(09 OCTOBER 2017)EUR / GBP:Strong bullish momentum.

(09 OCTOBER 2017)EUR / GBP:Strong bullish momentum.

9 October 2017, 13:49
Jiming Huang
0
18

eg


Strong bullish momentum.

(By Yann Quelenn)

• EUR/GBP is trading higher. The pair has 

broken the resistance at 0.8899 (19/09/2017 low). 

The very short-term technical structure is now 

biased to the upside. Hourly support is given at 

0.8746 (27/09/2017). 

• 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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