EUR/GBP Technical Levels: Prepped for another leg higher

• The upside break of the descending trendline seen in the 15-minute chart indicates the pull back from the 10-month high of 0.9030 has likely run its course.
• EUR/GBP looks set to revisit the previous day's high of 0.9030 and may rise further if the UK GDP, industrial production and trade balance data paints a negative picture of the economy.

15-minute chart

Spot Rate: 0.8985

Daily High: 0.8990

Daily Low: 0.8981

Trend: Bullish

Resistance

R1: 0.90 (psychological level)

R2: 0.9017 (resistance as per the hourly chart)

R3: 0.9030 (previous day's high)

Support

S1: 0.8981 (support as per the hourly chart)

S2: 0.8966 (100-hour moving average)

S3: 0.8950 (daily pivot support 2)