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Forex pairs in this Article » EUR/GBP (New York) - The EUR/GBP technical cross bounced off the 0.8550 region earlier, retracing a portion of its earlier gains Friday.

EUR/GBP failed attempt at 0.8600

At the time of writing, the EUR/GBP pair is trading at 0.8563, securing a gain of +0.16%, despite an earlier failed break above 0.8600 during European trading (0.8593 session high). analysts cite the next resistances at 0.8577, then 0.8602, and 0.8645.

EUR/GBP maintains a strong bullish bias

According to the Technical Analyst Team at, “The EUR/GBP pair is retesting the main descending resistance, maintaining a strong bullish bias. Accordingly, we hold onto our previously suggested bullish scenario unchanged.”
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