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EURGBP Remains Bullish, Resumes Broader Uptrend

EURGBP- The cross faces further upside pressure after resuming its short term uptrend the past week. Support lies at the 0.9000 level where a violation will turn focus to the 0.8950 level. A break will expose the 0.8900 level. Resistance resides at the 0.9050 level where a violation if seen will turn risk towards the 0.9100 level. Further up, resistance resides at 0.9150 level followed by the 0.9200 level. Its weekly RSI is bullish and pointing higher suggesting further strength. All in all, EURGBP remains biased to the upside further bullishness.

 

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By FXTechstrategy.com

 

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About Louie Lewis

Louie Lewis
Successful forex trading starts with you first. Then comes the actual strategies and techniques. I have been involved with forex and forex trading for a few years now. It is a wonderful way to build wealth. The learning never stops and I want to help others along their journey into this wonderful market of opportunity.

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