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Forex pairs in this Article » EUR/GBP
FXstreet.com (New York) - An earlier stumble by the EUR/GBP technical cross was limited to the 0.8471 region (intraday low), before an eventual recovery transpired during US trading.

EUR/GBP thrust does not breach resistance

The gradual rally was largely relegated to the US session Tuesday, even if the pair still has been unable to escape negative territory. Presently, the EUR/GBP foreign exchange rate is now operating at 0.8497, still down -0.08% Tuesday. Technically speaking, Mataf.net analysts identify the next short-term measures of support at 0.8471 (session low) then 0.8446, and 0.8411. Meanwhile, resistance lies higher at 0.8531, onto 0.8566 and 0.8591.

EUR/GBP bullish scenario activated above 0.8470

According to the Technical Analyst Team at ICN.com, “The EUR/GBP continues to fluctuate around 0.8500 level, activating our previously proposed bullish scenario, which remains valid so long as 0.8470 support level is holding.”
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