- EUR/GBP is trading inside Thursday’s range as the currency cross is trying to build bullish momentum after yesterday’s bullish spike.
- EUR/GBP bulls have a slight advantage as they have the longer-term trend on their side, however they need to overcome 0.8937 July 31 high in the coming sessions if they don’t want the market to consolidate below 0.8800 figure.
EUR/GBP 15-minute chart
Spot rate: 0.8906
Relative change: 0.08%
High: 0.8921
Low: 0.8894
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