Cross-rates signals: EUR / GBP maintains an uptrend

The cross-rate EUR / GBP, after differently directed fluctuations in the growth of political risks in the UK and their further decline, demonstrated multidirectional dynamics. As a result, EUR / GBP significantly increased intraweek volatility, but maintained an upward trend.

The return of the EUR / GBP pair above 0.8840-50 will indicate the resumption of the uptrend and will open the way to resistance levels: 0.8870 and 0.8900. At the same time, the main support is located at the levels: 0.8810 and 0.8790, consolidation below which calls into question the safety of the uptrend.

Read also: “Martingale and the application of its strategy on cross-rates”

Hanzenko Anton

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

Topical articles of the trader’s blog:

1. Procter & Gamble gave an opportunity to earn! Analysis of the investment idea of ​​June.
2. State bonds, as a factor to buy one or another currency.
3. The US mitigates the positions on foreign investment!