The EUR/GBP has recently made a u-turn after the V shaped reversal formed and pushed the price from the D L4 support. At this point the POC zone is
The EUR/GBP has recently made a u-turn after the V shaped reversal formed and pushed the price from the D L4 support. At this point the POC zone is 0.8790-0.8805 (D L3, EMA89, ATR pivot, 50.0, W H3, historical buyers) and if the price gets into the zone again, we might see another push to the upside targeting 0.8833. If the price manages to stay above the inner trend line at 0.8820, I expect D H3 retest -0.8833 and hourly close above D H3 should give another positive impulse to the pair that with targets at 0.8853 and 0.8885.
EUR/GBP 1H Chart
Daily technical analysis is written by Nenad Kerkez, a senior analyst at Admiral Markets
