(04 SEPTEMBER 2017)EUR / GBP:Monitor the key support at 0.9142

(04 SEPTEMBER 2017)EUR / GBP:Monitor the key support at 0.9142

4 September 2017, 14:07
Jiming Huang
0
17

eg


Monitor the key support at 0.9142

(By Peter Rosenstreich)

• EUR/GBP's has weakened thru uptrend but 

support at 0.9142 should hold. Hourly resistance 

lies at 0.9306 (29/07/2017 high). Hourly support is 

given at 0.9189 (24/08/2017 low). 

• 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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