Wide-open for further downside.
(By Yann Quelenn)
• EUR/GBP was rejected from rising trendline
showing an aggressive reversal. Hourly support
is given at a distance at 0.8733 (01/11/2017 low).
Next resistance is located at 0.9014 (27/10/2017
high). Expected to go lower.
• 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