View full page at forexfactory.com

 

EUR/GBP technical analysis: upside bias still intact

From capital.com

The euro remains trapped between the 0.9000 and 0.9100 level against the British pound, as both currencies strengthen on the foreign exchange market. EUR/GBP technical analysis shows that a bullish reversal pattern is projecting more strength towards the 0.9200 level. The EUR/GBP pair continues to enjoy strong buying demand, as traders continue to buy any dips towards the 0.9000 support area. EUR/GBP analysis shows that the pair could start to trade towards the 0.9270 resistance level over the medium-term horizon. The daily time frame shows that the EUR/GBP pair may be preparing to rally towards major trendline ... (full story)

Story Stats

  • Posted:
  • Category: Technical Analysis