- EUR/GBP is extending the weekly gains by breaking above 0.8937 and finding resistance just below 0.8967 March 7 high. EUR/GBP has reached its average daily range suggesting that any further advance might be limited this Tuesday.
- EUR/GBP is now very close to challenge the 2018 high at 0.8967. A breakout above the level can lead to an extension of the uptrend towards 0.9013 November 12, 2017 high.
- The 0.8937 level, becomes now the near-term support.
EUR/GBP 15-minute chart
Spot rate: 0.8953
Relative change: 0.31%
High: 0.8964
Low: 0.8922
Trend: Bullish
Resistance 1: 0.8957 July 20 high
Resistance 2: 0.8967 March 7 high (2018 high)
Resistance 3: 0.9013 November 12, 2017 high
Support 1: 0.8937 July 31 high
Support 2: 0.8920 supply level
Support 3: 0.8900 July 9 high
Support 4: 0.8868, 13 July high
Support 5: 0.8840 supply level
Support 6: 0.8820-0.8840 area, 200-day SMA
Support 7: 0.8800 figure
Support 8: 0.8780 daily 50-period SMA
Support 9: 0.8764 June 8 low
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