EURGBP- With the cross halting its weakness and consolidating, it looks to recover higher. On the downside, support lies at the 0.7150 level where a break will expose the 0.7100 level. Further down, support comes in at the 0.7050 level where a violation will turn attention to the 0.7000 level.
On the upside, resistance lies at the 0.7250 level where a violation if seen will turn focus to the 0.7300 level. Its daily RSI is bullish and pointing higher suggesting further recovery. On further upside, a breach of the 0.7350 level will set the stage for a run at the 0.7400 level. All in all, the cross is biased to the upside on recovery following its recent bullish offensive.
See how to trade the consumer confidence number with EUR/USD.
