(06 AUGUST 2018)EUR/GBP:Key resistance at 0.8905.

(06 AUGUST 2018)EUR/GBP:Key resistance at 0.8905.

6 August 2018, 10:04
Jiming Huang
0
65

eg

Pivot (invalidation): 0.8905

Our preference

Short positions below 0.8905 with targets at 0.8885 & 0.8875 in extension.

Alternative scenario

Above 0.8905 look for further upside with 0.8915 & 0.8925 as targets.

Comment

The upward potential is likely to be limited by the resistance at 0.8905.

(By Swissquote TRADING CENTRAL) 

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