(21 AUGUST 2017)EUR / GBP:Medium-term bullish.

(21 AUGUST 2017)EUR / GBP:Medium-term bullish.

21 August 2017, 13:51
Jiming Huang
0
22

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Medium-term bullish.

(By 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) has 

been broken. 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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