EUR/GBP stabilizes slightly below resistance resistance at 0.8929 (12/01/2018 high). Hourly support remains at 0.8687 (25/01/2018). The technical structure suggests further short-term sideways move.
In the long-term, the pair has largely recovered from 2015 lows. The technical structure suggests further upside pressure. The pair is trading above its 200 DMA. Strong resistance can be found at 0.9500 (psychological level) while support remains at 0.8304 (05/12/2016 low).
. Hourly support remains at 0.8687 (25/01/2018). The technical structure suggests further short-term sideways move.){kind=link}