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Forex: EUR/GBP back to 0.8685

After falling around 80 pips from 0.8740, the EUR/GBP found support at 0.8660 where the pair bounced towards levels close to 0.8690. Currently the pair is trading at 0.8685.

With 0.64% daily losses, the pair is trading in a strongly bearish trend according to the FXstreet.com Forex Studies. MACD, CCI and Momentum indicators points bearish while the Stochastic is bullish in the 1-hour chart.

Next supports come at 0.8665 (MA21d), 0.8650 and 0.8635. On the upside, a surpass of 0.8793 (high Mar.12) would open the door to the psychological level of 0.8800 and then 0.8815 (2013 high Feb.25).

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