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Forex: EUR/GBP testing resistances at 0.8563/65

FXstreet.com (Barcelona) - The EUR/GBP has pared its losses nicely Monday during American trading, having put the overnight plunge surround Cyprus in the rear-view mirror. In these moments, the pair has recovered the mark of 0.8563/65, testing calculated support, having already risen +0.32% thus far.

ICN.com analysts point to resistances at 0.8560, onto 0.8575, and finally the 0.8600 level. Conversely, a movement lower will result in the EUR/GBP meeting support at 0.8535, then 0.8515, and finally 0.8495.

“The EUR/GBP pushed higher, retesting the 0.8570 neckline, which activates a bearish scenario. Ultimately, holding below 0.8610 is necessary for this scenario to remain intact.” warns the ICN.com analyst team.

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