Strong decline.
(By Yann Quelenn )
• EUR/GBP is trading lower. 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 0.8982 (12/09/2017).
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).
