(18 SEPTEMBER 2017)EUR / GBP:Strong decline.

(18 SEPTEMBER 2017)EUR / GBP:Strong decline.

18 September 2017, 13:57
Jiming Huang
0
15

eg


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). 

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