Cross-rates signals: EUR/GBP forms a reversal

Cross against the background of the Brexit scenario slowed down general growth near the psychological level of 0.8900. Previously, the growth of the pair was because of the political uncertainty around Brexit. The two-month downtrend persists. Recent statements by the Bank of England about its readiness to support the Brexit scenario could be an additional reason for the turn.

The sales zone for the EUR/GBP pair is in the range from 0.8880 to 0.8850, breaking downwards will open the way to support levels: 0.8800 and 0.8740. The resistance is the marks: 0.8900 and 0.8920.

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Hanzenko Anton

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