(19 JUNE 2017)EUR / GBP:Bearish pressures increase

(19 JUNE 2017)EUR / GBP:Bearish pressures increase

19 June 2017, 13:59
Jiming Huang
0
20

eg


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)

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