EURGBP highest since the beginning of march

Yesterday EURGBP broke above resistance at 0.7840. Upward movement may reach 0.7910 and next 0.8020 if demand won’t fail. However if supply wins and price returns below 0.7840 nearest supports will be located at levels: 0.7710, 0.7610.

Wider view, time-frame W1

Since November 2015 EURGBP is moving in uptrend and corrections are very flat. It has to be noted that in long term (since 2008) price moves were bearish. Currently only break above 0.8150 will be a signal of trend reversal.

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