(28 AUGUST 2017)EUR / GBP:Buying pressures continue.

(28 AUGUST 2017)EUR / GBP:Buying pressures continue.

28 August 2017, 13:37
Jiming Huang
0
18

eg


Buying pressures continue.

(By Yann Quelenn)

• EUR/GBP's buying pressures continues. Hourly 

resistance lies at 0.9415 (10/07/2017 high). Hourly 

support is given at 0.9189 (24/08/2017 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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