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EUR/GBP Technical Analysis: Bull trend intact - 0.9100 figure next target

  • EUR/GBP main bull trend remains intact as bulls are keeping the market above a multi-month bull trendline (dotted line). 
  • EUR/GBP is trading above the 0.9000 figure and the 200-period simple moving average, confirming the bullish bias. The next targets to the upside are located near 0.9056 (August 13, 2017 low) and the 0.9100 figure. 
  • A bear breakout below 0.8940 (August 14 high) would put the bull trend on hold.

 
EUR/GBP 15-min

Spot rate:                0.9016
Relative change:     -0.14%     
High:                       0.9031
Low:                        0.8989

Main Trend:            Bullish

Resistance 1:         0.9030 September 3 
Resistance 2:         0.9048 current 2018 high
Resistance 3:         0.9056 August 13, 2017 low
Resistance 4:         0.9100 figure
Resistance 5:         0.9121 September 10, 2017 high
Resistance 6:         0.9171 September 8, 2017 open


Support 1:              0.9000 figure
Support 2:              0.8965 supply/demand level
Support 3:              0.8940 August 14 high
Support 4:              0.8900 July 9 high
Support 5:              0.8868, 13 July high
Support 6:              0.8840 supply level

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