Forex: EUR/GBP – 0.8600 looking attractive

on Jul 10, 2013
Listen Wednesday July 10th_: The EUR/GBP yesterday spiked to 0.8668 before retracing to close 0.06 percent down at 0.8604. In today’s trading so far, the pair descended to 0.8573 (during the Asian session) before rebounding to be trading at 0.8608 at the moment.

If the price holds above the 0.8600 level, the market may be making a rally towards the 0.8800 level, especially with the pair changing hands above both the MA89 and MA200 on the 1H, 4H and daily charts, which supports the upwards movement.
Resistances: 0.8670, 0.8680 and 0.8715.
Supports: 0.8645, 0.8630 and 0.8600.



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