EUR/GBP Consolidating in Lower Range Near Term

        0057 GMT [Dow Jones] EUR/GBP is likely to consolidate in a lower range Tuesday after the cross retreated overnight from a two-day high of 0.7862 to post a lower global daily close at 0.7835. The daily chart is mixed as the MACD indicator is bearish, but the slow stochastic measure is bullish at oversold levels. Support is at 0.7826 (Monday's low); a breach would target 0.7807 (Friday's low), then 0.7795 (Thursday's low). Resistance is at 0.7862-0.7864 (Monday's high-Thursday's high); a breach would turn the near-term view positive, targeting 0.7886 (Oct. 31 high). Spot EUR/GBP is at 0.7840. (jerry.tan@wsj.com)
        (END) Dow Jones Newswires
        November 10, 2014 19:57 ET (00:57 GMT)