EURGBP - Targeting previous resistance
EURGBP - Intraday - We look to Buy at 0.9100 (stop at 0.9060)
Prices have continued the bullish move higher and resulted in 2 consecutive positive days. The overnight dip has been bought into and there is scope for further bullish pressure going into this morning. Upward pressure has continued overnight and the previous resistance area of 0.9175 is now under pressure. We have a 61.8% Fibonacci pullback level of 0.9183 from 0.9500 to 0.8683.
Our profit targets will be 0.9180 and 0.9225
Resistance: 0.9175 / 0.9183 / 0.9225
Support: 0.9100 / 0.9075 / 0.9040
Prices have continued the bullish move higher and resulted in 2 consecutive positive days. The overnight dip has been bought into and there is scope for further bullish pressure going into this morning. Upward pressure has continued overnight and the previous resistance area of 0.9175 is now under pressure. We have a 61.8% Fibonacci pullback level of 0.9183 from 0.9500 to 0.8683.
Our profit targets will be 0.9180 and 0.9225
Resistance: 0.9175 / 0.9183 / 0.9225
Support: 0.9100 / 0.9075 / 0.9040
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