Riding lower.
(By Yann Quelenn )
• EUR/GBP has bounced off support. However,
as long as prices remain below the resistance at
0.9176 (declining trendline), the short-term
technical structure is biased to the downside.
Hourly support is given at 0.9095 (11/09/2017).
Resistance lies at 0.9306 (29/07/2017 high).
• 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).
