The EUR/GBP will look towards supports at 0.8581, then 0.8544, and 0.8520. Alternatively, an extension higher will initiate resistances at 0.8642, onto 0.8666, and 0.8703, calculates the Mataf.net analyst Team.
EUR/GBP 0.8575 level key to positivity
“The EUR/GBP managed to test 0.8600 and stabilize above it with a daily closing, which activated the positive scenario over intraday basis waiting for targets initially starting at 0.8700. Breaking 0.8575 will halt the positive expectations and trigger a downside move towards 0.8400.” notes the ICN.com Technical Analyst Team.
EUR/GBP trading at support
Amidst the recent pullback, the EUR/GBP is now residing in negative territory, down -0.07% at 0.8606 Monday during US trading. The EUR/GBP will look towards supports at 0.8581, then 0.8544, and 0.8520. Alternatively, an extension higher will initiate resistances at 0.8642, onto 0.8666, and 0.8703, calculates the Mataf.net analyst Team.