22 Jul 2013
EUR/GBP held below 0.8600
FXstreet.com (New York) - The EUR/GBP technical cross has been unable to regain the 0.8600 level Monday afternoon during US trading, instead lacking the impetus or strength to rise any higher.
In these moments, the EUR/GBP is still trading in negative territory, down -0.14% Monday, having settled at 0.8588. Briefing the technicals, the Danske Research Team points to supports at 0.8588, followed by 0.8575, and finally 0.8555.
EUR/GBP strategic bias
According to Technical Analyst Team at ICN.com, “The EUR/GBP remains under pressure, retesting 0.8590-0.8600 support area, which is the previously broken resistance for the sideways range. This area may form an intraday support, however if broken could signal further losses, and flip the weekly outlook to bearish.”
In these moments, the EUR/GBP is still trading in negative territory, down -0.14% Monday, having settled at 0.8588. Briefing the technicals, the Danske Research Team points to supports at 0.8588, followed by 0.8575, and finally 0.8555.
EUR/GBP strategic bias
According to Technical Analyst Team at ICN.com, “The EUR/GBP remains under pressure, retesting 0.8590-0.8600 support area, which is the previously broken resistance for the sideways range. This area may form an intraday support, however if broken could signal further losses, and flip the weekly outlook to bearish.”