Bearish pressures increase.
• EUR/GBP is back below former support given
at 0.8787 (13/03/2017 high). Other support can
be found at 0.8652 (08/06/2017 low). Expected to
further decline.
• 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)
