0,8684. EUR GBP is in an uptrend supported by 1H exponential moving averages. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 4H, daily ForexSto (Modified Stochastic) indicate a bullish pressure on EUR GBP. The price should find a resistance below 0,8700 (16 pips). The price should consolidate. If the resistance breaks then the target will be 0,8750 (66 pips).
0,8700 - 0,8750
0,8670 - 0,8640

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