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Technical CrossesEUR/GBP
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The pair rose stabilizing above the main ascending support once again, and is now trading above Linear Regression Indicators. Hereon, the possibility of a continuing bullish wave has returned, and stability above 0.8100 allows positivity to persist .
The trading range expected for today is between the key support at 0.7985 and the key resistance 0.8165.
The short-term trend is to the upside targeting 1.0370 as far as 0.7785 remains intact.
| Support | 0.8100 | 0.8055 | 0.8030 | 0.8000 | 0.7985 |
| Resistance | 0.8135 | 0.8165 | 0.8190 | 0.8200 | 0.8225 |
| Recommendation | Based on the chart and explanation above, our opinion is to buy the pair above 0.8100 targeting 0.8135, 0.8165 and 0.8190 and stop-loss with four-hour closing below 0.8060. | ||||
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