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Maintains A Firmer Tone

EURGBP TECHS
  • RES 4: 0.8553 High Dec 14 2020
  • RES 3: 0.8512 High Mar 31 and a key resistance
  • RES 2: 0.8501 2.0% 10-dma envelope
  • RES 1: 0.8468 Intraday high
  • PRICE: 0.8457 @ 06:36 BST Apr 27
  • SUP 1: 0.8393/8363 Low Apr 26 / 50-day EMA
  • SUP 2: 0.8313 Low Apr 22
  • SUP 3: 0.8250 Low Apr 14 and key short-term support
  • SUP 4: 0.8203 Low Mar 7 and the bear trigger

EURGBP maintains a firmer tone. Recent trong gains have resulted in a break of resistance at 0.8405, the Apr 11 high, which marked a key short-term resistance. The break of this level highlighted a bullish development and has also resulted in a break above 0.8435, the Apr 4 high. An extension would open 0.8512. Initial firm support lies at 0.8363, the 50-day EMA.

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