Relevance up to 23:00 2020-05-14 UTC–5
EUR/GBP is again trying to break through the key-resistance at 0.8866. It should be a matter of time before this resistance is wiped out and a strong rally towards 0.9066 will start. The pair may grow above the former peak at 0.9499.
Support is currently seen at 0.8815, which we expect will be able to protect the downside before the next attempt to break above the key resistance at 0.8866.
We are long EUR from 0.8760 with our stop placed at 0.8670
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
Performed by Torben Melsted,
InstaForex Group © 2007-2020
Benefit from analysts’ recommendations right now
Top up trading account
Get a bonus from InstaForex
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.