- EUR/GBP is consolidating gains as the bulls are trying to resume the main bull trend while they are finding some suppport near the 0.8900 figure.
- EUR/GBP is a having a 61.8% Fibonacci retracement from the last bull leg (Sept. 20-21 move up). EUR/GBP bulls want to resume the bull trend and their first objective is to break above 0.8940 (August 14 high) to then target 0.9000 figure.
- A bear breakout below 0.8840 would invalidate the bullish bias.
Spot rate: 0.8904
Relative change: -0.12%
High: 0.8938
Low: 0.8884
Main Trend: Bullish
Resistance 1: 0.8940 August 14 high
Resistance 2: 0.8974 September 6 low
Resistance 3: 0.9000 figure
Resistance 4: 0.9032 August 9 high
Resistance 5: 0.9100, current 2018 high
Support 1: 0.8896 August 14 swing low
Support 2: 0.8876 September 11 low
Support 3: 0.8840 key level
Support 4: 0.8800 figure
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