EUR GBP trapped below the handle
9/20/2017 11:49:18 AM
The EUR/GBP cross needed any stable directional bias and fluctuated between tepid gains/minor losses, within 22-27 pips slim trading range below the 0.8904 mark.
The cross is probable to run towards 0.8937 horizontal persistence on the way its next major hurdle near the 0.8977-86 area.
On the other hand, 0.8848 level now appears to act as immediate support, which if broken might turn the cross at risk to break below the 0.8805 handle and head towards testing two-month lows support near the 0.8778 area.
FOREX market analysis by FxErvin.