EUR/GBP has finally broken through key resistance at 0.8866. The pair is likely to move higher to 0.9066 as its first obstacle. However, in the longer-term, we should see EUR/GBP to go above the 0.9499 peak.
Support is now seen at the former resistance at 0.8866. This should ideally protect the downside for a continuation higher to 0.9066 and ultimately to 0.9499.
R3: 0.9183
R2: 0.9066
R1: 0.8987
Pivot: 0.8934
S1: 0.8914
S2: 0.8866
S3: 0.8850
Trading recommendation:
We buy EUR from 0.8760 and we will move our stop higher to 0.8815
The material has been provided by InstaForex Company - www.instaforex.com