EUR/GBP came dangerously close to test the short-term important support level at 0.8980 but stoppped at 0.8984 which keeps our bullish outlook alive. We would like to see a clear break above minor resistance at 0.9063 soon to confirm our bullish outlook and the next impulsive rally higher towards the former peak at 0.9148 on the way higher to 0.9298.
Short-term important support remains at 0.8980.
R3: 0.9108
R2: 0.9080
R1: 0.9063
Pivot: 0.9034
S1: 0.9021
S2: 0.9006
S3: 0.8980
Trading recommendation:
We bought EUR at 0.9025 and we have our stop at 0.8975
