EUR/GBP broke strong resistance level 0.8700
- EUR/GBP broke strong resistance level 0.8700
- Next buy targets - 0.8900 and 0.9000
EUR/GBP has been rising steadily in the last few trading sessions inside the minor impulse wave (v) – which belongs to wave 3 from the start of September. The price earlier broke sharply through the strong resistance level 0.8700 (which stopped the previous minor impulse wave 1 in the middle of August) – which intensified the bullish pressure on this currency pair.
EUR/GBP is expected to rise further in the active impulse waves (v), 3 and (3) (which are a part of the primary impulse ③ from May) toward the next buy targets at the resistance levels 0.8900 and 0.9000.