(08 MAY 2017)EUR / GBP:Trading sideways.

(08 MAY 2017)EUR / GBP:Trading sideways.

8 May 2017, 14:10
Jiming Huang
0
19

EB

Trading sideways.

• EUR/GBP is trading mixed. The technical

structure remains negative as long as the 

resistance at 0.8530 (25/04/2017 low) holds. 

Expected to show continued weakness until 

support 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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