Tanalys

EUR/GBP Intraday: bullish bias above 0.7135.

Pivot: 0.7135

Our preference: Long positions above 0.7135 with targets @ 0.72 0.7235 in extension.

Alternative scenario: Below 0.7135 look for further downside with 0.7115 0.709 as targets.

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

Supports and resistances:

0.7255

0.7235

0.72

0.7163 Last

0.7135

0.7115

0.709

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