- EUR/GBP main bull trend is taking a breather as the market is trapped in an endless pullback since September 21.
- EUR/GBP is now approaching September 20 low (0.8847) and it will be interesting to see if bulls can support the market above the 0.8847 level.
- The divergence on the RSI and Stochastics indicators suggest that bulls might start showing up in the near future. However, a bear breakout below 0.8847 would be seen as a negative for bulls.
Spot rate: 0.8875
Relative change: -0.12%
High: 0.8938
Low: 0.8884
Main Trend: Bullish
Resistance 1: 0.8896 August 14 swing low
Resistance 2: 0.8940 August 14 high
Resistance 3: 0.8974 September 6 low
Resistance 4: 0.9000 figure
Resistance 5: 0.9032 August 9 high
Resistance 6: 0.9100, current 2018 high
Support 1: 0.8876 September 11 low
Support 2: 0.8847 September 20 low
Support 3: 0.8800 figure