Cross-rates signals: EUR/GBP retains the potential to strengthen

The cross-rate EUR/GBP remains clamped in the upward triangle, which is limited to 0.8890, for the second week in a row. The breakthrough of this level will open the way to the resistance zone 0.8920-30. This will also call into question the safety of the three-month downward trend for this pair. Support levels are located at the levels: 0.8950 and 0.8930.

In a low-liquid market, the dynamics of cross-rates will remain limited and inactive.

Fig. EUR/GBP H4. The current price is 0.9880.

Hanzenko Anton