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
level.
