EUR/GBP Technical Analysis: Constructive outlook can push EUR/GBP to 0.9000 figure
|- EUR/GBP is up for the third consecutive day as EUR/GBP is resuming its main bull trend.
- Bulls are keeping the trend on track as the market is trading above its 50, 100 and 200-period simple moving averages. The target to the upside is located near the 0.9000 figure
- A sustained bear breakout below 0.8940 would put the rally on hold.
EUR/GBP 15-minute chart
Spot rate: 0.8956
Relative change: 0.09%
High: 0.8973
Low: 0.8935
Main Trend: Bullish
Resistance 1: 0.8965 supply/demand level
Resistance 2: 0.9000 figure
Resistance 3: 0.9032 current 2018 high
Support 1: 0.8940 August 14 high
Support 2: 0.8900 July 9 high
Support 3: 0.8868, 13 July high
Support 4: 0.8840 supply level
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.