EUR/GBP Is Testing the Resistance

EUR/GBP could not break below the support at 0.6980, formed a doji candlestick on the daily time-frame and began moving to the upside. It is currently testing the resistance level at 0.7080 which is also visible on the daily time-frame. Should it manage to break above that level the pair will likely continue moving to the upside until it reaches the next resistance level at 0.7200, which also coincides with (MA)89 on the daily time-frame. On the other hand, if it fails to break above 0.7080 we can expect a new move to the downside to test the support at 0.6980.