Cross-rates signals: EUR/GBP is limited by an uptrend

The EUR/GBP cross last week is trading in a sideways trend on data on the cancellation of a number of Brexit requirements between Germany and the UK. As a result, this pair demonstrated multidirectional trade with high volatility.

It is worth noting that the overall upward trend in the pair remains. In conditions of maintaining the uptrend from the support levels: 0.8990-0.8970 it is worth considering the transaction for purchase. Support is located on the lower border of the uptrend: 0.8970 and 0.8950. Resistance are the marks: 0.9050 and 0.9070-90.

Read also: “Analysis of Japanese candlesticks – the main candlesticks models”

Hanzenko Anton

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