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Sideways price action.
(By Yann Quelenn )
• EUR/GBP is trading slightly lower. The pair is
trading between support at 0.8689 (08/12/2017
low). Resistance is located at 0.8867 (05/12/2017
high). Expected to show further sideways
trading.
• 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).
