EURGBP: Retains Broader Uptrend But With Caution
Mohammed Isah of - - Sat Aug 12, 7:38AM CDT
EURGBP- The cross faces further consolidation with downside threats after closing on a rejection candle on Friday. Support lies at the 0.9040 level where a violation will turn focus to the 0.9000 level. A break will expose the 0.8950 level. Resistance resides at the 0.9150 level where a violation if seen will turn risk towards the 0.9200 level. Further up, resistance resides at 0.9250 level followed by the 0.9300 level. Its daily RSI is bullish and pointing higher suggesting further strength. All in all, EURGBP remains biased to the upside short term

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