EUR/GBP - EUR/GBP - Profit Locked; Next Level to Watch 0.9260 - 08/08/2017 (GMT)

EUR/GBP surged to a 10-month high and locked our target at 0.9050 surpassing the 0.9000 psychological level, as well as the 0.9000 – 0.9050 significant area, after period of consolidation below that zone (see technical analysis: http://bit.ly/2umIbhO). The pair is trading above all the three 50, 100 and 200-day SMAs, which are pointing upwards, and retains its bullish attitude.

The next level to the upside for the pair is 0.9260. Technical indicators are also signalling for uptrend continuation. MACD oscillator crossed above its trigger line and is rising while RSI indicator is about to jump above the 70 level.