EUR/GBP Is Testing 0.8525

The spinning top candlestick on the EUR/GBP four-hour time-frame at the support at 0.8300 had the expected result and the pair continued climbing, breaking above the resistance at 0.8435 and reaching the resistance 0.8525, which coincides with the (MA)89 indicator on the same time-frame. More importantly, in the meantime the pair also formed a hammer candlestick as well as a doji candlestick on the daily time-frame above the same support at 0.8300 and both are a serious signal for a move to the upside. Currently the pair is testing the resistance at 0.8525, and if there is a breakout above that level EUR/GBP will likely continue climbing towards the next resistance level at 0.8585, which is the (MA)89 indicator on daily time-frame.