EUR/GBP Technical Analysis: EUR/GBP jumping to a new 2018 high

EUR/GBP broke above 0.8967, the March 7 high, which was also the former 2018 high as EUR/GBP reaches a new 2018 peak at 0.9019.
EUR/GBP bulls objective is to keep the market above 0.8967 support in order to keep the bullish momentum going. Targets to the upside are likely located near 0.9109 September 8, 2017 low and 0.9160 August 23, 2017 low.
On the flip side, bears want to create a pause in the uptrend and drive EUR/GBP below the 0.9000 level towards 0.8957/67 area, July 20 high and March 7 high

Flavio Tosti Independent Analyst

EUR/GBP 15-minute chart

EUR/GBP daily chart

Spot rate: 0.9007

Relative change: 0.48%
High: 0.9019
Low: 0.8958

Trend: Bullish

Resistance 1: 0.9019 August 8 high
Resistance 2: 0.9109 September 8, 2017 low
Resistance 3: 0.9160 August 23, 2017 low

Support 1: 0.8957/67 area, July 20 high and March 7 high
Support 2: 0.8957 July 20 high
Support 3: 0.8937 July 31 high
Support 4: 0.8920 supply level
Support 5: 0.8900 July 9 high
Support 6: 0.8868, 13 July high
Support 7: 0.8840 supply level
Support 8: 0.8820-0.8840 area, 200-day SMA
Support 9: 0.8800 figure
Support 10: 0.8780 daily 50-period SMA
Support 11: 0.8764 June 8 low

Author

Flavio Tosti

Independent Analyst

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