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EUR/GBP Technical Analysis: price making bullish tracks above bearish triangle resistance

  • EUR/GBP is above the 0.8832/40 (21-D SMA) bearish triangle support and making bullish advances. 
  •  The 0.9034 October 2017 high on the wide is a key upside.

EUR/GBP daily chart, price above bearish triangle resistance

Spot rate:               0.8890
    
High:                      0.8914
Low:                       0.8888

Trend:                    Bullish

Resistance 1:        0.8920
Resistance 2:        0.8943 (5th May tops). 
Resistance 3:        The 0.9034 October 2017 high on the wide is a key upside.

Support 1:              0.8852 (10-D SMA)         
Support 2:              0.8832/40 (21-D SMA) bearish triangle support
Support 3:              0.8620 protects a run towards 0.8526 as being the 78.6% retracement of the move from 2017 on the wide.  

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