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EURGBP Maintains Upside Pressure Short Term

EURGBP looks to extend its upside pressure as it retains its upside pressure. On the downside, support stands at the 0.8900 level where a violation will turn focus to the 0.8850 level. A break below here will aim at the 0.8800 level. Further down, support comes in at 0.8750 level. Conversely, resistance lies at the 0.9000 level. A violation if seen will turn risk towards the 0.9050 level. Further up, resistance comes in at 0.9100 level followed by the 0.9150 level. All in all, EURGBP remains biased to the upside in the new week.

Mohammed Isah is a co-founder, technical strategist and head of research at He has been trading and analyzing the foreign exchange market for the past 7 years. He formerly traded stocks before crossing over to the forex market where he worked for FXInstructor LLC as a technical analyst and head of research before Joining

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