- EUR/GBP jumped 70 pips as the Bank of England delivered its dovish rate hike.
- EUR/GBP regained the 0.8900 level and is now trading above the 50, 100 and 200-period simple moving averages suggesting a mild bullish bias.
- However, EUR/GBP would need to surpass the 0.8937 July 31 high, to give extra-confirmation of the bullish momentum.
EUR/GBP 15-minute chart
Spot rate: 0.8910
Relative change: 0.31%
High: 0.8926
Low: 0.8854
Trend: Bullish
Resistance 1: 0.8920 supply level
Resistance 2: 0.8937 July 31 high
Resistance 3: 0.8957 July 20 high
Resistance 4: 0.8967 March 7 high
Resistance 5: 0.9013 November 12, 2017 high
Support 1: 0.8900 July 9 high
Support 2: 0.8868, 13 July high
Support 3: 0.8840 supply level
Support 4: 0.8820-0.8840 area, 200-day SMA
Support 5: 0.8800 figure
Support 6: 0.8780 daily 50-period SMA
Support 7: 0.8764 June 8 low