(18 DECEMBER 2017)EUR / GBP:Sideways price action.

(18 DECEMBER 2017)EUR / GBP:Sideways price action.

18 December 2017, 13:22
Jiming Huang
0
17

eg

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). 


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