EUR/GBP Н4 Here we are likely seeing prices being squeezed below the level in order to test this resistance and thus potentially continue the northern direction. In this case, if the resistance is successfully broken and then held above, the northern direction will be continued with the target level at the resistance level of 0.8790. After testing this level, prices may pull back to the just overcome level. The moving average is currently pointing north but is providing some resistance. Moving away from this resistance now implies a move towards the support at 0.8690. Wishing everyone a great weekend.
