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Bullish momentum builds.
(By Yann Quelenn)
• EUR/GBP has broken rising trendline, yet
technical structure suggests further short-term
bullish momentum. 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).
• 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).
