Cross-rate signals: cross EUR / GBP maintains an uptrend

Despite the aggravation of political risks in Germany, the cross-rate EUR / GBP continues to maintain a weekly uptrend, which is due to the continued positive signals for the euro area and risks in the UK.

Thus, closing the EUR / GBP pair above 0.8850 will indicate the continuation of the uptrend and will open the way to resistance levels: 0.8900 and 0.8930-50. At the same time, support is located at the levels: 0.8830 and 0.8800.

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Hanzenko Anton