- EUR/GBP continued its upward move on Wednesday seen from the last few sessions.
- It rose above 55 EMA and hit a fresh high at 0.7169 levels before sliding to 0.7147 levels. 5 and 15 MA crossover suggests further uptrend for the pair.
- It faces immediate resistance at 0.7159 (high Jul 27) and a break above could see it testing 0.7202 levels (Jul 13 high).
- Long term outlook remains bearish.
Resistance Levels:R1: 0.7159 (high Jul 27)R2: 0.7202 (high Jul 13)R3: 0.7222 (high Jul 10)
Support Levels:S1: 0.7076 (Kijun Sen)S2: ?0.7039 (low )S3: 0.7016 (low Jul 31)
The material has been provided by InstaForex Company – www.instaforex.com