(31 JULY 2017)EUR / GBP:Selling pressures are weak.

(31 JULY 2017)EUR / GBP:Selling pressures are weak.

31 July 2017, 13:35
Jiming Huang
0
17

EG

Selling pressures are weak.

(Yann Quelenn )

• EUR/GBP is trading around its highest levels of

the year. The pair is consolidating. Hourly 

support is given at a distance at 0.8742 

(16/06/2017 low). Downside risks are nonetheless 

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. 


Share it with friends: