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 )
