As you can see at daily chart below EURGBP is in bullish trend and right now rebound from key area. In this zone there are few important supports:

  • Line set from July 6th high
  • Dynamic support proved by 20 SMA
  • Horizontal level next to 0.8880 (resistance form 2011)

2610-eurgbp

On the H4 chart price came back above 20 EMA what can cause us to look for long opportunity according to the trend. The closest resistance is at 0.8979. Its breaking should open way to another levels next to 0.9052 and 0.9130.

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2610-eurgbp-h4

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