EURGBP Is Trading above 0.9000 Level

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By Deya Hroob

EURGBP



After falling to 0.8937 level last week, the pair rose back above 0.9000 level. The reason behind this is the European Central Bank meeting on Thursday but also the setup of the recovery fund ahead of the meeting between European leaders in Brussels on Friday.

Technically,
The pair is breaking up the falling wedge in 4h chart and trading above the moving averages which is a bullish sign.

However, it's trading near resistance structure as shown in the chart.
In the flip side, 0.9000 level and the moving averages will be the support.

Trade Wise and Good Luck,

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