• RES 4: 0.9097 76.4% Retracement of the Sep 26 - Dec 1 bear leg
• RES 3: 0.9023 2.0% 10-dma envelope
• RES 2: 0.8992 61.8% Retracement of the Sep 26 - Dec 1 bear leg
• RES 1: 0.8979 High Feb 3
• PRICE: 0.8907 @ 16:16 GMT Feb 7
• SUP 1: 0.8875/0.8852 Low Feb 2 / High Jan 25
• SUP 2: 0.8837 20-day EMA
• SUP 3: 0.8788 50-day EMA
• SUP 4: 0.8722 Low Jan 19 and a reversal trigger

EURGBP trend conditions remain bullish despite the Monday-Tuesday sell-off after last week’s gains. The cross remains within range of its recent highs. Resistance at 0.8897, the Jan 13 high and a recent bull trigger, has been cleared. The breach confirms a resumption of the uptrend that started early December and sights are on 0.8992, a Fibonacci retracement. Note that moving average studies are in a bull-mode position. First key support to watch lies at 0.8837, the 20-day EMA.