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   “¢   After yesterday’s good two-way price action, the cross regained positive traction on Tuesday and is now looking to build on its momentum beyond 100-hour SMA.  

   “¢   Technical indicators on the 1-hourly chart have started gaining positive momentum and thus, increase prospects for an additional intraday up-move.

   “¢   A convincing break through 38.2% Fibonacci retracement level of the 0.9000-0.8858 recent downfall will further add credence to the constructive outlook.  


EUR/GBP 1-hourly chart

Spot Rate: 0.8904
Daily Low: 0.8867
Trend: Intraday bullish  

Resistance
R1: 0.8915 (overnight swing high)
R2: 0.8927 (50% Fibo. level)
R3: 0.8944 (R2 daily pivot-point)

Support
S1: 0.8875 (horizontal zone)
S2: 0.8858 (1-1/2 week low set yesterday)
S3: 0.8828 (S2 daily pivot-point)