24 Jul 2013
EUR/GBP rally capped at 0.8620 region
FXstreet.com (New York) - The EUR/GBP technical cross rebounded forcefully Wednesday off of 0.8600 level, bouncing higher to 0.8620 region in recent minutes.
At the time of writing however, the EUR/GBP is once again on the move, this time easing slightly towards 0.8616 at the time of writing, still up +0.18% above its opening. Technically speaking, the pair is testing resistance at 0.8610, which will open up 0.8622, and 0.8636, notes the Mataf.net analyst team.
EUR/GBP strategic bias
According to the Technical Analyst Team at ICN.com, “The EUR/GBP extends the rebound towards 0.8625 resistance, and thus may have formed a bottom at above 0.8575 key support, and accordingly, the bullish rebound scenario will probably continue.”
At the time of writing however, the EUR/GBP is once again on the move, this time easing slightly towards 0.8616 at the time of writing, still up +0.18% above its opening. Technically speaking, the pair is testing resistance at 0.8610, which will open up 0.8622, and 0.8636, notes the Mataf.net analyst team.
EUR/GBP strategic bias
According to the Technical Analyst Team at ICN.com, “The EUR/GBP extends the rebound towards 0.8625 resistance, and thus may have formed a bottom at above 0.8575 key support, and accordingly, the bullish rebound scenario will probably continue.”