0,8567. EUR GBP broke 0,8515 resistance. EUR GBP is in a consolidation after the last bullish movement. EUR GBP moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Bollinger bands are deviated. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR GBP. The price should find a resistance below 0,8600 (33 pips). The consolidation should continue.
Resistances
0,8575 - 0,8600
Supports
0,8515 - 0,8470

tags: Forex, eurgbp
author: Arnaud Jeulin
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