Since my last post on this pair on 23 July, the pair has been moving sideways and eventually hit the 0.90/10 resistance I mentioned in my post. The pair once again closed with an indecision candle on the Daily on Friday and a bullish candle on the Weekly chart. I have a short term target of 0.92 and a break above should open up to 0.95 with “parity” just above for the longer term perhaps. A break below 0.90 will take us to 89/88.50 support. Brexit negotiations and the uncertainty thereof will continue to create “noise” on this pair and reason why I favor EUR for more bullishness on this pair.

EURGBP - 6 AUG

Source: MARYNA

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