GBP/EUR: Pound Resilient After May's Crushing Brexit Defeat

EUR/USD initial optimism declines and pair eases back from 1.1870.
Support met at 1.1740 (Thursday).

EUR/USD ticked in and out of gains and losses on Friday.It is now trading in negative territory after failing to break through the daily high of 1.1870.

The next resistance level can be seen at 1.19 a break through here could open the door to 1.1920 prior to  1.1965 (August high). On downside 1.1740 the monthly lows, is a target for the bears ahead of 1.17, the confluence of August lows and a Fibo level (of the 2017-2018 rally). The 55-day SMA, (1.1713 today) supports this level

The bullish longer term view on EUR/USD remains whilst the pair trades above its  200-day SMA (1.1220).