EURGBP traded lower last Thursday as the cross extended the pullback from 0.8867, the Oct 12 high. The sell-off has resulted in a break of support at 0.8649 and a move below the 50-day EMA, at 0.8677. This signals scope for an extension and has opened 0.8559, a Fibonacci retracement level. Key short-term resistance has been defined at 0.8867 where a break is required to reinstate a bullish theme.

Foreign Exchange Technical Analysis Homepage markets-real-time Bullet Markets Foreign Exchange News

Taso Anastasiou

Foreign Exchange Technical Analysis Homepage markets-real-time Bullet Markets Foreign Exchange News

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