EURGBP key support at 0.8285 remains intact, Feb 3 low. Last week’s recovery from 0.8306, Feb 24 low, suggests the short-term tone remains bullish and if correct, highlights potential for a stronger recovery towards the Feb 7 high of 0.8478. This represents a key short-term resistance. First support lies at 0.8306, whereas a breach of 0.8285 would resume the downtrend.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

Foreign Exchange Technical Analysis Homepage markets-real-time Bullet Markets Foreign Exchange News

Edward Hardy

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

Foreign Exchange Technical Analysis Homepage markets-real-time Bullet Markets Foreign Exchange News

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Short-Term Outlook Appears Bullish