Tanalys

EUR/GBP Intraday: bullish bias above 0.716.

Pivot: 0.716

Our preference: Long positions above 0.716 with targets @ 0.7225 0.726 in extension.

Alternative scenario: Below 0.716 look for further downside with 0.711 0.706 as targets.

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

Supports and resistances:

0.73 *

0.726 *

0.7225 *

0.7175 Last

0.716 ***

0.711 **

0.706 *

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