EURGBP may be running into an area of resistance zone

We still believe the final move to 0.8920 could be even possible before pulling back to 0.8830/0.8800 in the near term. Weekly pivotal finds between 0.8830-0.8800 below this, possible supports are at 0.8760 and 0.8715. As we pointed in our last week’s note, the fact is weekly resistance seems between 0.8900/0.8920 and 0.8970. While remains below the weekly supply zone, we foresee a downside risk to 0.8800 and 0.8760.
Flipside side, well settle above 0.8970 could rally further to 0.9050/0.9070.