- EUR/GBP breaks to the upside in line with the dominant trend.
- Technical indicators point to further gains, with a potential target at 0.9140.
The EUR/GBP pair is consoling above 0.9070, a bullish sign. It is about to test 0.9100 and will likely break higher if the current momentum remains in place. The next bullish target could be seen at 0.9130 and above the next resistance emerges at 0.9145.
The upside bias will remain in place while above the uptrend line from May low, currently at 0.8960. Before the mentioned level, a strong support is seen at 0.9015.
A retreat below 0.9060 would suggest the euro is not ready to extend the bullish run, likely leading to more range trading between 0.9020 and 0.9070.
EUR/GBP 4-hour chart
EUR/GBP dialy chart
|Today last price||0.9098|
|Today Daily Change||0.0065|
|Today Daily Change %||0.72|
|Today daily open||0.9033|
|Previous Daily High||0.9065|
|Previous Daily Low||0.9001|
|Previous Weekly High||0.9073|
|Previous Weekly Low||0.8912|
|Previous Monthly High||0.9054|
|Previous Monthly Low||0.8691|
|Daily Fibonacci 38.2%||0.9026|
|Daily Fibonacci 61.8%||0.9041|
|Daily Pivot Point S1||0.9001|
|Daily Pivot Point S2||0.8969|
|Daily Pivot Point S3||0.8937|
|Daily Pivot Point R1||0.9065|
|Daily Pivot Point R2||0.9097|
|Daily Pivot Point R3||0.9129|
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