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Forex pairs in this Article » EUR/GBP (New York) - The EUR/GBP technical cross was unable to break any higher Thursday, peaking at 0.8562 earlier during US trading.

EUR/GBP could move on domestic events

Presently, the EUR/GBP foreign exchange rate is still operating positively at 0.8550, up a steadfast +0.58% in these moments. According the analysts, resistive structures will trigger at 0.8508, onto 0.8519, and finally 0.8538. Conversely, the pair will face support at 0.8478, and eventually 0.8459.

EUR/GBP could move towards 0.8600

“Earlier this week, the EUR/GBP failed to break the 0.8470 support area, instead rebounding and resettling above its intraday resistance at 0.8510. As such, we recall our earlier bullish scenario, looking for a move towards the 0.8600 level.” suggests the Technical Analyst Team at
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