(14 AUGUST 2017)EUR / GBP:Consolidating below 0.9100.

(14 AUGUST 2017)EUR / GBP:Consolidating below 0.9100.

14 August 2017, 13:54
Jiming Huang
0
13

eg


Consolidating below 0.9100.

(Yann Quelenn )

• EUR/GBP is trading around its highest levels of

the year despite ongoing consolidation. Hourly 

resistance lies at 0.9087 (08/08/2017 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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