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Strong downside risk.
(By Yann Quelenn)
• EUR/GBP lies into a symmetrical triangle. 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 0.8733
(01/11/2017 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).
