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Instrument: EURGBP
Technical Analysis
Bullish Preference:
Buy is envisage if price trades above 0.86353 with take profit at 0.86470.
Bearish Preference:
Sell is envisaged if price trades below 0.86007 with take profit at 0.85895.
Fundamentals:
None with high impact.
Comment: The EUR/GBP cross edged lower through the first half of the European session and dropped to fresh one-month-lows, around the 0.8575 region.
Price currently is trading above the 22 M.A which is serving as a support to price at the moment. Generally, the Pair is looking to be on an upward trend but until it breaks the resistance at 0.86330 nothing is really certain.
Analysis: SCRUM Team
