0,8683. EUR GBP is in an uptrend supported by 1H exponential moving averages. EUR GBP is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 0,8700 (17 pips). The consolidation should continue. If the resistance breaks then the target will be 0,8735 (52 pips).
Resistances
0,8700 - 0,8750
Supports
0,8670 - 0,8640

tags: Forex, eurgbp
author: Arnaud Jeulin
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