EUR/GBP is bouncing back from 0.8806 (21/02/2018 low) following strong overnight selling pressures, approaching hourly resistance at 0.8846 (12/12/2017 high). Hourly resistance remains at 0.8774 (11/12/2017 low). The technical structure suggests further short-term upside moves.
In the long-term, the pair has largely recovered from 2015 lows. The technical structure suggests further upside pressure. The pair is trading below its 200 DMA. Strong resistance can be found at 0.9500 (psychological level) while support remains at 0.8304 (05/12/2016 low).
 following strong overnight selling pressures, approaching hourly resistance at 0.8846 (12/12/2017 high). Hourly resistance remains at 0.8774 (11/12/2017 low). The technical structure suggests further short-term upside moves.){kind=link}