EUR/GBP has rallied as ex[ected and has cleared resistance at 0.9025 indicating much more upside pressure towards 0.9499 in the weeks ahead. Nevertheless, it will not be in a straight line and therefore, we must accept short-term corrections and in the short-term we could see a dip to 0.9007 before the next advance towards 0.9184, 0.9275, and to 0.9499 and above.
R3: 0.9134
R2: 0.9090
S1: 0.9060
Pivot: 0.9038
S1: 0.9025
S2: 0.9007
S3: 0.8988
Trading recommendation:
We are long EUR from 0.8760 and we will raise our stop to 0.8910
The material has been provided by InstaForex Company - www.instaforex.com