(01 MAY 2017)EUR / GBP:Selling pressures.

(01 MAY 2017)EUR / GBP:Selling pressures.

1 May 2017, 15:12
Jiming Huang
0
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eurgbp

Selling pressures.

• EUR/GBP keeps on pushing lower. The 

technical structure is negative as long as the 

resistance at 0.8596 holds. Expected to show 

continued weakness until resistance given at 

0.8304 (05/12/2017 low). 

• In the long-term, the pair has largely recovered 

from recent lows in 2015. The technical structure 

suggests a growing upside momentum. The pair 

is trading above from its 200 DMA. Strong 

resistance can be found at 0.9500 psychological 

level. 

(By Yann Quelenn )

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