EUR/GBP: consolidation phase lasts – SocGen

FXStreet – The currency pair EUR/GBP lived through a mixed consolidation within the highs from January and March of 0.88 and graphical support in 0,8360/30, which is also the Basis of the multi-month triangle is formed, said the market analysts of Societe Generale.

Important Quotes:

This area is considered as a key brand. Only a break below releases new downside potential. In the short term the currency is likely to be few in the direction of the 61.8% Fibonacci Retracements at 0,8610 recover. A crack about an increase to 0.88 signals.

** FXStreet News Editorial, FXStreet**

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