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EUR/GBP has edged higher from session lows at 0.7042, and is currently trading at 0.7067.
- Immediate resistance is located at 0.7111 (Daily High Nov 4) and support is seen at 0.7055 (Daily Low Nov 4)
- Sterling bulls wait on the sidelines ahead of the BOE's rate decision, minutes and quarterly inflation report
- Momentum still with the bears, further weakness is on the cards, breaks below 0.7025 could take the pair to 0.6950 levels
Resistance Levels:
R1: 0.7111 (Daily High Nov 4)
R2: 0.7145 (10 DMA, High Nov 3)
R3: 0.7152 (Tenkan-Sen)
Support Levels:
S1: 0.7055 (Daily Low Nov 4)
S2: 0.7027 (Daily Low Aug 18)
S3: 0.7016 (Daily Low Aug 7)
