EUR GBP is jumping over the lows in Forex market
4/12/2017 9:57:56 AM
After a short-term test of the 0.8483 area on Tuesday during Forex market, EUR/GBP appears to have found dip buyers and is now considering to expand the jump further north of the 0.8505 handle.
Today’s up to now stable tone in the GBP is inspiring the European cross to regain some ground after two succeeding retracements, containing yesterday’s multi-day lows in the 0.8487 band.
The cross is now gaining 0.091% at 0.8503 and a breakout of 0.8557 would representing 0.8580 and then 0.8596. On the other hand, the next support is placed at 0.8484 seconded by 0.8483 and ultimately 0.8420.
FOREX market analysis by FxErvin.