EURGBP - Psychological resistance targeted
EURGBP - Intraday - We look to Buy a break of 0.9000 (stop at 0.8970)
Price action has posted a bullish Engulfing Candle and is positive for short-term sentiment. Upward pressure has continued and the previous resistance area of 0.9000 is under threat. Price action is forming a bullish flag which has a bias to break to the upside. Bias is mildly bullish today but we need to see a break of 0.9000 to confirm the upward pressure.
Our profit targets will be 0.9060 and 0.9100
Resistance: 0.9000 / 0.9020 / 0.9060
Support: 0.8955 / 0.8915 / 0.8880
Price action has posted a bullish Engulfing Candle and is positive for short-term sentiment. Upward pressure has continued and the previous resistance area of 0.9000 is under threat. Price action is forming a bullish flag which has a bias to break to the upside. Bias is mildly bullish today but we need to see a break of 0.9000 to confirm the upward pressure.
Our profit targets will be 0.9060 and 0.9100
Resistance: 0.9000 / 0.9020 / 0.9060
Support: 0.8955 / 0.8915 / 0.8880
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