(11 SEPTEMBER 2017)EUR / GBP:Riding lower.

(11 SEPTEMBER 2017)EUR / GBP:Riding lower.

11 September 2017, 13:37
Jiming Huang
0
19

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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). 


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