Tanalys

EUR/GBP Intraday: bullish bias above 0.708.

Pivot: 0.708

Our preference: Long positions above 0.708 with targets @ 0.717 0.719 in extension.

Alternative scenario: Below 0.708 look for further downside with 0.7055 0.702 as targets.

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

Supports and resistances:

0.7215

0.719

0.717

0.7118 Last

0.708

0.7055

0.702

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