(12 JUNE 2017)EUR / GBP:Volatility declines.

(12 JUNE 2017)EUR / GBP:Volatility declines.

12 June 2017, 14:35
Jiming Huang
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Volatility declines.

• EUR/GBP has broken resistance at 0.8787 

(13/03/2017 high). The pair keeps on going 

higher. Strong support can be found 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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