0,8644. EUR GBP is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H, daily ForexSto (Modified Stochastic) indicate a bullish pressure on EUR GBP. The price should find a resistance below 0,8660 (16 pips). The consolidation should continue. If the resistance breaks then the target will be 0,8750 (106 pips).
Resistances
0,8660 - 0,8750
Supports
0,8625 - 0,8580

tags: Forex, eurgbp
author: Arnaud Jeulin
Mataf.net offers technical analysis, forex news and currency converter.