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EUR/GBP in a Pullback From the 0.8670 Support (5/12)

posted by Avatar FXTimes 738 days ago in EUR, GBP, Technical made popular 738 days ago

The EUR/GBP did indeed break below 0.8740, and did find support at the 0.8670 level. From this support, the market is attempting a pullback. The 1H chart shows that the pullback is so far at 38.2% retracement. There should be resistance near 50%, but retracement to 61.8% marks 0.8760 as resistance to confirm bearish continuation…
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