EUR/GBP Is about to Test the Resistance at 0.9025

EUR/GBP formed an a very telling double top at 0.9304 on the monthly and weekly time-frames and bounced off from that level, falling with almost 600 pips before finally finding some support at 0.8745 and bouncing off from that support as well after forming a doji candlestick on the weekly time-frame at that level. Currently the pair is bullish and it is about to test the resistance at 0.9025. A breakout above that resistance is would be a signal for a likely further move to the upside towards the last high at 0.9305. All that said, the double top on the monthly time-frame remains a valid signal for a move to the downside and a continuation of the bullish trend won’t be confirmed before a breakout above 0.9305.