23 Jul 2013
EUR/GBP retraces back to 0.8600
FXstreet.com (New York) - The EUR/GBP technical cross has regained the 0.8600 level Tuesday, following a retracement of nearly 10 pips in recent moments during US trading.
In these moments, the EUR/GBP is presently securing an advance of +0.212% above it’s opening, now operating at 0.8599 at the time of writing. Technically speaking, the pair is testing resistance at 0.8600, which will open up 0.8624, and 0.8635, notes the Mataf.net analyst team.
EUR/USD strategic bias
According to the Technical Analyst Team at ICN.com, “The EUR/GBP continues to hover narrowly within the neutral zone, below 0.8600 resistance while above 0.8570 support. A break back above this resistance may revive the bullish rebound scenario, while taking 0.8570 to the downside may confirm a move lower.”
In these moments, the EUR/GBP is presently securing an advance of +0.212% above it’s opening, now operating at 0.8599 at the time of writing. Technically speaking, the pair is testing resistance at 0.8600, which will open up 0.8624, and 0.8635, notes the Mataf.net analyst team.
EUR/USD strategic bias
According to the Technical Analyst Team at ICN.com, “The EUR/GBP continues to hover narrowly within the neutral zone, below 0.8600 resistance while above 0.8570 support. A break back above this resistance may revive the bullish rebound scenario, while taking 0.8570 to the downside may confirm a move lower.”