“¢ The cross continued gaining positive traction for the third consecutive session and jumped to fresh YTD tops in the last hour, the highest since mid-Nov. 2017.
“¢ The positive momentum remains supported by bullish technical indicators on the daily chart, albeit seems to pause near a four-month-old ascending trend-channel resistance.
“¢ However, any meaningful profit-taking slide might now find decent support near mid-0.8900s amid growing prospect of a no-deal Brexit.
EUR/GBP daily chart
Spot rate: 0.8982
Daily Low: 0.8958
Trend: Bullish, with possibilities of some near-term consolidation
Resistance
R1: 0.8990 (trend-channel hurdle)
R2: 0.9025 (R3 daily pivot-point)
R3: 0.9050 (horizontal zone)
Support
S1: 0.8958 (current day swing low)
S2: 0.8935 (S1 daily pivot-point)
S3: 0.8900 (round figure mark)
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