Tanalys

EUR/GBP Intraday: bullish bias above 0.706.

Pivot: 0.706

Our preference: Long positions above 0.706 with targets @ 0.7105 0.714 in extension.

Alternative scenario: Below 0.706 look for further downside with 0.7035 0.7 as targets.

Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances:

0.717 *

0.714 *

0.7105 *

0.7076 Last

0.706 ***

0.7035 **

0.7 *

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