Cross-rates signals: EUR/GBP is near the pivot zone

Cross EUR/GBP is trading in a restrained manner, under the pressure from the expectations of stimulating the economy in the eurozone. It should be noted that the risks of a hard Brexit for the pound look undervalued in this pair. Significant support levels for the EUR/GBP pair at the levels: 0.8970-80 and 0.8950, which are the reversal zone.

Deals for buy should be considered when a zone breaks through 0.9000-10 and a reversal will be formed.

Resistance levels and goals are located at 0.9040 and 0.9070.

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Hanzenko Anton

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