(24 JULY 2017)EUR / GBP:Stalling below 0.9000.

(24 JULY 2017)EUR / GBP:Stalling below 0.9000.

24 July 2017, 13:52
Jiming Huang
0
29

eg

Stalling below 0.9000.

(By Yann Quelenn )

• EUR/GBP is very volatile. The pair has surged

toward 0.9000. Hourly resistance is given at a 

distance at 0.8742 (16/07/2017 low). Downside 

risks are important. 

• 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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