(07 AUGUST 2017)EUR / GBP:Bullish pressures persist.

(07 AUGUST 2017)EUR / GBP:Bullish pressures persist.

7 August 2017, 13:45
Jiming Huang
0
21

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Bullish pressures persist.

(Yann Quelenn)

• EUR/GBP is trading around its highest levels of

the year. The pair keeps on pushing higher. 

Hourly resistance lies at 0.9054 (04/08/2017 high). 

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. 

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