EUR/GBP is currently lagging the power to attack key-resistance at 0.8866, but eventually, this key-resistance will come under fire. It is highly likely that this level will be broken and a new impulsive rally through the former top at 0.9499 can occur.
Support is seen in the 0.8689 - 0.8700 area. It is expected to continue to protect the downside for a firm test of key resistance at 0.8866. A break above minor resistance at 0.8788 will be the first strong indication of a test of key-resistance coming.
R3: 0.8866
R2: 0.8814
R1: 0.8788
Pivot: 0.8758
S1: 0.8725
S2: 0.8689
S3: 0.8670
Trading recommendation:
We are long EUR from 0.8765 with our stop placed at 0.8670
The material has been provided by InstaForex Company - www.instaforex.com