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

After the negotiations on Brexit again went into the background, the cross EUR/GBP restrainedly went to correction. As a result, this pair formed a weekly uptrend, the lower border of which corresponds to the level of 0.8760. From this level, it is worth considering buying with targets: 0.8790 and 0.8810-20. At the same time, support is located at the level of 0.8750-40, consolidation below which will cancel expectations for strengthening and will call into question the correctional movement.

Fig. EUR/GBP. The current price is 0.8770.

Hanzenko Anton