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

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.