(26 JUNE 2017)EUR / GBP:Selling pressures increase round 0.8800.

(26 JUNE 2017)EUR / GBP:Selling pressures increase round 0.8800.

26 June 2017, 13:44
Jiming Huang
0
15

eg


Selling pressures increase round 0.8800.

• EUR/GBP is struggling to go any higher. Hourly 

resistance is given at 0.8866 (12/06/2017 high). 

Other support can be found at 0.8652 

(08/06/2017 low). Expected to show renewed 

strength. 

• 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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