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FxWirePro: EUR/GBP finds stiff resistance at 0.90, trades narrow range ahead of UK unemployment data

EUR/GBP trades a narrow range as markets await ILO unemployment data due ahead in the EU session. The pair finds stiff resistance at 0.90 levels, bias remains lower below 5-DMA at 0.8983. Technical indicators on daily ch…

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FxWirePro: EUR/GBP finds stiff resistance at 0.90, trades narrow range ahead of UK unemployment data
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  • EUR/GBP trades a narrow range as markets await ILO unemployment data due ahead in the EU session.
     
  • The pair finds stiff resistance at 0.90 levels, bias remains lower below 5-DMA at 0.8983.
     
  • Technical indicators on daily charts support downside, Stochs, RSI and MACD support bears.
     
  • Major support levels - 0.8936 (hourly 20-SMA), 0.8831 (20-DMA), 0.88 (trendline)
     
  • Major resistance levels - 0.8984 (5-DMA), 0.90 (trendline), 0.9030 (Oct 18 high)
    ​

Recommendation: Good to sell rallies around 0.8955/60, SL: 0.90, TP: 0.89/ 0.8830/ 0.88
 

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