EUR/GBP Price Analysis: Holds ground near the 0.8580 mark within the descending trend channel, Bull cross eyed

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EUR/GBP Price Analysis: Holds ground near the 0.8580 mark within the descending trend channel, Bull cross eyed
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The EUR/GBP cross holds ground around 0.8580 after bouncing off the weekly low of 0.8558 during the early European session on Tuesday. The mixed UK la

The 50-hour EMA is on the verge of crossing above the 100-hour EMA.

The EUR/GBP cross holds ground around 0.8580 after bouncing off the weekly low of 0.8558 during the early European session on Tuesday. The mixed UK labor data fails to boost the Pound Sterling while investors await the monthly UK GDP report and the European Central BankAccording to the recent data from the UK's Office for National Statistics, therate in the three months to July came in at 4.3%, from 4.2% in the previous reading and in line with market expectations.

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