The EUR/GBP pair did not dip to support at 0.9043 as it halted at 0.9088. It is likely to be heading for resistance at 0.9175. A break above here will clear the path for a quick rally to 0.9322 and the former peak at 0.9500.
Only an unexpected break below 0.9063 will open up for another decline to 0.9015 before the pair rises higher again.
R3: 0.9278
R2: 0.9225
R1: 0.9175
Pivot: 0.9135
S1: 0.9113
S2: 0.9093
S3: 0.9063
Trading recommendation:
We are long EUR from 0.8646 and we will raise our stop to 0.9000
