(17 JULY 2017)EUR / GBP:Weakening.

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.