EUR/GBP Technical Analysis: EUR/GBP reaches 0.9000 target - Bulls now eyeing 2018 high
|- EUR/GBP is extending the move up for the sixth consecutive day within the main bullish trend.
- Mission accomplished for EUR/GBP bulls who took profits at 0.9000 figure. The market is now consolidating below the level as EUR/GBP keeps trading within the bull channel. Bulls are now looking to re-launch an attack to 0.9000 and target 0.9032, the current 2018 high.
- A sustained bear breakout below 0.8965 would invalidate the bullish bias.
EUR/GBP 15-minute chart
Spot rate: 0.8982
Relative change: 0.11%
High: 0.9004
Low: 0.8970
Main Trend: Bullish
Resistance 1: 0.9000 figure
Resistance 2: 0.9032 current 2018 high
Resistance 3: 0.9100 figure
Support 1: 0.8965 supply/demand level
Support 2: 0.8940 August 14 high
Support 3: 0.8900 July 9 high
Support 4: 0.8868, 13 July high
Support 5: 0.8840 supply level
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