On Tuesday EURGBP continued its appreciation. Bulls were was able to break the resistance at 0.8740 and are currently moving towards 0.8860. EURGBP reached the level at which it was last in February 2013. Today (Wednesday) the last peak may be crossed and thus bulls could reach level higher than it was in October 2011.
Further resistance, and thus demand for further targets are at levels: 0.8860, 0.8940, 0.9060. If there will be any correction support is at 0.8740. So far we do not see any force in the bears camp and therefore each of the indicated resistances could be a realistic goal which soon EURGBP can reach.
