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

Cross EUR/GBP approached the significant support of 0.8960-50, which corresponds to the lower limit of the three-week upward channel after a decline at the speech of the ECB President. An additional factor to strengthen the pair is the bullish divergence of the MACD indicator. Purchase deals for the EUR/GBP pair should be considered when this pair is returned above the level of 0.9000-0.8980. This will open the way to resistance levels: 0.9050 and 0.9080. Support is located at the levels: 0.8960 and 0.8940, the update of which will cast doubt on the uptrend safety.

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Hanzenko Anton

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