EUR/GBP Is Rising Towards 0.8550

After two weeks of sideways consolidation EUR/GBP finally started moving to the upside. This is hardly surprising, as the pair formed multiple candlesticks on the daily time-frame that were a signal for that, namely spinning top and inverted hammer candlesticks, as well as a pair of impressive doji candlesticks on the weekly time-frame, all above the support at 0.8330. The pair broke above the resistance at 0.8430, which coincided with the (MA)89 indicator on the four-hour time-frame and continued climbing. It is currently still moving to the upside and it will probably continue rising towards the next visible resistance level at 0.8550, which is the same indicator but on the daily time-frame.