Big level to watch out for on EUR/GBP

The key level to watch out for on the higher side is 0.9070 – 161.8% Fibonacci extension of the rally from 1999 low. The level acted as a good resistance in 2010, 2011, and 2016. The spike above 0.9070 last year was short lived.

The MACD shows the bullish move is again gathering pace… the RSI is rising as well

EURGBP M1 (07-18-2017 1644).png

 

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