Price on the key EUR/GBP cross (a daily chart of which is displayed) has just bounced cleanly off a major support region just above 0.8800. This occurs after price broke below an important uptrend support line late last week. From a technical perspective, there is currently somewhat of a bullish directional bias on this pair. With continued upward momentum off the current support bounce, price could potentially break above the 0.9125 resistance level, after which the most significant resistance target to the upside resides just above the 0.9500 region. This is the area where price last reached at the height of its most recent swing high.
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