Cross-rates signals: EUR/GBP remains in an uptrend

The EUR/GBP cross at the start of the week was under pressure of correction, while the minimum of Friday was not updated. This confirms the safety of the upward dynamics and unloads the overbought indicators for a new phase of growth.

From the pair EUR/GBP is expected to resume growth from zone 0.8950-80 with a test of resistance levels: 0.9020 and 0.9050-30. Fixing the pair below 0.8930 and 0.8910-00 cancels expectations for growth.

Read also: “Crypto-currency – new gold or old pyramids”

Hanzenko Anton

Earn with the help of the trade service on the news Erste News!

Topical articles of the trader’s blog:

1. Collapse of the Turkish lira. A threat to the market!
2. Medium-term prospects for the US dollar for August-September
3. Emerging markets and their prospects: Chinese yuan (CNH or CNY)

Current Investment ideas:

1. Preparing to have profits on an optimistic report of Alcoa Inc.!
2. On weak reporting of Boeing shares we can get a strong income!