EUR/GBP: Bullish, Targets Further Upside Pressure

 | Aug 25, 2018 08:27AM ET


EUR/GBP- The pair continues to retain its upside pressure closing higher the past week and opening the door for more strength. 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. Conversely, resistance resides at the 0.9100 level where a violation if seen will turn risk towards the 0.9150 level. Further up, resistance resides at 0.9200 level followed by the 0.9250 level. All in all, EUR/GBP remains biased to the upside on bull pressure.