Euro notes in denominations of fives and tens are arranged for a photograph in London, U.K., on Wednesday, Jan. 18, 2012. The euro strengthened and commodities rallied as an official at a Group of 20 nation said the International Monetary Fund is proposing a $1 trillion expansion of its lending resources. U.S. index futures rose before Goldman Sachs Group Inc. reports earnings. Photographer: Simon Dawson/Bloomberg via Getty Images
• EURGBP reversed from round support level 0.9000
• Likely to rise to 0.9155
EURGBP recently reversed up from the key round support level 0.9000 (which stopped the (a)-wave of the previous minor corrective wave (ii)).
The support area near the support level 0.9000 was strengthened by the lower daily Bollinger Band and by the next strong support level 0.8950 (low of the daily Morning Star from the middle of July).
EURGBP is likely to rise further toward the next resistance level 0.9155 (top of the previous impulse waves 1 and (i)).
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