EUR GBP sticking in a hard situation in forex market
3/29/2017 9:05:51 AM
According to Fx market the EUR/GBP is trading at 0.8718, up 0.39% on the day, reaching to a daily high at 0.8740 and low at 0.8680.
The First persistence lies at 0.8742 and 0.8775. They unsure that this will limit for now. Above 0.8805, there is scope to challenge the 0.8853 January high. We search for the downside currently to be restricted by the 180-day ma at 0.8573.
FOREX market analysis by FxErvin.