Cross-rates signals: EUR / GBP is waiting for correction
Cross-rate EUR / GBP, after another growth in maintaining political risks and weak statistics for the UK, updated a maximum of four months, thereby closely approaching the maximum of the year 0.8960. Also, this cross is limited to a significant overbought and the upper boundary of the trade channel, from which it is expected to repel.
The turning zone for EUR / GBP is the zone from 0.8940-30 to 0.8900. The consolidation below, which will open the way to the support levels: 0.8870 and 0.8850. The resistance is the level of 0.8960.
Read also: “On the Waves of the Forex: Reserve Bank of Australia”
Hanzenko Anton
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