(17 JULY 2017)EUR / GBP:Weakening.

(17 JULY 2017)EUR / GBP:Weakening.

17 July 2017, 13:53
Jiming Huang
0
8

eg


Weakening.

(By Yann Quelenn)

• EUR/GBP has broken uptrend channel. Hourly 

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

Expected to show further monitoring of support 

given at 0.8719. 

• 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.

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