EUR/GBP is showing increasing short-term buying interest near the weak support at 0.8899 (19/09/2017 low). However, as long as prices are below the resistance at 00.9046 (05/09/2017 high), the shortterm technical structure is biased to the downside Hourly support is given at a distance at 0.8746 (27/09/2017 low).
In the long-term, the pair has largely recovered from recent lows in 2015. The technical structure suggests a growing upside momentum. The pair is trading above from its 200 DMA. Strong resistance can be found at 0.9500 (psychological level).
