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Forex pairs in this Article » EUR/GBP (New York) - The EUR/GBP technical cross retraced higher Thursday, climbing to 0.8578 recently, only to hit a wall and ease lower.

EUR/GBP holding above 0.8600 signals rise higher

“The EUR/GBP bias is turning strongly bullish, but due to the expected high volatility, we prefer to wait for price to settle, and monitor the daily closing around this area. Holding above 0.8600 should signal a move towards the previous highs around 0.8800.” notes the Technical Analyst Team.

EUR/GBP trading at resistance

Amidst the recent easing, the EUR/GBP is still entrenched in positive territory, operating at 0.8566 presently, gaining +0.63% Thursday. The EUR/GBP will look towards resistances at 0.8567, then 0.8618, and 0.8666.
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