Cross-rates signals: EUR/GBP remains in a downtrend

The EUR/GBP cross moved to the lateral movement where is traded almost all week after the risk reduction around Brexit and the appreciable growth of the pound on the possibility of implementing a soft exit process for the UK from the EU.

At the same time, the EUR/GBP pair maintains a downtrend, which is limited to the support level of 0.8900. Fixing a pair below will open the way to support levels: 0.8850 and 0.8820, thereby confirming keeping the downtrend. Resistance is located at the levels: 0.8930 and 0.8960.

Read also: “Stock indicies: the UK market”

Hanzenko Anton

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