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4 Sep 2018
EUR/GBP Technical Analysis: Bull trend intact - 0.9100 figure next target
- EUR/GBP main bull trend remains intact as bulls are keeping the market above a multi-month bull trendline (dotted line).
- EUR/GBP is trading above the 0.9000 figure and the 200-period simple moving average, confirming the bullish bias. The next targets to the upside are located near 0.9056 (August 13, 2017 low) and the 0.9100 figure.
- A bear breakout below 0.8940 (August 14 high) would put the bull trend on hold.
EUR/GBP 15-min
Spot rate: 0.9016
Relative change: -0.14%
High: 0.9031
Low: 0.8989
Main Trend: Bullish
Resistance 1: 0.9030 September 3
Resistance 2: 0.9048 current 2018 high
Resistance 3: 0.9056 August 13, 2017 low
Resistance 4: 0.9100 figure
Resistance 5: 0.9121 September 10, 2017 high
Resistance 6: 0.9171 September 8, 2017 open
Support 1: 0.9000 figure
Support 2: 0.8965 supply/demand level
Support 3: 0.8940 August 14 high
Support 4: 0.8900 July 9 high
Support 5: 0.8868, 13 July high
Support 6: 0.8840 supply level