8 Aug 2013
EUR/GBP sideways trading, downside contained
FXstreet.com (New York) - The EUR/GBP technical cross has traded in a very narrow range Thursday (0.8593 – 0.8625), though recently the pair has managed to return to positive territory during US trading.
EUR/GBP strategic bias
According to the Technical Analyst Team at ICN.com, “The USD/CHF fell below 0.9265, as it failed to stabilize above its Linear Regression Indicators when it attempted a movement to the upside. We prefer to be neutral today, as stabilizing above 0.9200 might bring positivity back; meanwhile failing to consolidate above Linear Regression Indicators weakens this possibility.”
EUR/GBP technical levels
Technically speaking, the EUR/GBP is recording tepid gains of +0.03% above its opening, navigating the region of 0.8613 in these moments. The EUR/GBP remains firm above supports at 0.8575, ahead of 0.8550, and 0.8512.
EUR/GBP strategic bias
According to the Technical Analyst Team at ICN.com, “The USD/CHF fell below 0.9265, as it failed to stabilize above its Linear Regression Indicators when it attempted a movement to the upside. We prefer to be neutral today, as stabilizing above 0.9200 might bring positivity back; meanwhile failing to consolidate above Linear Regression Indicators weakens this possibility.”
EUR/GBP technical levels
Technically speaking, the EUR/GBP is recording tepid gains of +0.03% above its opening, navigating the region of 0.8613 in these moments. The EUR/GBP remains firm above supports at 0.8575, ahead of 0.8550, and 0.8512.