EUR/GBP has seen a significant bullish move over the last couple of hours off the back of a strong climb from the lows at 0.8877 from last week. Price has now pushed past and closed on the 4H timeframe above the strong resistance at 0.9135. At the end of today if the daily candle closes above this strong level of resistance we will be looking for long opportunities heading into tomorrows day of trading. If it does close above 0.9135, daily targets of 0.9285 and 0.9387 seem likely.
If price closes back below 0.9135 on the daily timeframe this analysis will be invalidated.
If price closes back below 0.9135 on the daily timeframe this analysis will be invalidated.