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EURGBP – barrage of support seen close to 0.8965

EURGBP - Intraday - We look to Buy at 0.8965 (stop at 0.8940)

The trend of lower highs is located at 0.9030. Selling pressure from 0.9051 resulted in all the initial daily gains being overturned. Bespoke support is located at 0.8965. The 261.8% Fibonacci extension is located at 0.8956 from 0.9051 to 0.9015. Preferred trade is to buy on dips. The medium term bias is neutral.

Our profit targets will be 0.9015 and 0.9030

Resistance: 0.9030 / 0.9051 / 0.9100
Support: 0.8965 / 0.8956 / 0.8940

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