EUR/GBP Have create a good support mayor on area 0.88750 and have rejection for break in this zone.
Same and for resistance where create up in 0.91300 so you can based for good entry with low risky.
Same and for resistance where create up in 0.91300 so you can based for good entry with low risky.
Comment:
0.90 has been the baseline level for EUR/GBP over the last year. Now, as Brexit tension is over, and the emotional element in the pair’s behavior is weaker, it is likely to follow fundamentals more. In the mid-term, it will be about which one’s economy is weaker against the virus fallout: the UK, or Europe. In the long-term, when the virus will be gone (more or less, eventually), it’s about which one’s economy is more robust and attractive to investors. In the latter comparison, the EU seems to be up for a better outlook. Therefore, in the mid-term, EUR/GBP will possibly fluctuate around 0.90 and may check the depths of 0.87. However, in the long-term, 0.93 may be a very feasible target for bulls.