- EUR/GBP bull trend is likely to enter a consolidation phase after the currency cross tumbled 70 pips as it was reported that UK and Germany are to drop key Brewit demands.
- Bears are challenging the multi-month trendline as they broke below 0.9000 psychological level.
- Bear targets become 0.8940 August 14 high, 0.8900 July 9 high and 0.8868, 13 July high.
Spot rate: 0.8962
Relative change: -0.53%
High: 0.9054
Low: 0.8956
Main Trend: Bullish
Short-term trend: Neutral to bearish
Resistance 1: 0.9000 figure
Resistance 2: 0.9030 September 3
Resistance 3: 0.9048 current 2018 high
Resistance 4: 0.9056 August 13, 2017 low
Resistance 5: 0.9100 figure
Resistance 6: 0.9121 September 10, 2017 high
Resistance 7: 0.9171 September 8, 2017 open
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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