EUR/GBP dipped to a low of 0.8671 (just one pip above our stop) before taking of strongly again, breaking above minor resistance at 0.8769 and now awaits the much more important key-resistance at 0.8866 and a break above here will confirm the next impulsive rally to above 0.9499 is unfolding.
Short-term we see support in the 0.8730 - 0.8750 area.
R3: 0.8866
R2: 0.8819
R1: 0.8792
Pivot: 0.8775
S1: 0.8752
S2: 0.8736
S3: 0.8721
Trading recommendation:
We remain long EUR from 0.8765 with our stop placed at 0.8670.
The material has been provided by InstaForex Company - www.instaforex.com