EUR/GBP is again trying to break through the key-resistance at 0.8866. It should be a matter of time before this resistance is wiped out and a strong rally towards 0.9066 will start. The pair may grow above the former peak at 0.9499.
Support is currently seen at 0.8815, which we expect will be able to protect the downside before the next attempt to break above the key resistance at 0.8866.
R3: 0.8913
R2: 0.8866
R1: 0.8852
Pivot: 0.8838
S1: 0.8815
S2: 0.8795
S3: 0.8775
Trading recommendation:
We are long EUR from 0.8760 with our stop placed at 0.8670
