(22 MAY 2017)EUR / GBP:Strengthening.

(22 MAY 2017)EUR / GBP:Strengthening.

22 May 2017, 14:11
Jiming Huang
0
19

EG

Strengthening.

• EUR/GBP is strengthening. The technical has 

turned positive since the pair has broken 

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

can be found at 0.8304 (05/12/2017 low). 

Expected to see further consolidation around 

0.8600. 

• 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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