Slight weakness.
(By Yann Quelenn )
• EUR/GBP has broken downtrend resistance
triggering a move towards 1.0987. Hourly
support can be located at Support can be found
at 0.8652 (08/06/2017 low). Expected to show
further consolidation.
• 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.
