EUR/GBP Focus Shifts To Recovery Higher

Forex Trades • Feb 26, 2020 at 4:34 PM EST

EUR/GBP looks to recover further higher on correction. On the downside, support stands at the 0.8400 level where a violation will turn focus to the 0.8350 level.

EUR/GBP looks to recover further higher on correction. On the downside, support stands at the 0.8400 level where a violation will turn focus to the 0.8350 level. A break below here will aim at the 0.8300 level. Further down, support comes in at 0.8250 level. Conversely, resistance lies at the 0.8450 level.

A violation if seen will turn risk towards the 0.8500 level. Further up, resistance comes in at 0.8550 level followed by the 0.8600 level. Its daily RSI is bullish and pointing higher suggesting more gain. All in all, EUR/GBP remains biased to the upside on further short term correction.

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