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3 Sep 2018
EUR/GBP Technical Analysis: Bulls keep the uptrend going now looking at 0.9100 figure
- EUR/GBP bulls are resuming the bull trend by lifting the cross nearly a 100-pips in the last two days.
- The 50-period simple moving average (SMA) broke above the 100 and 200 SMA suggesting bullish momentum. The market also reclaimed the 0.9000 psychological level. Bulls will set their eyes on 0.9056 and 0.9100 figure targets.
- A bear breakout below 0.8940 would invalidate the bull bias.
EUR/GBP 15-minute chart
Spot rate: 0.9020
Relative change: 0.76%
High: 0.9035
Low: 0.8967
Main Trend: Bullish
Resistance 1: 0.9000 figure
Resistance 2: 0.9032 former 2018 high
Resistance 3: 0.9048 current 2018 high
Resistance 4: 0.9056 August 13, 2017 low
Resistance 5: 0.9100 figure
Resistance 6: 0.9121 September 10, 2017 high
Resistance 7: 0.9171 September 8, 2017 open
Support 1: 0.8965 supply/demand level
Support 2: 0.8940 August 14 high
Support 3: 0.8900 July 9 high
Support 4: 0.8868, 13 July high
Support 5: 0.8840 supply level