(03 JULY 2017)EUR / GBP:Slight weakness

(03 JULY 2017)EUR / GBP:Slight weakness

3 July 2017, 13:44
Jiming Huang
0
19

eg


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. 

Share it with friends: