LONG POSITION

EUR/GBP technical outlook
The EUR/GBP trades around 0.8576 in between the 100 and the 50-daily moving averages, while the 200-DMA stands at 0.8710. In the short term, the pair is in an uptrend. Strong resistance lies at the confluence of the 100-DMA and a psychological round level at 0.8600, whereas the July 20 high at 0.8669 is the second resistance, followed by 0.8700. On the other hand, the first support is the 50-DMA at 0.8550, followed by the 0.8500 and then this year low at 0.8450.



Wait some retracement before going long. also wait for price to give you that full confirmation.