Technical Chart pick of the day: EURGBP – Bullish
· On a technical perspective, the trend is bullish, with prices above the 20, 40, 100 and 200 EMA.
· Prices failed to break below the 20 EMA and rebounded. This indicates that buying strength is present.
· Based on the pivot point analysis, prices are above the pivot level. This signifies bullishness.
Resistance: R1: 0.89339, R2: 0.89438, R3: 0.89703
Support: S1: 0.89074, S2: 0.88908, S3: 0.88643