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Add as a preferred source on Google FxWirePro: EUR/GBP breaks major trendline resistance at 0.8355, good to go long on dips EUR/GBP has broken major trendline resistance at 0.8355 on the hourly charts. The pair finds strong support by 20-DMA at 0.8282 on the daily charts, weakness only on break below. Upside finds next hurdles at 0.84, 0.8416…
By FxWire Pro Jul 18, 2016, 4:05 AM UTC
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EUR/GBP has broken major trendline resistance at 0.8355 on the hourly charts.
The pair finds strong support by 20-DMA at 0.8282 on the daily charts, weakness only on break below.
Upside finds next hurdles at 0.84, 0.8416 (July 15 high) and then at 0.8458 (1H 200 MA).
Supports on the downside are seen at 0.8282 (20-DMA), break below could drag the pair to 0.8206 (June 29 low).
Recommendation: Good to go long on dips around 0.8350/60, SL: 0.8280, TP: 0.84/ 0.8420/ 0.8455
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