Currency is sandwiched between the moving average 55 and 89 (resistance levels are 0.8515 and 0.8525) on the one hand and the middle with periods of 34 and 144 (0.8470/60 level of support) with another.MACD histogram is located in the negative zone, but above its signal line, continues to rise very slowly and thus sends a signal to buy EUR / GBP.
Stochastic Oscillator has merged with the boundary of the overbought and currently does not generate clear signals.
Because, trust only one clear signal is very risky, then as a confirmation that the forex market in the cross rates again could intensify bullish sentiment, we need to wait for the breakdown of the resistance level of 0.8500/10, which will open the path to levels of 0.8525 and 0.8575.
Resistance levels: 0.8500/10, 0.8525, 0.8550, 0.8575, 0.8600/10
Current Price: 0.8486
Support levels: 0.8470/60, 0.8440, 0.8420, 0.8400, 0.8380, 0.8340, 0.8300
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