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Forex: EUR/GBP's recovery capped at 0.8535, back to 0.8510

FXstreet.com (San Francisco) - After declining from the intra-day high at 0.8567 to reach fresh daily low at 0.8510, the Euro attempted to recover ground against the Sterling with the EUR/GBP bouncing to 0.8535, but the pair was rejected at this level and currently the cross is trading at 0.8515.

The EUR/GBP is 0.30% negative in the day with the pair trading slightly bearish according to the FXstreet.com trend index. Indicators such as CCI and Momentum are pointing south while the Stochastic and the MACD are neutral in the 1-minute chart.

Below the 0.8510, next support is at 0.8500 ahead the 0.8490 region. On the upside, resistances are at 0.8535, 0.8565 and 0.8590.

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