(10 JULY 2017)EUR / GBP:Testing resistance area.

(10 JULY 2017)EUR / GBP:Testing resistance area.

10 July 2017, 13:50
Jiming Huang


Testing resistance area.

(Yann Quelenn )

• EUR/GBP is testing for the third time in two 

months resistance area around 0.8900. Hourly 

support is given at 0.8719 (16/06/2017 low). 

Expected to show further buying pressures. 

• 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 


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