EUR/GBP At Highest Point Since Early March
FxGrow | Mar 16, 2016 07:33AM ET
EUR/GBP highest since the beginning of march
Yesterday EUR/GBP broke above resistance at 0.7840. Upward movement may reach 0.7910 and next 0.8020 if demand won't fail. However if supply wins and price returns below 0.7840, nearest supports will be located at levels: 0.7710, 0.7610.
Wider view, time-frame W1
Since November 2015 EUR/GBP is moving in uptrend and corrections are very flat. It has to be noted that in long-term (since 2008) price moves were bearish. Currently only a break above 0.8150 will be a signal of trend reversal.
Time-frame H1
Time-frame W1
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