Сross-rates signals: EUR/GBP is near significant support

The EUR/GBP pair, after a decline at the start of the day, reached a significant support level of 0.8960-70, which corresponds to the lower limit of the general ascending channel. In the conditions of rebound from this level, we should expect the resumption of an uptrend.

Deals for buy should be considered in the range of 0.8990-0.9000.

With further test of resistance levels: 0.9040 and 0.9070. Support is located at the levels: 0.8960 and 0.8980, fixing a pair below which cancels expectations for growth.

Read also: “Stock Indices: The Japanese Market”

Hanzenko Anton

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