EUR/GBP has recovered from the 0.8936 low. More upside pressure is expected to above the 0.9175 peak and ultimately higher towards 0.9499 peak.
Short-term we could see a minor set-back to support near 0.9034 where the next push higher should be expected. Only a break below 0.8936 will cause a revision of our bullish outlook.
R3: 0.9175
R2: 0.9113
R1: 0.9074
Pivot: 0.9064
S1: 0.9050
S2: 0.9034
S3: 0.9012
Trading recommendation:
We are long EUR from 0.8646 and we will move our stop higher to 0.8630.
