(27 NOVEMBER 2017)EUR / GBP:Bullish momentum builds

(27 NOVEMBER 2017)EUR / GBP:Bullish momentum builds

27 November 2017, 12:59
Jiming Huang
0
13

eg


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). 

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