EUR/GBP forex binary options – technical analysis
According toanalysts, the key level for the pair is at 0.7885.
Call Options scenario: If EUR/GBP manages to pass the first resistance level at 0.7920, it will probably continue up and test 0.7958 level. In case the second resistance is broken, the pair will probably attempt to advance to 0.7993.
Put options scenario: If EUR/GBP goes down under the first key support at 0.7847, it will probably continue to slide and test 0.7812. If this second key support broken, the movement to the downside will probably continue to 0.7774.
Weekly key points:
R1 – 0.7962, R2 – 0.8042, R3 – 0.8107
S1 – 0.7817, S2 – 0.7752, S3 – 0.7672.