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EUR/GBP Waiting For Another Leg Higher

EUR/GBP is trading mixed but seems heading towards hourly resistance at 0.8929 (12/01/2018 high) while hourly support at 0.8687 (25/01/2018) is distanced. The technical structure suggests further short-term upside move.

In the long-term, the pair has largely recovered from lows in 2015. The technical structure suggests further upside pressure. The pair is trading above the range of its 200 DMA. Strong resistance can be found at 0.9500 (psychological level).

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