EURGBP - Intraday - We look to Sell at 0.9000 (stop at 0.9025)
divergence can be seen on the (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted momentum, or at least a correction lower. Price action has formed an expanding formation. The trend of higher lows is located at 0.8930. The formation has a measured move target of 0.8826. Bespoke support is located at 0.8932. Preferred trade is to sell into rallies.
Our profit targets will be 0.8830 and 0.8800
Resistance: 0.9000 / 0.9010 / 0.9080
Support: 0.8930 / 0.8825 / 0.8800