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EUR/GBP may rise to 0.8644 - 0.8690 1hr/4hr/1day
Euro / British Pound
Long
EUR/GBP may rise to 0.8644 - 0.8690 1hr/4hr/1day
By Daniel_Thompson
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May 8
1
May 8
Weekly chart is also bullish.
Pivot
0.8515
Our preference
Long positions above 0.8515 with targets at 0.8644 & 0.8690 in extension.
Alternative scenario
Below 0.8515 look for further downside with 0.8460 & 0.8410 as targets.
Comment
The RSI calls for a new upleg.
Supports and resistances
0.8725
0.8690
0.8644
0.8605 Last
0.8515
0.8460
0.8410
Number of asterisks represents the strength of support and resistance levels.
Fundamental Analysis
Technical Indicators
Trend Analysis
Daniel_Thompson
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