EUR/GBP Technical Analysis: New 2018 high - 0.9056 target hit - Bulls looking now at 0.9100 figure

  • EUR/GBP main bull trend remains intact as bulls are printing new 2018 highs at the time of writing.
  • EUR/GBP continues its ascent as the currency cross is progressing within a bull channel with rising 100 and 200-period simple moving averages. The new target is now 0.9100-0.9121 zone. 
  • A sustained bear breakout below 0.9000 would invalidate the bull bias. 

EUR/GBP 15-minute chart

Spot rate:                0.9062
Relative change:     0.17%     
High:                       0.9064
Low:                        0.9034

Main Trend:            Bullish

Resistance 1:         0.9048 current 2018 high
Resistance 2:         0.9056 August 13, 2017 low
Resistance 3:         0.9100-0.9121 zone, figure and September 10, 2017 high

Support 1:              0.9032 former 2018 high
Support 2:              0.9000 figure
Support 3:              0.8965 supply/demand level
Support 4:              0.8940 August 14 high
Support 5:              0.8900 July 9 high
Support 6:              0.8868, 13 July high
Support 7:              0.8840 supply level

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