28 Jun 2013
EUR/GBP retraces higher
FXstreet.com (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). Mataf.net 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 ICN.com, “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.”
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). Mataf.net 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 ICN.com, “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.”