EUR/GBP continues to climb up as expected and a break above minor resistance at 0.9006 will call for a continuation of a rally higher to 0.9085 and 0.9183 as the next minor targets on the way higher. In the longer-term, we are looking for EUR/GBP to reach the former peak at 0.9499 and even break above here for a rally towards 0.9800.
Short-term support is seen at 0.8958 which is expected to be able to protect the downside for the expected break above 0.9000.
R3: 0.9085
R2: 0.9036
R1: 0.9000
Pivot: 0.8958
S1: 0.8941
S2: 0.8923
S3: 0.8908
Trading recommendation:
We are long EUR from 0.8760 and we will move our stop higher to 0.8860
