EURGBP Bullish Price Rally Eyes 0.8945/55 Zone

Mohammed Isah FXTechstrategy

EURGBP bullish price rally eyes the 0.8945/55 resistance zone. Support stands at the 0.8900 level where a violation will turn focus to the 0.8850 level. A break below here will aim at the 0.8800 level. On the upside, resistance resides at the 0.8950 level. A violation if seen will turn risk towards the 0.9000 level. Further up, resistance comes in at 0.9050 level followed by the 0.9100 level. Its daily RSI is bullish and pointing higher suggesting further strength. All in all, EURGBP remains biased to the upside on further bullishness.

Author

Mohammed Isah

FXTechstrategy

Mohammed Isah is a technical strategist and head of research at FXTechstrategy.com, a technical-research Web site. He has been trading and analyzing the foreign exchange market since 2010.

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