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Monitoring support area.
(By Yann Quelenn )
• EUR/GBP is showing increasing short-term
buying interest near the weak support at 0.8899
(19/09/2017 low). However, as long as prices are
below the resistance at 0.9046 (05/09/2017 high),
the short-term technical structure is biased to
the downside Hourly support is given at a
distance at 0.8746 (27/09/2017 low).
• 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).
