EUR/GBP Technical Analysis: Euro bulls break above 0.8800 figure targeting 0.8847 level

EUR/GBP is being in reversal up mode after the drop in the last weeks of trading.
EUR/GBP bulls broke above the 0.8800 figure opening the gates to 0.8847 (September 20 low).
A break below 0.8752 (October 16 low) would likely invalidate the current bullish momentum.

Flavio Tosti Independent Analyst

EUR/GBP 4-hour chart

Spot rate: 0.8821
Relative change: 0.26%
High: 0.8824
Low: 0.8775

Main Trend: Neutral

Resistance 1: 0.8847 September 20 low
Resistance 2: 0.8876 September 11 low
Resistance 3: 0.9000 figure

Support 1: 0.8800 figure
Support 2: 0.8752 October 16 low
Support 3: 0.8722 October low
Support 4: 0.8700 May low
Support 5: 0.8620 current 2018 low
Support 6: 0.8400 May 2017 low

Author

Flavio Tosti

Independent Analyst

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