EUR GBP going to test high area in Forex market
6/1/2017 1:09:08 PM
The now softer tone around the sterling is reassuring EUR/GBP to jump higher and test the area of recent highs in the mi-0.8695s.
The latest recovery of the single currency assisted the European cross to progress for the 3rd session in a row and challenge at the same time the area of 2-month tops around 0.8748.
The cross is now up 0.24% at 0.8747 with the next up barrier at 0.8681 supported by 0.8740 and ultimately 0.8790. On the other hand, a break of 0.8705 would reveal 0.8657 and then 0.8605.
FOREX market analysis by FxErvin.